Despite tokenization and RWA TVL growth underscoring Ethereum's fundamentals, stagnant DApps and persistent spot ETF outflows continue to pressure ETH price. Bitmine's significant Ether purchases were offset by $345 million in ETF net outflows, raising concerns that ETH could drop below $1,500.
While tokenization and real-world asset (RWA) total value locked (TVL) growth highlight Ethereum's solid fundamentals, stagnant decentralized application (DApp) activity and persistent spot ETF outflows are keeping pressure on ETH's price. Latest data shows that Bitmine's large Ether purchases were eclipsed by a net outflow of $345 million from spot ETH ETFs, fueling market speculation that ETH could fall below the $1,500 support level.
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