Ethereum has recently surpassed $4,500, reaching a new all-time high amidst growing market excitement. However, the digital currency’s recent price dip below support levels is raising concerns amongst analysts. Experts are closely watching for Ethereum to find its next major support area after losing key technical support zones at the $3,600 level. Former BlackRock executive Joseph Chalom predicts that Ethereum will play a pivotal role in shaping the future of Wall Street, becoming the foundation for a new era of finance. 3 Billion USD worth of ETH is currently held by his firm, Sharplink, which aims to capitalize on Ethereum’s potential through staking strategies. While short-term traders are monitoring these price fluctuations, Chalom believes that Ethereum’s role in financial digitization will be undeniable. Ethereum hosts a majority of stablecoins and tokenized assets, making it a key infrastructure player for the financial sector, according to Chalom. 3% annual returns on investment through staking further solidify Ethereum’s appeal in institutional finance. Despite some uncertainty regarding near-term market movements, experts believe that Ethereum’s core position in global finance could provide resilience as the cryptocurrency market stabilizes.