Ethereum Surpasses $2,500 Level… "Supported by Strong Fundamentals"

Ethereum (ETH) has surpassed $2,500 (USD), emerging as a key asset in the global digital economy.

According to CoinDesk on the 16th (local time), on the 12th, institutional investor Etherealize published a report stating, "Ethereum serves as the core settlement infrastructure for the global trend of moving financial assets on-chain," and evaluated it as "so productive that it is called digital oil, and an asset that must be included in the long-term strategy of institutions." The report also explained that "Ethereum already supports more than 80% of all tokenized assets and has established itself as the fundamental infrastructure for stablecoins and institutional blockchain adoption."

According to CoinDesk Research's technical analysis model, Ethereum briefly dropped to $2,491.72 on the 13th but quickly recovered, securing a major support level at $2,500 on the same day. In addition, CoinGlass data shows that as of the 16th, Ethereum's open interest (OI) stood at $35.36 billion, indicating that institutional investors are taking active long positions. Despite heightened geopolitical risks, Ethereum has recently demonstrated strong resilience, and thanks to solid fundamentals, it is evaluated to be maintaining stable prices around the $2,500 level.

Meanwhile, as of 10:10 a.m. on the 16th, Ethereum was trading at $2,533.20 on the Binance Tether (USDT) market, down 0.01% from the previous day.