Foreign media reports indicate that Ethereum's recent market performance has shown a synchronized improvement. Three main factors support this assessment: the ETH/BTC rebound, continuous net inflows into US spot ETFs, and Ethereum's continued leadership in the tokenization of real-world assets.
ETH/BTC rebounds from lows
The article cites analyst Aksel Kibar's view that ETH/BTC has rebounded from a local low of 0.0269 to 0.02918. According to him, this movement suggests that the pair's previous continuous weakness may be coming to an end.
In USD terms, ETH has also rebounded from a low of around $1510 to near $1880. The article states that the $1842 area has become a key support level. If the price continues to hold above this level, the next upside target could be $2163.
RWA continues to lead in scale
In addition to price trends, the article also cites Ethereum's share of the tokenized asset space as another supporting factor. Data from RWA.xyz shows that the scale of real-world assets deployed on Ethereum has reached $17.1 billion, significantly higher than other networks such as Solana and BNB Chain.
The article mentions that BlackRock's BUIDL fund and related contracts from 1,373 other issuers have been deployed on the network. According to the article, this means more traditional financial transactions will continue to occur on-chain, creating demand for transaction fees paid in ETH.
- Ethereum RWA size: $17.1 billion
- Number of major issuers: 1373
- Representative product: BlackRock BUIDL Fund
US spot ETFs continue to attract funds
Regarding funding, the article cites SoSoValue data, stating that the outflows in May and June have been largely absorbed by subsequent inflows. As of the week ending July 24, the Ethereum spot ETF saw a net inflow of $103.9 million, marking the third consecutive week of net inflows.
During the same period, these funds' net assets reached $10.17 billion, with weekly trading volume remaining at $2.78 billion. The article argues that the simultaneous occurrence of price stabilization, RWA business expansion, and ETF fund inflows has brought Ethereum back into the market spotlight this summer.
