Forget Bitcoin for a Moment… Why Ethereum is the Spotlight This Summer

Ethereum has broken its long-term bear trend and entered a rebound phase, with technical reversal signals, spot ETF inflows, and RWA tokenization dominance shifting market focus to the second-largest cryptocurrency. Analysts note ETH/BTC rebounded to 0.02918 from a 0.0269 low, while the USD chart confirmed a breakout above key support levels. Ethereum's price rose from ~$1,510 to ~$1,950, with $1,842 as key support. Technical indicators suggest a potential next target of $2,163 if the bullish trend continues. Ethereum's strength extends beyond charts, with $17.1 billion in tokenized traditional assets on its network—surpassing competitors like Solana and BNB Chain. Institutional funds also rebounded, with $139 million in spot Ethereum ETF inflows over three weeks. The market now views Ethereum's technical rebound, ETF inflows, and RWA dominance as a major turning point.