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Ethereum rises 3% as tokenization gains, eyes $1,700 retest
Ether jumped 3% recently, but it failed to clear $1,800 as onchain and derivatives metrics stayed weak, raising the risk of a move back toward $1,700.
Ether (ETH) gained about 3% between Thursday and Friday, outperforming the broader crypto market, with the move tied to a tokenization uptrend and new institutional-related flows, according to Cointelegraph.
Cointelegraph pointed to the success of the layer-2 network Robinhood Chain, which uses ETH as its native gas token and has collected $106 million in bridge deposits, as well as ongoing corporate treasury purchases. It also cited Rwa.xyz data showing Ethereum’s 47% market share in real-world assets, and noted tokenized products and issuers contributing to the RWA ecosystem.
Still, Cointelegraph said ETH stalled at the $1,800 level and faces pressure from weaker onchain and derivatives indicators, which it described as leaving room for a potential retest of $1,700. The report also highlighted that total value locked on Ethereum at $260 billion has surpassed Ether’s market cap of about $210 billion, a gap one researcher said suggests ETH may be underpriced relative to 2022 levels.
Cointelegraph added that, despite adoption of Ethereum’s layer-2 solutions and institutional inflows, onchain activity appears stagnant, with 2026 bear-market conditions weighing on blockchain demand. It cited competition in areas such as synthetic perpetual futures and automated yield vaults as further headwinds for broader momentum.