This well-known apocalyptic vision of the valley of dry bones pictures the manner in which Yahweh would restore His people. [1] This may be the best-known section of the Book of Ezekiel. [source][source][source]
"Few other passages have suffered more from the extremes of interpreters who see either too much or too little in both meaning and application of the figures, symbols, and types." [2][source]
"The New Covenant involves a new heart and a new spirit, to be sure, but it is deeply rooted in history and land. The promise to Abraham was unconditional and included in its benefits a geographical inheritance-indeed, not just any territory but specifically the land of Canaan ( Genesis 12:1; Genesis 12:7; Genesis 13:15-17; Genesis 15:18-19; Genesis 17:8). It is that land that is in view throughout Ezekiel"s historical and eschatological purview, for unless that land is the focus of God"s covenant fulfillment the ancient promises lose their intended significance. [source][source][source]
"The coalescence of the New Covenant and the renewed land is nowhere in the Old Testament better explicated than in Ezekiel 37." [3][source]
"On the surface, New Testament references to the realization of the new covenant in the present era are problematic, for Jeremiah and Ezekiel spoke of this covenant being made with Israel, not the Gentiles. Some argue that the church is the new "Israel" through which the Old Testament promise is fulfilled. Others, insisting on a sharp distinction between Israel and the church, propose that the new covenant mentioned in the New Testament is distinct from the one promised in the Old Testament. A better solution is to propose an "already/not yet" model, which sees a present realization of the promises in the church and a future fulfillment for ethnic Israel. Only this mediating view does justice to the language of both the Hebrew prophets and the New Testament. Just because the Hebrew prophets mention only Israel as the recipient of the covenant does not mean that others could not be recipients as well; just because the New Testament focuses on a present realization through the church does not preclude a future fulfillment for Israel." [4][source]