The Ethereum (ETH) market is showing conflicting signs as on-chain data improvements and increased network activity are contrasted by significant outflows from Ether exchange-traded funds (ETFs).ETH's price has increased by 7% in the past week, with a majority of addresses holding ETH currently in profit. Network activity has also seen a surge, with weekly fees reaching a high not seen since 2024. The derivatives market for Ethereum also shows positive signs. However, this positive news is countered by large withdrawals from Ether ETFs, indicating a divergence between price movements and investor confidence. This comes as both crypto and stock markets respond similarly to macroeconomic factors, such as US Federal Reserve decisions. Despite these conflicting signals, Ethereum has witnessed important developments recently, including a financial consulting firm issuing tokenized commercial paper and Visa launching a platform to tokenize fiat-backed assets. Ethereum continues to dominate the tokenized US treasuries market, with over $1.5 billion issued on the platform.



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