Ethereum is trading around $1,937, down roughly 1% on the day, as the market consolidates following a sharp early-February sell-off.
Summary
- Ethereum is trading near $1,937, consolidating below the key $2,000 level after a sharp early-February sell-off, with the broader trend still bearish on the daily chart.
- ETHZilla has launched the first tradable tokenized aviation asset on Ethereum, backed by jet engines leased to a major U.S. airline, expanding the network’s real-world asset (RWA) footprint.
- Technical indicators show ETH below its 50-day SMA near $2,799, with support at $1,900 and $1,800, while resistance stands at $2,000 and $2,200.
The price action comes as ETHZilla announced the launch of the first-ever tradable tokenized aviation assets on the Ethereum (ETH) network, highlighting the blockchain’s expanding role in real-world asset (RWA) tokenization.
ETHZilla brings aviation assets on-chain
ETHZilla revealed the launch of Eurus Aero Token I, a tokenized aviation product backed by jet engines currently leased to a leading U.S. air carrier. The asset offers fractional exposure to income-producing aircraft engines and is issued on Ethereum infrastructure.
The product targets accredited investors and aims to provide returns through lease-generated cash flows. By deploying the asset on Ethereum, ETHZilla is leveraging the network’s smart contract capabilities for transparency, automated distributions and on-chain verification.
The move adds to a growing trend of institutions using Ethereum as a settlement layer for tokenized real-world assets.
Ethereum price action: Bearish structure remains
According to the TradingView daily chart, Ethereum remains in a clear short-term downtrend.
ETH is trading well below its 50-day Simple Moving Average (SMA), currently positioned near $2,799, signaling that broader momentum remains bearish.
The chart shows a series of lower highs and lower lows since mid-January, with a steep breakdown occurring in early February that pushed the price below the $2,400 and $2,200 levels.
A sharp wick toward the $1,800 zone marked a recent swing low before buyers stepped in. However, the rebound has been modest, and price is now consolidating just below the psychological $2,000 level.
The Chaikin Money Flow indicator sits around -0.04, hovering near neutral but still slightly negative. This suggests capital inflows have not yet decisively returned, reinforcing cautious sentiment.
Immediate support lies near $1,900, followed by the recent swing low around $1,800. A break below that zone could expose further downside toward the mid-$1,700 range.
On the upside, ETH faces initial resistance near $2,000, with stronger resistance around $2,200. A sustained move above those levels would be needed to challenge the declining 50-day SMA near $2,800.