Ethereum price could be on the verge of a strong bearish breakout amid ongoing ecosystem growth. ETH token was trading at $2,957, down by 12% from its highest level this year. JPMorgan’s MONY fund reached $100 million in assets on its first day, illustrating robust demand for the OnChain Net Yield strategy. The product carries a 0.16% annual management fee with a minimum investment of $1 million.
The inflows boosted Ethereum’s tokenized asset totals to over $13 billion, up 7% in the last 30 days, and highlighted growing interest in on-chain representations of real-world assets. Several other asset managers, including BlackRock, Franklin Templeton, WisdomTree, and Ondo, are among notable funds pursuing tokenized assets. Analysts say Real-World Asset tokenization remains in its infancy, with trillions of dollars expected to move onto blockchains over time. Ondo and Robinhood have already begun offering tokenized stocks and ETFs.
Data on Ethereum’s network shows accelerated on-chain activity following the Fusaka upgrade, with transactions rising 36% to more than 62.2 million. Similarly, the number of active addresses rose by 55% to 13.8 million. Ethereum transactions are rising. The stablecoin supply on Ethereum now exceeds $161 billion, and the sector’s total assets are around $310 billion, underscoring growing liquidity.
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