Ethereum is trying to retain a key $3,600 support level after a modest pullback from recent highs. Despite the short-term fixes, ETH is one of the most powerful performers in the Crypto market, and has skyrocketed over 85% since late June. The bull continues to show strength, supported by weeks of sustained purchasing pressure and growing investor confidence.
Amidst current market uncertainty, Ethereum’s foundations remain strong. The network has gained a great boost from US legal clarity, giving institutional players the confidence to engage with ETH. At the same time, adoption continues to expand globally as Ethereum leads the real-world asset (RWA) tokenization space.
On-chain data also points to a strong accumulation from large owners, indicating that smart money continues to bet on Ethereum’s long-term potential. Whale activity and healthy on-chain metrics suggest that recent corrections could simply be a consolidation stage before another leg is high.
Ethereum’s dominance in the RWA market will strengthen long-term growth
According to top analyst Ted Palm, Ethereum currently holds an 83.69% share of the market capitalization of the total real world assets (RWA) by the chain, highlighting its dominant position in one of the fastest growing sectors of crypto. The commander further cemented Ethereum’s role as the foundational layer of tokenized real-world assets, including Stablecoins, Government Bonds and Private Securities.
This trend began to accelerate significantly, especially in April 2025, renewing the sudden price surge for Ethereum and investor confidence. The alignment of strong price action with on-chain expansion into tokenized finance reflects both speculative interest and long-term utility growth.
The RWA has become the focus of institutional interest, with stablecoins leading the charges. Analysts see the Stablecoin sector as the most likely on-ramp of real-world value to the blockchain ecosystem over the next decade. Ethereum, which has long supported the largest supply of stubcoin, including USDT and USDC, is set to lead the field alongside Tron.
However, the advantage of Ethereum lies in its complexity and integration, allowing for a more complex and scalable RWA infrastructure. As regulations become more clear and financial institutions move towards issuance on the chain, Ethereum is positioned to gain even more market share.
When it comes to a multi-trillion dollar industry as RWA tokenization is predicted, the benefits and network effects of Ethereum’s initial driving may prove important. The data not only support bullish long-term narratives, but also suggest that Ethereum’s domination in RWAS could be one of the key catalysts for the next major cycle.
The weekly chart shows strong breakouts and support recovery in the pullback
Ethereum’s weekly chart shows a strong move above the $3,000 level, then a breakout towards $3,860 before facing resistance, with a 6.7% revision of $3,614. Despite recent decline, the whole picture remains structurally bullish. ETH recovered the 100-week and 200-week moving averages ($2,707 and $2,435, respectively). Beyond these levels, there is a potential long-term trend reversal from last year’s lowest.
Volume surged during the breakout, suggesting strong demand rather than speculative purchases. The $2,852 level now serves as the main weekly support to monitor. This reinforces its importance. If ETH holds this support in the next retest, the Bulls could target another move to $4,000.
Over $3,860 each week will mark new highs throughout the year, paving the way for retesting the last seen $4,500-$5,000 zone in late 2021. However, it could not regain the $3,850 range, which could quickly lead to pullback and horizontal integration.
Dall-E special images, TradingView chart
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