Ethereum is nearing an unprecedented seventh consecutive monthly decline, driven by large holders reducing their exposure. Wallets holding between 100,000 and 1 million ETH have been selling during relief rallies, maintaining downward pressure on the price. This trend has contributed to a fragile market sentiment as the cryptocurrency hovers around the $2,150 support level.
Despite the bearish price action, Ethereum's Real World Asset (RWA) sector has surpassed $15 billion in total value locked. This growth is fueled by tokenized treasuries, gold products, and institutional vehicles like BlackRock's BUIDL fund. The divergence between price performance and network adoption highlights the current tension in the market. A break below $2,150 could target $1,320, while a recovery above $2,400 may signal a potential reversal.
Ethereum Faces Potential 7th Consecutive Monthly Decline Amid RWA Growth
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