Ethereum just secured tokenized euro cash funding from Amundi, but traders say the company’s BTC pair is building the foundation for a rally. The on-chain fund launch and bullish ETH/BTC structure taken together indicate that both institutions and charts are leaning towards Ethereum at the same time.
Amundi publishes shares of Eurocash Fund on Ethereum
Amundi, Europe’s largest asset management company, started It was the first tokenized share class for Euro money market funds on the Ethereum blockchain, making it one of the most high-profile on-chain fund movements in the region to date. This product uses AMUNDI FUNDS CASH EUR money market funds and the first on-chain transaction went live on November 4, 2025.
The new ‘J28 EUR DLT’ share class records fund units and transactions directly on Ethereum, while the underlying UCITS fund structure, euro-denominated assets and NAV calculations remain within Amundi’s existing regulatory framework. Subscriptions, redemptions, and ownership records are performed through smart contracts and a tokenization stack built with European asset services group CACEIS, which also provides investor wallets and digital order routing.
Ethereum will serve as the payment and registry layer for this share class, offering blockchain-based options alongside traditional channels for distributors and institutional investors. Amundi and CACEIS say the hybrid setup is designed to streamline order processing, improve traceability of on-chain units, and support around-the-clock execution as rules and market plumbing catch up with tokenized fund operations.
With this launch, Amundi will partner with Franklin Templeton, UBS Asset Management, black rock. Industry data shows that tokenized money market and government bond products are rising to the multi-billion dollar range by 2025, highlighting that Ethereum is becoming an important venue for institutional tokenization.
Ethereum builds a range on rising break tips
Ethereum, on the other hand, is trading within a descending channel after a historic 144% swing highlighted on the chart, followed by a long correction from its March 2025 highs. The 3-day candlestick is compressing near multi-month horizontal support between 0.03237BTC and 0.02601BTC, indicating a defined institutional band that is considered a downside depletion area.
ETH/BTC 3-day chart. sauce: CryptoMichNL
The upper indicator panel on the chart shows that the RSI is sliding from the above 60 zone to lower levels, reflecting weakness in momentum during a downtrend. As price has rebounded recently, ETH is above the rising 50-period EMA and is curving upwards around 0.027 on the vertical axis, acting as dynamic short-term support.
Analyst CryptoMichNL then posted, “ETH looks poised for the next bull market.” The 3-day chart then showed an even higher low forming during the consolidation. The price also broke above the descending resistance line that had been holding back the rally. As a result, the pattern indicates a possible continuation on higher timeframes.
However, resistance remains near the upper bound of the recent channel around 0.03315 BTC. if Ethereum Once that zone is completely cleared, the next pocket of liquidity on the chart will align towards the previous swing high where the seller intervened earlier. Yet this movement is conditional on pattern completion, not narrative opinion.
