The price of Ethereum has recently dropped significantly and fell quickly below 3,000 USD during a period of high volatility. ETH went down to a daily low near 2,870 USD before the price stabilized.
This movement worried short-term traders, but BlackRock believes that Ethereum's long-term value is about more than price movements. The value lies in Ethereum's important role in tokenization.
Ethereum's tokenized future looks bright
BlackRock Thematic Outlook 2026 describes Ethereum as the 'payment highway' for tokenization. The comparison shows that Ethereum is seen as important infrastructure, not just as a speculative asset. As more financial products move onto the blockchain, networks that facilitate issuance, settlement, and compliance benefit.
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The report shows that about 65% of all tokenized assets are now on Ethereum. This dominance makes the network almost monopolistic in the tokenization market. The growth of stablecoins already shows how tokenization is being used in practice. As more people use Ethereum, the network's demand is likely to increase.
Ethereum already dominates the RWA market.
The market for real-world assets strengthens this picture. Tokenized RWAs have recently reached a new record value of about 21 billion USD in total locked volume. Ethereum accounts for nearly 11.6 billion USD, or around 55% of the entire RWA market.
This concentration shows that Ethereum's advantages are growing and not diminishing. Issuers and institutions often choose places where there is already liquidity, tools, and security. This makes the network even stronger. Investors seem to understand that Ethereum's leadership in RWAs could become even clearer as tokenization grows in the world.
Long-term holders seem to agree with this structural development. Data from the blockchain shows that long-term holders are now increasing their holdings of Ethereum. The selling pressure from this group has decreased after several weeks of selling. Instead, they have started to buy more, showing renewed faith in Ethereum.
Long-term holders typically react to fundamental changes, not short-term price movements. Their resumption of buying indicates confidence in Ethereum's role in financial infrastructure. Less selling among these holders may help ETH stabilize and support a rise above key psychological levels.
Ethereum is trading near 2,997 USD as this text is written, after recently bouncing back from around 2,870 USD. The price is just below 3,000 USD, a level that many traders are closely monitoring. If the price holds here, it means that downward pressure has diminished as buyers return.
BlackRock recognizes Ethereum's role in tokenization, which could affect sentiment. Increased confidence may help ETH reclaim 3,085 USD as resistance. If the price rises further, it could reach 3,188 USD and recover a larger portion of the recent losses.
The downside risk seems low right now. A negative scenario requires ETH to fall below 2,925 or 2,885 USD. If these support levels are lost, Ethereum could drop to 2,796 USD. But stronger macro signals and long-term accumulation reduce the risk of such a fall.