ETH Price Hits Six-Week High as Institutional Demand Surges

Ethereum's price has reached $1,900, marking its highest level in over six weeks. This surge comes as buyer demand for ETH reaches a three-month high, according to CryptoQuant.

JPMorgan's tokenized assets on Ethereum have grown significantly, nearing $870 million. This rapid growth reflects the increasing adoption of blockchain technology by major financial institutions.

U.S. spot Ethereum ETFs recorded $53.9 million in net inflows on July 15, with BlackRock's ETHB leading the market with $45.3 million in fresh investments.