Ethereum MVRV Nears Seven-Year Resistance Amid Spot ETF Inflows and Rising Investor Activity

Key Points

1. Ethereum's MVRV metric is nearing a seven-year resistance line, a trend that has held since 2018, indicating a pivotal moment for ETH's price trajectory.

2. Spot Ethereum ETF inflows and institutional buying have driven a 184% price increase in recent weeks, reinforcing ETH's upward momentum.

3. New Ethereum wallet addresses surged by 61% in four days, reflecting growing retail investor interest.

4. ETH remains above the SMA365 support line despite profit-taking near the MVRV resistance, suggesting market resilience.

5. Analysts are monitoring the potential breakout of the long-term MVRV downtrend, which could signal a shift in Ethereum's market structure.