Ethereum price is coiling. Trading above $2,300, ETH is holding above recent support as tokenized U.S. Treasuries on the network just crossed $8 billion for the first time in history. This is a milestone that reframes the story. Token Terminal data confirms the figure doubled within six months. For context, the same asset class crossed $1 billion as recently as Q4 2024. So, this is an 8x expansion in just 18 months. Tokenized US treasuries, Ethereum, TokenTerminal Ethereum isn’t just a trading vehicle; it’s becoming core financial infrastructure. The Bridge stablecoin also launched on Ethereum this week, adding another liquidity layer to a network that has been accumulating stablecoins at a pace that’s frankly difficult to overstate. Institutional accumulation signals have been building quietly behind the headline volatility, too. Discover: The best crypto to diversify your portfolio with Can Ethereum Price Reclaim $2,500? CoinGecko data shows ETH’s daily volume contracted to the $20 billion area with a weekly recovery of 3%, showing that buyers are testing the range floor with intent. Year-over-year, ETH is up 26% from its May 2025 level of $1,700-$1,800, which puts the current price in a structurally stronger position than the charts imply. The immediate support sits at $2,200, the April 29 low. Resistance clusters near $2,400, then the psychologically significant $3,000 zone. The all-time high of $4,950 represents a -39% drawdown from the current price as a gap that looms large on any longer-term chart. Ethereum (ETH) 24h 7d 30d 1y All time When, not if, volume returns, ETH could easily clear $2,500 resistance and target $3,000, driven by institutional flows tied to the tokenization narrative. But a close below $2,200 could reopen downside toward the $2,000 handle. The tokenized Treasury milestone doesn’t guarantee a price move. But it does suggest the floor is better-supported than raw price action implies. Discover: The best pre-launch token sales Bitcoin Hyper Targets Early-Mover Upside as Ethereum Tests Key Levels Ethereum at $2,300 is a recovery play, but recovery from a -39% drawdown to ATH means even a strong bull run leaves substantial time and capital at work before significant gains materialize. Traders sizing up risk-reward ratios are increasingly looking at earlier-stage infrastructure plays where the upside math looks different. Bitcoin Hyper ($HYPER) is one project drawing serious presale volume in that context. It’s positioning as the first-ever Bitcoin Layer 2 with Solana Virtual Machine (SVM) integration. Hyper targets Bitcoin’s core limitations like slow transactions, high fees, and no programmability, while preserving Bitcoin’s security model. The performance is aggressive: faster execution than Solana itself, via extremely low-latency Layer 2 processing paired with a Decentralized Canonical Bridge for BTC transfers. The presale numbers are concrete. $32.6 million raised at a current price of $0.0136 , with staking rewards available for early participants. Research Bitcoin Hyper before the presale stage concludes. The post Ethereum Price Coiling: The Network Hit $8 Billion Tokenized U.S. Treasuries Milestone appeared first on Cryptonews .
