Ethereum climbs 3% on tokenization boom: Can bulls push ETH price past $1,800?
Ether rose 3% over Thursday-Friday, beating the broader crypto market, helped by tokenization growth, Robinhood Chain’s launch, and continued corporate treasury buying. Robinhood Chain uses ETH as gas and has already attracted $106 million in bridge deposits, while Ethereum remains the leading blockchain for real-world assets with about 47% market share. ETH also looks cheap relative to network activity: Ethereum TVL has climbed to about $260 billion, above ETH’s $210 billion market cap. Still, upside is capped by weak usage and trading signals. Ethereum DApp revenue fell to about $11 million weekly from $20 million in Q1 2026, active addresses dropped to 3.2 million, and ETH perpetual funding eased to 3%, showing limited bullish leverage demand. Institutional accumulation, especially by BitMine, remains a strong support factor. Overall, the signals are mixed, and a clear retest of $1,700 is not strongly supported.
