Ethereum's daily transaction average has reached a new high of over 2 million, driven by increased tokenization of real-world assets. Despite this activity, traders are more optimistic about gold's potential price increase compared to Ethereum, reflecting a disconnect between on-chain usage and market sentiment.

Crypto investment products saw a net inflow of $785 million for the fifth consecutive week, primarily driven by renewed investor interest in Ethereum. Year-to-date inflows have now reached $7.5 billion, recovering from earlier market downturns, with Ethereum contributing $205 million to its total. Despite a slight decline in ether prices, overall sentiment towards Ethereum is improving post-upgrade.