Tokenization and RWA TVL Growth Underpin Ethereum Fundamentals, but ETF Outflows and DApp Stagnation Pressure ETH Price

Ethereum's tokenization ecosystem and real-world asset (RWA) total value locked (TVL) are showing continued growth, highlighting the network's fundamental strength. However, stagnant decentralized application (DApp) activity and persistent spot ETF outflows—amounting to $345 million recently—are putting pressure on ETH price. Market participants are watching whether ETH will break below the $1,500 support level, with bearish sentiment dominating the short-term outlook.