Ethereum MVRV Nears Breakout as ETF Inflows and Demand Drive Momentum

Ethereum’s MVRV metric is approaching a major resistance line that has remained unbroken since the start of its decline in 2018.

Spot Ethereum ETF inflows and sustained institutional buying are driving Ether’s price upward, with a 184% increase recorded in recent weeks.

Retail activity is rising, with a 61% surge in new Ethereum wallet addresses observed within just four days, showing renewed investor engagement.

Ethereum's MVRV metric is approaching a pivotal moment as institutional interest grows. Recent inflows into Spot Ethereum ETFs appear to be altering long-standing trends.

Ethereum MVRV Approaches Long-Term Resistance

According to analyst Burak Kesmeci, the Ethereum MVRV (Market Value to Realized Value) metric is nearing a break of its downward trendline. This trend has held since 2018, marking over seven years of consistent resistance. The resistance line, indicated in red, has now been approached during a period of strong institutional demand.

Source: X/ Burak

For the first time since 2018, Ether is reportedly seeing consistent backing from institutional investors. This support follows recent ETF inflows, which have contributed to a price rise of up to 184% over several weeks. The timing aligns with Ethereum’s MVRV metric reaching the multi-year resistance level, which coincides with noticeable selling pressure and profit-taking activity.

ETF Inflows and Institutional Demand Drive Uptrend

Kesmeci notes that the sharp increase in Ether’s price is largely driven by inflows into Spot Ethereum ETFs. This institutional buying activity has been a key factor behind Ethereum’s recent price movements. Even as some profit-taking occurs near the MVRV resistance line, ETH has managed to stay above the MVRV SMA365 (white), a key support level within the metric.

Remaining above the SMA365 amid increased selling indicates potential strength in the ongoing upward movement. The ability of ETH to maintain this level may suggest that the market is responding positively to the inflow of institutional capital.

Rise in New Ethereum Addresses Shows Renewed Interest

A surge in new wallet activity supports the recent bullish momentum. According to the data shared, the number of new Ethereum addresses grew by 61% within just four days. This spike indicates a rising interest from retail investors, complementing the institutional involvement.

With three critical elements—ETF inflows, institutional participation, and retail growth—now active, Ethereum appears closer than ever to breaking the seven-year MVRV downtrend. If current levels hold, analysts are watching for a potential shift in Ethereum’s long-term market structure.

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