Ethereum is reportedly entering a significant accumulation phase, marked by a growing divergence in the Market Value to Realized Value (MVRV) ratios between staked and circulating supplies. As of July 2025, stakers exhibit an MVRV ratio of 1.7, compared to 1.5 for circulating supply holders, highlighting a 20% behavioral gap. This divergence, alongside robust on-chain metrics such as a $85.38 billion DeFi Total Value Locked (TVL) and over 519,000 active addresses, indicates a potential structural shift in capital flow. Staking activity has intensified, with nearly 36.19 million ETH staked. Notably, over 160,000 ETH has been staked following the October 2024 price decline, reflecting growing long-term investor confidence in Ethereum's future prospects.