Ethereum (ETH) is trading at $4,339 today, a 3.05% drop from yesterday, reflecting a correction in the market. Despite this dip, the ETH price has still gained significant year-to-date, with a 65.95% increase since January 1, 2023. This growth is attributed to growing institutional investment, particularly driven by tokenization initiatives and Ethereum’s role in real-world asset integration. 29% more assets under management (AUM) have been allocated to ETH compared to Bitcoin’s 11.6%. This highlights rising confidence from traditional financial institutions in the platform, spearheaded by BlackRock’s BUIDL fund which is actively using Ethereum for on-chain versions of traditional financial products. 2023 has seen a noticeable increase in institutional participation and market activity, as witnessed with recent bullish moves from BitMine and ETHZilla, highlighting long-term potential.