Ethereum lost the $2,250 support level and fell to $2,126.73, a 15.1% decline in one month, fueling fears of a further drop toward $2,000. Bitmine founder Tom Lee argues that this volatility mainly reflects investors’ impatience for immediate returns rather than a setback in Ethereum’s development. The market capitalization of tokenized real-world assets on Ethereum reached $20.9 billion, compared with $6.2 billion on BNB Chain and $4.8 billion on Solana. US spot Ethereum ETFs have continued to record outflows, while $269.37 million in leveraged crypto positions were liquidated over 24 hours. However, large-holder activity around Lido’s stETH has surged, with more than 630 daily transactions worth at least $100,000, suggesting that institutional-sized investors are repositioning around the $2,100 level.
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