First U.S. Stock and ETF Tokenized on Public Blockchain
- Tokenization Innovation: Ondo Finance has successfully tokenized BlackRock's iShares Core S&P 500 ETF (IVV) and Micron (MU) stock within the U.S. regulatory framework for the first time, marking a significant advancement in U.S. securities tokenization that is expected to attract more investors.
- Partnership Benefits: The collaboration with Broadridge Financial Solutions ensures that token holders enjoy voting rights and shareholder communications, which not only enhances the appeal of tokenized stocks but also boosts investor confidence in this new model.
- Compliance Assurance: Ondo's tokenization model adheres to SEC guidelines, ensuring that the underlying shares remain within the U.S. custody system while the tokens are backed 1:1 on the Ethereum blockchain, thereby providing compliance and security that opens new investment channels for the market.
- Market Leadership: Ondo Finance has become the largest tokenized securities platform globally, and this expansion into the U.S. market further solidifies its leadership position, signaling the maturation and development of tokenized securities within traditional financial infrastructure.
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Technical Analysis for ETH
Technical Sentiment Analysis for Ethereum (ETH). As of , Ethereum (ETH) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 2 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ETH stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, ETH is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Ethereum (ETH) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 1211.221 | 1361.611 | 1506.871 | 1657.261 | 1802.521 | 1952.911 | 2098.171 |
| Fibonacci | 1361.611 | 1474.549 | 1544.322 | 1657.261 | 1770.199 | 1839.972 | 1952.911 |
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