# Ethereum's Next Move? Historic Indicator and Whale Activity Align Strong recovery signals emerge for ETH price. - **Source:** [CryptoPotato](https://brifing.si/source/bd22636b-ec8d-42a8-8cca-1937c50e0f6c) - **Published:** 2026-07-23 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/c3637497-4672-44a4-aa48-239e8c4ca3b1 ## Ethereum's Current Status Ethereum has gained 16% in the past month, and according to analyst Ali Martinez, it has entered a technical setup historically indicative of strong price recoveries. ETH's MVRV ratio is nearing a crossover above its 160-day simple moving average. ## The Significance of MVRV Momentum MVRV Momentum measures the relationship between investor profitability and the medium-term trend line. Martinez explained that when the daily MVRV ratio moves above the 160-day average, it signals the end of capitulation and the start of a new accumulation phase. ## Whale Movements Large investors continue to buy ETH. According to Lookonchain, a whale purchased 27,000 ETH. BitMEX co-founder Arthur Hayes also increased his holdings by 3,270 ETH over the past eight days. ## Declining Exchange Reserves Around 1 million ETH was withdrawn from centralized exchanges in the last 30 days, pushing reserves to their lowest level in a decade. Declining reserves reduce selling pressure and support price increases. ## Institutional Investments Spot Ethereum ETFs recorded consistent net inflows this month, attracting over $380 million. This demonstrates institutional confidence in ETH. ## Diverging Views Not all analysts agree. Some believe ETH could rally once more before a deeper correction. However, long-term forecasts predict ETH could reach $7,000. ## Sources covering this story - https://cryptopotato.com/ethereums-next-leg-higher-historic-indicator-and-whale-activity-align/ — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._