Despite growth in tokenization and RWA TVL highlighting Ethereum's fundamentals, stagnant DApp activity and $345M spot ETF outflows are weighing on ETH price, raising concerns of a drop below $1,500.
ETH ETF Outflows Dwarf Buying Amidst Fundamental Divergence
While Ethereum's fundamentals are bolstered by rising tokenization and Real World Asset (RWA) total value locked (TVL), spot ETH ETFs have recorded $345 million in net outflows, eclipsing buying by miners (Bitmine) and other participants. Stalled decentralized application (DApp) activity adds further pressure. Analysts question whether ETH could fall below the $1,500 mark.
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