Ethereum, the turning point before the $2,400 resistance… Institutional buying · Growing demand for tokenization

Ethereum (ETH), what are the reasons behind facing the $2,400 resistance level and the next turning point?

Ethereum (ETH), although following Bitcoin’s rebound, still lags behind

Ethereum (ETH) is currently trading at $2,354, up 1.78% intraday. While it moves in tandem with Bitcoin (BTC), it remains over 50% below its all-time high of $4,700. In contrast, Bitcoin (BTC) has rebounded to around $80k, approximately a 27% increase from its February low this year. From a price trend perspective, Ethereum (ETH) appears comparatively weaker.

Tokenized assets and institutional buying sustain Ethereum (ETH) demand

According to data from Token Terminal on the 13th, Ethereum currently accounts for 95.9% of all tokenized commodities. The total market value of these digital assets is $5.1 billion, more than tripling over the past year. Analysts believe this is due to increasing economic uncertainty, prompting funds to flow into tokenized assets as a safe-haven alternative. Factors such as 24-hour trading, small-scale diversified investments, and the operability of DeFi also contribute to rising demand.

Institutional demand has also been confirmed. BitMine recently announced an additional purchase of over 100k Ethereum (ETH), worth about $240 million. This marks the third consecutive week of similar-scale buying, emphasizing that the company has become the world’s first “Ethereum financial company.” On the development front, over 100 Ethereum developers recently gathered at the Solldogn Interop event to discuss technical goals for the next “Glamsterdam” upgrade. Transparency, scalability, and privacy enhancement were listed as core topics, with the subsequent “Hegota” upgrade also mentioned.

The short-term key level is $2,400, with long-term expectations still in place

Analyst Michaël van de Poppe believes that although Ethereum (ETH) appears to lag behind Bitcoin (BTC), its rebound could be more significant once the altcoin market fully kicks in. CryptoQuant also analyzed that funds flowing into accumulation addresses are increasing, indicating investor expectations of future price rises.

From a technical perspective, whether ETH can break through the $2,400 resistance with strong trading volume is a short-term watershed. If successful, it could open space toward $2,550, but if it fails, a pullback to around $2,270 may occur. To achieve larger gains, a breakthrough above $4,350 is needed, potentially pushing the long-term target to $10k. However, the mainstream market view currently considers Ethereum (ETH) to be more about consolidating its “fundamental strength.”

Summary by TokenPost.ai 🔎 Market Analysis Ethereum, although following Bitcoin’s rebound, is recovering more slowly. However, the rapid growth of the tokenized asset market and continuous institutional buying indicate a solid structural demand foundation.

💡 Strategy Highlights In the short term, whether ETH can break through the $2,400 resistance is a critical watershed; a breakout would open further upside potential. On the downside, the $2,270 support level is crucial. Currently, compared to trend reversal, adopting an “accumulation zone” strategy is more effective.

📘 Terminology Explanation Tokenized assets: Investment forms that convert physical assets into blockchain-based digital tokens Accumulation addresses: Investor wallets aimed at long-term holding, seen as signals of accumulation Resistance level: A price zone where upward movement faces selling pressure and difficulty breaking through

💡 Frequently Asked Questions (FAQ)

Q. Why is Ethereum’s price increase lower than Bitcoin’s? Ethereum remains over 50% below its all-time high, while Bitcoin has rebounded strongly, leading the market trend. However, according to market cycles, when funds shift to altcoins, Ethereum may experience larger gains. Q. Why is the $2,400 level important? $2,400 is a resistance zone with strong selling pressure; breaking through this level would signal a trend reversal. If successful, it could further rise to $2,550; if not, a short-term correction may continue. Q. Why are institutional buy-ins an important signal? Large-scale purchases by institutions indicate confidence in long-term value appreciation. Especially when sustained, they are seen as strategic accumulation rather than short-term speculation, sending a positive signal to the overall market.

TP AI notes: The article has been summarized using the language model based on TokenPost.ai. The main content may be omitted or inconsistent with facts.