Ethereum (ETH) is currently trading above $2,540, demonstrating resilience amid geopolitical tensions. This follows a recent report by Etherealize suggesting that ETH should be viewed as a core component of the emerging on-chain financial system. After a dip to $2,491.72, ETH bounced back, reinforced by strong trading volume and technical analysis indicating a potential bullish momentum. Despite a slight outflow from U.S.-listed spot Ethereum ETFs, institutional interest remains strong, with open interest at $35.4 billion. Etherealize’s report highlights Ethereum's critical role in an evolving digital economy, claiming it is the foundational platform for many tokenized assets and stablecoins. Described as 'digital oil', ETH is argued to be seriously undervalued, functioning as both collateral and yield-bearing infrastructure. This underscores Ethereum’s increasing importance and suggests a positive outlook for its long-term price appreciation.

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