Ethereum climbs 3% on tokenization boom: Can bulls push ETH price past $1,800?

Ether (ETH) experienced a 3% price increase driven by institutional accumulation and the successful launch of the Robinhood Chain, which has attracted $106 million in bridge deposits. Despite this momentum, ETH struggled to surpass the $1,800 resistance level due to cooling onchain activity and derivatives metrics. Ethereum currently maintains a 47% market share in the RWA sector, supported by prominent projects like Ondo’s USDY and Franklin Templeton’s iBENJI. Research indicates that Ethereum's Total Value Locked has reached $260 billion, exceeding its $210 billion market cap, which some analysts interpret as a sign of undervaluation. However, weekly DApp revenue has declined to $11 million, and active addresses have dropped significantly from Q1 2026 levels. Institutional interest remains a key counter-force, highlighted by BitMine Immersion’s recent accumulation of 198,370 ETH over the past month. These conflicting signals between strong institutional treasury purchases and stagnant network usage create uncertainty regarding whether ETH will retest the $1,700 support level. The ongoing expansion of tokenized assets on the Ethereum network remains a critical pillar for long-term valuation despite current market volatility.