Ethereum News Today: Ethereum's $201B Tokenized Asset Lead Contrasts with Price Pressures as Institutions Bet Big

Ethereum's growing dominance in the tokenized asset landscape is reshaping how investors value its network fundamentals and its native token, Ether (ETH). As of Nov. 11, tokenized assets across all blockchains amount to roughly $314 billion, with Ethereum accounting for $201 billion-nearly two-thirds of the market. This underscores its leading role as the most utilized settlement layer in crypto in 2025. Institutional adoption has accelerated, with onchain fund assets under management (AUM) surging by nearly 2,000% since January 2024, driven by entrants like BlackRock and Fidelity.

However, Ethereum's price remains under pressure as heavy exchange outflows and failed breakout attempts threaten a broader breakdown. ETH trades around $3,590, still trapped under a descending trendline that has rejected every rally since early October according to technical analysis. The 20-day EMA and Supertrend zone between $3,880 and $4,070 act as critical resistance, with a sustained close above $4,070 needed to confirm a structural shift. Meanwhile, net inflows onto centralized exchanges-$282 million as of Nov. 11-signal traders are positioning to sell into strength, complicating bullish momentum.

Stablecoins continue to anchor Ethereum's network economy, with USDT and USDC maintaining deep liquidity pools across decentralized finance (DeFi), cross-border payments, and exchanges. These tokens have processed $18 trillion in volume over the past 12 months, surpassing Visa's annual throughput. Meanwhile, tokenized real-world assets (RWAs) on Ethereum have grown to $12 billion, representing 34% of the global RWA market. This diversification of tokenized assets highlights Ethereum's expanding utility beyond mere settlement layers.

Derivatives data reveals a mixed picture for ETH. Open interest remains elevated at $40.67 billion, but long-to-short ratios above 2.5 on major exchanges suggest concentrated leverage at resistance levels. A failed breakout could trigger cascading liquidations, further pressuring the price. Yet, institutional confidence in Ethereum's infrastructure persists. Fidelity Digital Assets noted that stablecoins and RWAs are "some of the most noteworthy developments in digital assets," signaling long-term optimism.

Analysts remain divided on Ethereum's near-term trajectory. While tokenized assets and institutional AUM growth point to a stronger foundation, technical indicators suggest caution. ETH's inability to reclaim the 50-day EMA ($3,893) or 100-day EMA ($3,881) reinforces a defensive market sentiment. For now, the 200-day EMA at $3,596 acts as a key support level, with repeated tests likely to reinforce its role as a floor according to technical analysis.