Ethereum Surges as Institutions Embrace ETH as Digital Oil for the Digital Economy

• Institutions calling ETH “digital oil” sparks momentum, but technicals still flash mixed short-term signals.
• ETH touted as future financial infrastructure, with $80K projections based on utility and adoption forecasts.

Ethereum (ETH) has shown some upward strength over the past 24 hours, with its price gaining 1.36%. The digital asset is currently trading just above $2,500, rebounding after briefly touching $2,491.72 on Wednesday. It quickly climbed back to $2,532, holding firm near its short-term resistance levels. The current support remains stable at around $2,450, aligned with the 38.2% Fibonacci Retracement level.

While Ethereum’s price is holding above key technical levels, momentum indicators are giving mixed signals. The Relative Strength Index and Stochastic Oscillator are both below neutral, suggesting bearish momentum still exists. A break above the 50-day Exponential Moving Average would be required to test the next resistance near $2,850, but this will need stronger market participation.

On the downside, slipping below the 38.2% Fibonacci level could push ETH toward the $2,260 to $2,110 zone. For now, the bulls have managed to protect the key channel’s lower boundary.

Institutional Activity Adds $1.25 Billion in Less Than Three Weeks

Investor confidence in Ethereum has been consistently rising. Ether-based spot ETFs in the United States recorded net inflows for 19 consecutive trading days until June 13. This streak brought in a total of $1.25 billion, pointing to increased institutional interest and long-term accumulation behavior.

A report by Etherealize titled “The Bull Case for ETH” has added more weight to this trend. The group, focused on connecting institutional finance with Ethereum, includes contributors like Danny Ryan, Grant Hummer, and Vivek Raman. Their report makes the case for Ethereum becoming the main infrastructure for tokenized assets and on-chain financial services.

According to the report, over 80% of all tokenized assets run on Ethereum. It is also the default platform for stablecoins and institutional blockchain applications. These factors together point to Ethereum becoming the foundation of a digitally native financial system.

ETH as “Digital Oil” Gains Ground Among Industry Voices

Vivek Raman, co-founder and CEO of Etherealize, described Ethereum’s native asset as central to the future of finance. “We’ve reached a tipping point where Ethereum and ETH are no longer optional for traditional finance,” said Raman. 

ETH is becoming the indispensable asset at the heart of a new, digitally native financial system, where tokenization and onchain infrastructure are the norm, not the future. Simply put, ETH is digital oil: the essential fuel for tomorrow’s global financial rails.

Backing this view, Ethereum co-founder Joseph Lubin noted,

ETH not only shares the same store of value properties that made Bitcoin popular, but it also has extensive utility, offers more predictable scarcity, and provides a regular yield, positioning it as the ultimate productive reserve asset.

ETH is being viewed as more than just a store of value. It operates as computational fuel, programmable collateral, and an income-generating asset. Etherealize’s report calls it vastly underpriced when compared to its projected utility in global finance.

Yet ETH — the asset underpinning this transformative system — remains among the most significantly mispriced opportunities in global markets today.

According to projections by the Etherealize group, ETH might not only reach $8,000 soon, but they believe the long-term ceiling could go as high as $80,000. At that value, the total worth of Ethereum in circulation would stand close to $10 trillion, more than the combined current market capitalization of Apple and Microsoft.