Interestingly, that strong $ETH candle wasn’t driven by ETF flows at all - there’ve actually been outflows the past 3 days.
Which means crypto natives are stepping in. On-chain degens who were sidelined or skeptical are buying again.
Seems like recent shifts at the Ethereum Foundation, plus the Pectra upgrade, are restoring real trust.
Cautiously calling it: the $ETH identity crisis might finally be over. Direction feels right again.
Would’ve been a shame if institutions got to buy in too cheap.
Let them FOMO in at new ATHs.