ETH Stuck at $2,100 While Leading RWA Growth — SEC Tokenization Could Be the Catalyst

Ethereum is rangebound at the $2,100 zone following an 8% drawdown last week, even as the broader real-world asset sector crossed $62 billion in total market cap — with ETH commanding a 33% share, well ahead of Provenance Blockchain at 27% and BNB Chain, XRP Ledger, and Solana each at roughly 6%. The RWA market surged more than 60% in mid-April as traditional asset managers accelerate their onchain migration, and Ethereum remains the default infrastructure layer for that activity.

SEC tokenization initiatives moving through the legislative pipeline could amplify institutional onchain flows, and Ethereum's infrastructure maturity positions it as the primary beneficiary. That thesis, however, has yet to show up in price. ETF outflows remain a persistent headwind, and whale accumulation signals have been mixed.

Technically, $2,100 is the key resistance-turned-support flip level. A…