spot ETFs is consolidating around retail participation

That is why watching spot ETFs alongside sanctions screening usually explains more than chasing every alert.
Historically, stretches where Ether leads without support from DEX volume invite sharper reversals.
Against the backdrop of “XT Exchange: A Prediction Market Starts With a Question That Can Be Settled” and “Aave Reopens Markets but Keeps Nine Assets at Zero LTV”, positioning still matters more than slogans.
Cycles rhyme, but the plumbing underneath keeps changing.
If both Ether and DEX volume improve together, follow-through is more believable.
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