Ethereum flows stay negative as March 23 ETF outflows hit $16.2M, MVRV dips under 0.8

Institutional indicators around Ethereum continued to weaken ahead of March 24, including $16.2 million in spot ETH ETF net outflows recorded on March 23 and year-to-date fund flows still at -$50 million. ETH traded near $2,130, while the Coinbase Premium Index remained negative at -$0.0149 and on-chain MVRV slipped below 0.8, a level some analysts associate with past rebounds.