The price of Ethereum has just experienced a sharp decline, temporarily falling below the 3,000 USD level during a period of high market volatility. ETH dipped to an intraday low near 2,870 USD before the price began to stabilize.
Although this movement raises concerns for short-term traders, BlackRock points out that the long-term value of Ethereum lies in its crucial role in tokenization, not just in price movements.
The future of Ethereum's tokens in Thailand looks bright.
BlackRock's Thematic Outlook 2026 describes Ethereum as a "toll road" for tokenization, emphasizing its role as a critical infrastructure rather than merely a speculative asset. As various financial instruments are increasingly brought onto the blockchain, networks supporting asset issuance, price settlement, and regulatory compliance will benefit structurally.
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According to the report, about 65% of all currently tokenized assets are on Ethereum. This advantage gives the network a significant monopoly status in the tokenization market. The growth of stablecoin usage reflects the real-world application of tokenization. As acceptance expands, Ethereum has the potential to continuously meet network demands.
Ethereum dominates the RWA market now.
The real-world asset market reinforces this, as tokenized real-world assets (RWA) have reached a new all-time high of around 21 billion USD in total value locked. Ethereum holds a share of approximately 11.6 billion USD, accounting for about 55% of the entire RWA market.
Such concentration indicates that Ethereum's advantage is multiplying, not diminishing, as token issuers and institutions often choose to innovate on networks with liquidity, tools, and security already in place. This dynamic further enhances the network's influence. Investors seem to be well aware that Ethereum's leadership in RWA may strengthen as tokenization expands globally.
The behavior of long-term holders aligns with this structural view, as blockchain data indicates that Ethereum's net status change has returned to positive among long-term holders. Selling pressure from this group has begun to decrease after several weeks of profit-taking, and now accumulation is occurring instead of selling, indicating new confidence.
Long-term holders tend to react more to developments in fundamental factors than to short-term price volatility. Therefore, this change of heart to buy again reflects confidence in the role of Ethereum in financial infrastructure. At the same time, reduced selling pressure from this group of holders may help stabilize ETH and return it above significant psychological levels.
Ethereum is trading near 2,997 USD at the time of writing this article, having bounced back from the recent low of around 2,870 USD. The current price is slightly below the significant resistance at 3,000 USD, a level closely monitored by traders. This stability indicates that downward pressure has weakened as buyers begin to re-enter the market.
BlackRock's endorsement of Ethereum's role in tokenizing real estate may be a significant driver of confidence. With this growing confidence, ETH may be able to reclaim the resistance at 3,085 USD again, and if the price stays above this level, the upward climb to the target of 3,188 USD becomes more likely, which would help Ethereum recover part of its recent correction.
Ethereum's downside potential currently appears limited considering the current market conditions. A bearish scenario would only occur if ETH drops below 2,925 USD or 2,885 USD. Therefore, if the price breaks these support levels, Ethereum could drop to 2,796 USD. However, improving macro signals and long-term accumulation are likely to reduce the chances of such an event.