ETHZilla launches tokenized jet-engine assets on Ethereum — what it could mean for ETH Ethereum is trading around $1,937, down roughly 1% on the day, as markets consolidate after a sharp sell-off in early February. The price action coincides with ETHZilla’s announcement that it has launched the first tradable tokenized aviation assets on the Ethereum network — a development that underscores Ethereum’s growing role in real-world asset (RWA) tokenization. What was announced ETHZilla unveiled Eurus Aero Token I, a tokenized aviation product backed by jet engines currently leased to a major U.S. air carrier. The token provides fractional exposure to income-producing aircraft engines and is issued on Ethereum infrastructure. Marketed to accredited investors, the product aims to deliver returns through lease-generated cash flows while leveraging Ethereum’s smart contract features for transparency, automated distributions and on-chain verification. Why it matters The move reinforces a broader trend of institutions using Ethereum as a settlement and record-keeping layer for tokenized RWAs. By putting income-producing aviation assets on-chain, ETHZilla is tapping Ethereum’s capacity for programmability and auditing — features that can simplify dividend/distribution mechanics and provide clearer ownership records to investors. For Ethereum, wider adoption of tokenized RWAs could create more on-chain activity and utility over time, though any direct near-term price impact remains uncertain. Technical snapshot for ETH - Trend: Short-term price action remains bearish. ETH is trading well below its 50-day simple moving average (SMA), which sits near $2,799. - Price structure: The chart shows a series of lower highs and lower lows since mid-January, with a steep breakdown in early February that pushed ETH beneath the $2,400 and $2,200 levels. - Recent action: A sharp wick down toward the $1,800 area marked a swing low before buyers stepped in; the subsequent rebound has been modest and price is now consolidating just under the psychological $2,000 mark. - Flows: Chaikin Money Flow is around -0.04 — near neutral but slightly negative — suggesting capital inflows have not decisively returned. - Key levels: Immediate support sits near $1,900, with a deeper floor around the recent $1,800 swing low; a breach below that could open the mid-$1,700s. On the upside, resistance appears at $2,000 and $2,200, with a sustained move above those needed to test the declining 50-day SMA near $2,800. Bottom line ETHZilla’s Eurus Aero Token I is another sign that tokenization is moving beyond pilot projects into marketable, income-bearing products on Ethereum. While that could be a constructive long-term use case for the network, technical momentum for ETH remains cautiously bearish in the near term. Read more AI-generated news on: undefined/news