While Ethereum's fundamentals are underpinned by growth in tokenization and RWA TVL, stagnant DApp activity and persistent spot ETF outflows keep downward pressure on ETH price. Miner purchases from firms like Bitmine are being eclipsed by a $345 million daily ETF net outflow, raising concerns that ETH could drop below $1,500.
ETF Outflows Overwhelm Miner Buying, ETH Faces Selling Pressure
Despite Ethereum's solid fundamentals reflected in the growth of tokenization and real-world asset (RWA) total value locked (TVL), the stagnation of DApp activity and ongoing spot ETF outflows continue to pressure ETH's price. The buying from miners such as Bitmine has been completely overshadowed by a $345 million single-day net outflow from ETH ETFs. The market is now questioning whether ETH could fall below the $1,500 support level.
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