On July 13th, the price of Ethereum strengthened, driven by the theme of tokenization, as the market refocused on the infrastructure value of public blockchains in asset issuance, settlement, and on-chain finance. According to ZFX, the rising interest in tokenization has led investors to view Ethereum in connection with the trend of traditional assets moving on-chain.

From the perspective of ZFX, Ethereum's short-term performance depends not only on price sentiment but also on the progress of on-chain applications, fee revenue, and institutional adoption. If more assets complete registration and circulation via blockchain, mainstream public chains could see more stable usage demand.

The article notes that Ethereum still faces tests of resistance levels, and price increases require volume support. The market will also monitor Layer 2 activity, staking yields, and whether capital rotates from Bitcoin to other mainstream assets.

Moving forward, attention can be paid to the implementation of tokenization projects, on-chain trading volume, and key price ranges. ZFX analysis suggests that if application demand continues to expand, Ethereum's valuation rationale may improve; however, if capital inflows are insufficient, any rebound could remain constrained.