TL;DR
- Ethereum climbed 3.5% on the day, closing at $2,637 after rebounding from $2,491 with strong volume and confirming support at $2,500.
- U.S. spot ETH ETFs broke a 19-day inflow streak with $2.1 million in net outflows, but open interest in futures held steady at $35.36B.
- A report from Etherealize claims Ethereum already backs over 80% of tokenized assets and serves as core infrastructure for stablecoins.
Ethereum remains above $2,600 and continues to attract institutional interest, despite the volatility affecting the crypto market due to geopolitical tensions. In the latest session, ETH gained 3.5%, closing at $2,637 after rebounding from $2,491. Trading volume exceeded recent averages and confirmed the validity of a key technical support level around $2,500.
Spot Ethereum ETFs in the United States posted $2.1 million in net outflows, ending a 19-day streak of consecutive inflows. Even so, ETH’s price held steady within the $2,500 to $2,800 range. The strength of institutional demand was evident in futures open interest, which stood at $35.36 billion, according to CoinGlass data.
Ethereum Is the Backbone of Tokenized Assets and Stablecoins
A new report from Etherealize reinforced Ethereum’s position in the market. The organization released a document asserting that ETH is becoming the foundational infrastructure for the global digital financial system. The report states that over 80% of tokenized assets run on its network and that the blockchain serves as the standard for stablecoins and institutional applications. According to its authors, Ethereum functions not only as a store of value but also as programmable collateral, network fuel, and a yield-bearing productive asset.
From a technical analysis perspective, Ethereum formed a double-bottom pattern between $2,495 and $2,510, backed by rising volume. The price cleared intraday resistance at $2,553 and secured a strong close at session highs. A V-shaped recovery, with sharp buying bursts at specific moments, fueled expectations of a possible move toward $2,575 or $2,600 in the short term.
Despite the ETF setback, market data and institutional activity keep Ethereum in a strong position. The ability to defend these technical levels while retaining backing from large operators suggests ETH could be building a solid base for an upward breakout in the coming weeks.
