Ethereum (ETH) faces further downside risk as technical indicators point to a possible extension of its correction, while weakness against Bitcoin adds to the pressure. Meanwhile, growth in tokenized funds highlights Ethereum’s role in blockchain-based finance and its continued presence in digital asset markets.
As of now, according to CoinMarketCap data, Ethereum is trading at $2,477.35, up 0.31% over the past 24 hours but down 7.13% over the past week.
ETH Faces Potential Drop Toward $2,400 Support
Crypto analyst More Crypto Online suggests Ethereum may still be in a Wave 4 correction, with the price potentially falling toward the $2,450–$2,400 support zone. The analysis points to further downside before ETH attempts a recovery.
The analyst has revised Ethereum’s initial resistance zone to $2,569–$2,627. This range could cap any recovery as buyers attempt to regain control. ETH may struggle to build bullish momentum unless it breaks above the resistance zone.
Ethereum is also showing short-term weakness against Bitcoin. More Crypto Online highlighted the ETH/BTC chart to illustrate the underperformance, making relative strength against Bitcoin another factor to watch when assessing ETH’s near-term direction.
If selling pressure persists, ETH could revisit the $2,450–$2,400 support area. A break above the identified resistance zone, by contrast, could improve the short-term outlook. Both scenarios depend on price action, and neither outcome is guaranteed.
Tokenized Funds Reach $35B as Ethereum Maintains Its Lead
The data from Token Terminal highlights the growth of tokenized funds, with their combined market capitalization reaching $35 billion after increasing 1,028.8% over the past three years. The rise points to growing interest in bringing traditional financial assets onto blockchain networks.
Ethereum leads the sector, with $16.8 billion in tokenized funds issued on its blockchain. The figure highlights Ethereum’s role in supporting blockchain-based financial products, where traditional investment assets can be represented and managed digitally.
BNB Chain ranks second, with $4.4 billion in tokenized funds, followed by Stellar at $3.5 billion. While both networks have established a presence in the sector, Ethereum holds a clear lead in the value of tokenized funds issued on the three blockchains.
The growth of tokenized funds points to rising interest in blockchain-based financial services. Tokenization can enable digital ownership, asset transfers, and settlement, potentially changing how investment products are accessed and managed. Further adoption will depend on regulatory clarity, investor demand, and broader institutional participation.
