Ethereum has reached a new milestone with a 7-day average of daily transactions hitting 2.022 million. This increase is largely attributed to the growing tokenization of real-world assets (RWAs) on the network, which has made Ethereum a key player in financial infrastructure rather than just a speculative asset. Despite this surge in activity, Ethereum's price remains stagnant at $3,240, showing only a slight increase of 2.2% in the last day and 8.9% over the past week. Market sentiment reflects a disconnect between Ethereum's network performance and trader confidence. Prediction markets reveal that traders are more optimistic about gold reaching $5,000 than they are about Ethereum hitting $4,000. While there’s a 58% chance assigned to Ethereum rallying to $4,000 in the near term, this is still overshadowed by a preference for gold. Analysts suggest this sentiment is driven by short-term concerns over macroeconomic stability rather than a long-term dismissal of Ethereum's value. Ryan Lee from Bitget points out that the short-term price of ETH is more influenced by liquidity and market psychology than by its actual usage on the blockchain. He emphasizes that Ethereum's long-term value lies in its dominance in decentralized finance (DeFi) and tokenization, areas where gold does not compete. To better align Ethereum's price with its fundamentals, Lee believes there needs to be a sustained increase in ETH accumulation by long-term holders, which would tighten supply and potentially drive prices higher.