ETH Eyes $10,000 Breakout as Tokenized Assets Hit $12.5 Billion

• Ethereum hosts $12.5 billion in tokenized real-world assets, representing over 65% of the market. According to analysis
• Stablecoin issuance on Ethereum surpassed $59 billion, accounting for 62% of the total stablecoin market. According to reports
• Despite strong fundamentals, ETH's price declined nearly 10% in 2025 due to a shift to inflation after the Dencun upgrade. Market data shows
• Analysts see a potential breakout to $10,000 if ETH holds above key resistance at $3,060. Technical analysis indicates

Ethereum (ETH) enters 2026 with a paradox: on-chain fundamentals show robust growth in tokenized assets and stablecoins, yet the price remains 40% below its all-time high. This divergence stems from a shift in token economics after the Dencun upgrade, which introduced inflation and weakened the "ultrasonic money" narrative. Capital flows doubled compared to Bitcoin in 2025, signaling strong institutional interest. Still, technical indicators suggest a potential breakout if key resistance levels break.

Why Are Ethereum's Price and Fundamentals Diverging?

The Dencun upgrade's EIP-4844 significantly altered ETH's tokenomics by increasing data availability. This technical shift reduced demand for block space and slashed ETH burning rates, moving the network from deflation to mild inflation. According to experts, the "ultrasonic money" narrative that previously attracted investors has weakened substantially. Investor exits accelerated amid this tokenomic shift despite expanding Layer 2 activity. This divergence creates a potential buying opportunity for long-term believers.

How Could Tokenized Real-World Assets Propel ETH?

Ethereum dominates real-world asset tokenization with $12.5 billion in value, capturing 65% of the market. According to market analysis. Major institutions like JPMorgan Chase leverage Ethereum for tokenized money market funds, including its MONY product. Stablecoin issuance hit $59 billion on the network, reinforcing its position as the backbone for programmable finance. Regulatory clarity through potential U.S. legislation could accelerate institutional adoption further. This could drive adoption in the coming months.

What Are Ethereum's Key Price Levels for 2026?

ETH currently consolidates near $3,000, with $3,060-$3,075 representing critical resistance. According to technical analysis. A sustained breakout above this zone could trigger momentum toward $10,000 according to analysts. Support sits at $2,971 and $2,775, with a breakdown risking deeper correction. Price action remains sensitive to Bitcoin's performance and macroeconomic factors like central bank policies. Market analysis shows that traders await decisive moves above or below the tightening range.