Ethereum ETFs have seen a positive flip, creating excitement about a potential ETH rally. This change in sentiment could indicate that investors are regaining confidence in Ethereum's market performance.
The declining MVRV ratio is another noteworthy indicator. A lower MVRV ratio can suggest market capitulation, which often occurs after a prolonged period of bearish sentiment surrounding ETH.
Overall, these developments highlight a possible upward trend for Ethereum, making it a key point of interest for investors and enthusiasts alike.
