Cointelegraph1d agoTech
Ether Price Edges Up 3% Amid Tokenization Boom, But Onchain Metrics Signal Caution
Quick Look
- Ether (ETH) price rose 3% driven by tokenization growth and Robinhood Chain, despite weak onchain data.
- Ethereum leads RWA tokenization, and Robinhood Chain attracted $106M in deposits.
- However, DApp revenue and active addresses are down, and funding rates are low, raising concerns about a potential retest of $1,700.
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Ether (ETH) price rose 3% driven by tokenization growth and Robinhood Chain, despite weak onchain data. Ethereum leads RWA tokenization, and Robinhood Chain attracted $106M in deposits. However, DApp revenue and active addresses are down, and funding rates are low, raising concerns about a potential retest of $1,700.
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This article was originally published by Cointelegraph.
