Ethereum News: ETH Consolidates at $2K Support; Tokenized Assets Market Booms

In the latest developments in the cryptocurrency market, Ethereum (ETH) has found support at the critical $2K level following a significant correction. Meanwhile, the tokenized assets market has surpassed a major milestone.

Ethereum Price Analysis: Has ETH Found Support at $2K?

Ethereum’s price is experiencing consolidation following a deep correction over the past month. The critical $2K support range holds significance, having acted as a strong support zone since December 2023. If ETH breaks below this, a notable downward trend may follow. However, given the historical demand, the market is likely to consolidate with potential short-term bullish retracements.

Tokenized Assets Market Surpasses $50 Billion, $2 Trillion by 2030 Possible?

The market for tokenized assets has grown rapidly, surpassing $50 billion. Real estate tokenization accounts for $30 billion of this total. Financial analysts predict the market could reach $2 trillion by 2030. Debt tokenization is also on the rise, with Deutschland leading the way in tokenized bond issuance, accounting for nearly 60% of the total. The European Investment Bank has issued a €100 million digital bond on Ethereum.

Ethereum Whales Accumulate Millions of Tokens: ETH Price Surge on the Way?

Large investors bought around $2.4 billion worth of ETH in 48 hours, potentially triggering an upward price pressure. Some analysts see ETH in an accumulation phase, with targets reaching $9,000, while historical patterns suggest a strong Q1 performance similar to past bull cycles. Despite its brief price spikes in the past few weeks, Ethereum (ETH) remains one of the disappointments of this bull run, currently trading at approximately $2,200, representing a 42% decline on a yearly scale. However, some factors suggest there might be room for growth.

Ethereum Bullish Outlook: Analyst Predicts Another Leg-Up

Crypto analyst Titan of Crypto has provided a bullish outlook for Ethereum (ETH), assuring that it is not dead. The analyst highlighted a broadening wedge pattern, indicating that the second largest crypto by market cap could soon experience another price increase. Titan of Crypto noted that ETH has revisited the reload zone, a prime area for professionals to long or buy back ETH. Smart money is reportedly focused on this zone.