Ethereum Reclaims $1,800 as It Secures Leadership in Real-World Asset Tokenization: Focus on Whether the Bull Run Will Continue

On July 10, 2026, Ethereum (ETH) recorded a surge of approximately 3%, reclaiming the psychological resistance level of $1,800. This rise is analyzed to be driven by the strengthening of network dominance in the Real-World Asset (RWA) tokenization sector and steady interest from institutional investors. However, despite the price rebound, on-chain indicators continue to show sluggishness, making the stabilization above $1,800 a key variable for determining short-term direction.

Looking at the price trends from July 9 to 11, 2026, Ethereum's volatility is clearly evident. Starting at $1,750 on July 10, Ethereum soared to $1,810 during the day before closing at $1,800, recording a 2.96% increase in a single day. As of July 11, 2026, Ethereum is maintaining a flat trend around the $1,800 level, struggling to hold onto the previous day's gains.

Ethereum still serves as the center of gravity for Real-World Asset tokenization, occupying nearly half of the market value despite the pursuit of competing chains.

Ethereum holds an unrivaled position in the Real-World Asset (RWA) tokenization market. Although its market share, which once reached 93%, has declined with the emergence of competing chains, it still holds the top spot with 47.9% of the total RWA value as of July 2026. This is an overwhelming figure compared to latecomers such as BNB Chain (12.1%) or Solana (9.8%), suggesting that the on-chain inflow of traditional financial assets is centered around Ethereum.

Divergence Between Institutional Accumulation and On-Chain Indicators

Contrary to the upward price trend, detailed data reveals concerning signals. According to recent reports, while institutional investors' accumulation activity continues actively, on-chain data such as gas usage and the number of active addresses remains relatively weak. This divergence between indicators suggests that the current rally lacks full fundamental support, and some market participants are warning of a potential retest of the $1,700 level.

• Probability of maintaining above $1,750 as of July 11, 2026: 97%
• Probability of reaching above $1,830 as of July 11, 2026: 9%
• Key technical resistance zone: $1,800 – $1,850
• Next major resistance target: $1,950

From a technical analysis perspective, Ethereum must decisively break through the resistance zone between $1,800 and $1,850 to establish a full-scale recovery structure. According to analysis data from July 6 and 8, price consolidation within this range is a prerequisite for stabilizing market sentiment and driving further gains. If Bitcoin maintains its support level and capital inflows into Ethereum ETFs turn positive, the move toward $1,950 is expected to gain more credibility.

In the second half of 2026, the 'Glamsterdam' upgrade, focused on improving scalability and gas efficiency, is scheduled and expected to act as a powerful catalyst. Additionally, the passage of the 'CLARITY Act,' which would provide clarity to the digital asset market, is a crucial variable that will determine further entry by institutional investors. Ultimately, whether Ethereum can break through the $1,800 barrier and enter a long-term bull market will be decided at the intersection of technical resistance breakthroughs and changes in the regulatory environment.