Ethereum has strong institutional backing and fundamental utility in tokenized real-world assets, but its 64% drawdown from all-time highs limits near-term recovery speed

"The Ethereum Institutional nonprofit launched in July with backing from Joe Lubin and relationships spanning $250 trillion in combined assets under management... The network still hosts nearly 60% of the $34 billion in tokenized real world assets. The institutional commitment is deep. The price still carries a drawdown that has persisted for eleven months."