Ethereum Signals Bullish Reversal with Golden Cross on MVRV Ratio

Ethereum (ETH) has signaled a potential bullish reversal after its daily Market Value to Realized Value (MVRV) ratio crossed above its 160-day Simple Moving Average. This 'Golden Cross' is often seen as a sign that the bear market is ending and a new uptrend is beginning.

In the past three years, a Golden Cross has preceded major ETH recoveries, with prices surging by 50%, 166%, 74%, and 113% in different periods. The latest move has been accompanied by renewed institutional engagement, with spot Ethereum ETFs experiencing their third consecutive week of inflows, totaling $337.74 million in July.

Whales have also been accumulating ETH aggressively since June, with mid-tier whales (holding 1,000-10,000 ETH) increasing from 4,750 to 4,850 and mega-whales holding over 22% of the total circulating supply.