Ethereum Hits $8B Tokenized Treasury Milestone as ETH Coils Above $2,300!

Tokenized U.S. Treasuries on Ethereum crossed $8 billion for the first time in history, a figure that Token Terminal confirms doubled within six months. For context, the same asset class crossed $1 billion as recently as Q4 2024 — representing an 8x expansion in roughly 18 months. The milestone reframes Ethereum's role: not merely a trading venue, but core financial infrastructure absorbing institutional capital at scale.

Price action reflects that structural build-up. ETH is trading above $2,300 with immediate support at $2,200 — the April 29 low — and resistance clustered near $2,400, then the psychologically significant $3,000 zone. CoinGecko data shows daily volume contracted to the $20 billion area, but a 3% weekly recovery and year-over-year gains of 26% from the $1,700–$1,800 May 2024 range put the current price in a structurally stronger position than raw charts imply.

The…