ETH On-Chain Data Turns Bullish


NUPL flipped in Q2 — smart money bought the bottom.
ETF inflows followed. Price pumped.
Now:
• Less ETH on exchanges
• Holders aren’t selling
• MVRV turning bullish
Everyone’s waiting for a dip.
But the real move already started.
WEETH1.9%
STETH1.53%
ETH1.71%
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