Ethereum Rises 3% on Tokenization Boom — Can It Break $1,800?

Ethereum (ETH), the second-biggest cryptocurrency after Bitcoin, is having a strong week. Its price climbed 3% between Thursday and Friday, beating most other cryptocurrencies. But it still struggled to push past a key price level of $1,800.

So what's driving the excitement? Two main things:

• Tokenization — this means turning real-world assets (like gold, government bonds, or company stocks) into digital tokens that can be traded on a blockchain. Ethereum is the leader here, holding 47% of the entire market for these tokenized assets.
• Robinhood Chain — a new blockchain launched by the popular trading app Robinhood. It uses ETH to pay its fees and has already attracted $106 million in deposits. Robinhood now offers tokenized stocks to customers in 120 countries.

Here are the key numbers to know:

• ETH price: around $1,820
• Total Value Locked (TVL) on Ethereum: $260 billion (this is the total amount of money people have parked in Ethereum-based apps)
• Ether's market cap (total value of all ETH coins): $210 billion

Here's something interesting: for the first time ever, the money locked inside Ethereum ($260 billion) is bigger than the total value of all ETH coins ($210 billion). One analyst, Leon Waidmann, says this suggests ETH might be "underpriced" — meaning it could be cheaper than it should be.

But it's not all good news. Some behind-the-scenes measurements are weak:

• Onchain metrics (data showing how much activity is actually happening on the network) are stagnant, meaning not much is growing.
• Derivatives data (the market for bets on future ETH prices) also looks soft.

Meanwhile, big investors like BitMine are buying lots of ETH — a positive sign.

Bottom line: Ethereum has strong momentum from tokenization and Robinhood, but weak activity data means it could still drop back to test the $1,700 level before rising further. For beginners, this is a reminder that crypto prices can swing quickly in either direction.

This is an AI-generated summary. Read the original article at: https://cointelegraph.com/markets/ethereum-climbs-3-on-tokenization-boom-can-bulls-push-eth-price-past-1800?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound