Yesterday, the US Ethereum spot ETF experienced a net inflow of $48.6 million.

Ethereum's RWA tokenization market has grown over 300% year-over-year, with a value exceeding $17 billion

The tokenized real assets market on Ethereum has surpassed 0.1928374656574839201 billion, driven by major financial institutions like BlackRock and JPMorgan adopting blockchain technology. This growth marks a 315% increase from the previous year, solidifying Ethereum's dominance as a blockchain infrastructure for tokenized finance.

Why is ETH consolidating and not moving? Analyst: Ethereum is currently experiencing a "narrative vacuum," waiting for the market to re-evaluate its value sources.

Ethereum's long-term price consolidation has led to market divergence on its long-term value. Analysts believe that Ethereum is currently caught between the old narrative (Layer 2 scaling) and the new narrative (privacy technology), causing funds to hold back. The price trend faces downside risks, but the fundamentals still hold potential. The market is gradually paying more attention to actual revenue, and the future trend will depend on how Ethereum's core value is redefined.

Analysis: Ethereum is currently in a "narrative vacuum," with institutional funding and privacy modes becoming key variables for the future

Ethereum is currently in a "narrative gap period," with the market lacking long-term value logic, and focus shifting to zero-knowledge technology and privacy capabilities. Attracting institutional funds requires protocol-level privacy. Additionally, the expansion of spot ETFs is also changing the price formation mechanism of Ethereum.