Market Overview
Despite Ethereum's network showing growth in tokenization and Real World Asset (RWA) total value locked (TVL), highlighting fundamental resilience, stagnant decentralized application (DApp) activity and massive spot ETF outflows continue to exert pressure on ETH price. ETH currently trades near a key support level, with concerns mounting that a sustained sell-off could drive the price below $1,500.

ETF Outflows and On-Chain Data
Recently, Ethereum spot ETFs recorded $345 million in net outflows, easily overshadowing minor inflows, signaling weakening institutional sentiment. Meanwhile, on-chain DApp transaction volumes and active addresses have remained lackluster, diminishing expectations of network utility value. Although the RWA sector (e.g., tokenized real estate, bonds) has hit new TVL highs, it can hardly offset speculative selling pressure in the short term.

