Spot market investors have returned after two consecutive days of selling.
According to CoinGlass, the Spot Exchange Netflow showed a notable $11 million inflow into Ethereum over the past 24 hours.
Much of the purchased ETH has moved into private wallets, signaling long-term conviction and a shift in market posture.
If this trend continues, the added liquidity could fuel further momentum, setting ETH on track to establish new highs in the days ahead.
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