Ethereum ETFs Post Reversal as On-Chain Metrics Signal Potential Bottom

US-listed Ethereum ETFs experienced $70.62 million in net outflows on July 25, breaking a five-day streak of positive inflows.

The reversal came after the ETFs accumulated $211.25 million from July 17 to July 24, marking their third consecutive week of net inflows.

Despite this setback, Ethereum (ETH) maintained its relative strength compared to Bitcoin, with the ETH/BTC ratio falling to 0.028, its weakest performance since August last year.

Critical on-chain metrics such as MVRV ratios and exchange flow patterns have not yet hit extreme thresholds that would signal a confirmed price floor for Ethereum.