- Ethereum surged to $2,800 after record-breaking $125M ETF inflows, with BlackRock alone investing over $80M.
- Analysts now eye a potential breakout toward $10K as institutional demand and bullish sentiment grow rapidly.
BlackRock’s Massive Buy-In Sparks Ethereum Surge
ETH is turning heads once again as it soared to $2,800, marking a new three-month high and reigniting bullish optimism across the crypto market. This resurgence was supercharged by an influx of institutional capital—most notably a jaw-dropping $125 million in a single day into Ethereum ETFs. Leading the charge was BlackRock, the world’s largest asset manager, which alone contributed a staggering $80.6 million
ETF Momentum Signals a Bullish Breakout
Investor sentiment surrounding ETH has shifted dramatically thanks to this ETF rally. According to Farside Investors, Ethereum ETFs have consistently drawn double-digit million-dollar inflows since mid-May. These rising inflows signal that Wall Street is waking up to Ethereum’s long-term value. Analysts are now eyeing a potential breakout, with many pointing to $4,000 as the critical resistance level before the next major leg up.
Also read: Bitcoin Eyes $110K as US-China Trade Deal and Cooling CPI Spark Market Rally
“$10K Is Not a Dream – It’s a Setup”
Crypto analyst Merlijn echoed the growing excitement, telling his 386.5K followers on X, “Ethereum smashed through $1.4K & $2.2K like paper… $10K is not a dream—it’s a setup.” This sentiment is increasingly echoed across the market, especially as Ethereum continues to hold strong support at $2,400, retested for the third time in just 30 days.
Altcoin Season Heating Up
As Ethereum leads the way, many traders believe altcoin season is just beginning. The massive ETF interest and institutional accumulation paint a bullish picture not just for Ethereum, but for the broader crypto market.
Ethereum Poised for Price Discovery
With ETFs fueling demand, whales accumulating, and resistance levels being tested, ETH may be preparing for a monumental rally. If the $4K resistance breaks, analysts say we could see a rapid price discovery phase—and $10K ETH might move from dream to reality.
