Ethereum (ETH) has recently shown remarkable strength, breaking through the $2500 mark with an increase of nearly 40%. Whales continue to accumulate coins, and the Pectra upgrade has driven active staking. The staking feature introduced by BlackRock's proposal for the Ethereum ETF could become the next key catalyst, pushing Ethereum to meet the $3000 challenge.
Ethereum price rebounds rapidly: strong buying behind $2500
In just a few days, the price of Ethereum surged from $1812 to $2584, an increase of 42%. This upward trend formed a strong bullish signal—the 'Triple White Soldier' pattern, indicating strong buying pressure and suggesting the possibility of further increases.
Technically, Ethereum has successfully broken through the March high of $2517, forming a **'U-shaped bottom' pattern, which usually signals the beginning of a trend reversal. Currently, the ETH price stabilizes around $2500, with bullish sentiment high, and it is likely to break through further, targeting $3000**.
From 'U-shaped bottom' to $4570: the future upward potential is considerable
Based on technical analysis, if ETH successfully breaks through the current price range and continues to rise, there could be an 81% increase in price, challenging $4570. This target aligns with market analysts' predictions of a significant rise in ETH prices by 2025.
Moreover, ETH has already stood above the 200-day exponential moving average (EMA), which is a key turning point for bullish trends, providing strong support for the upward movement. However, the relative strength index (RSI) has also entered the overbought zone, signaling that the market may face a short-term correction.
Four key factors driving ETH to break through $3000
1. Whales accelerate coin accumulation, market confidence evident
Recently, the market landscape for Bitcoin and Ethereum has changed. In particular, among whale wallets holding between 10,000 to 100,000 ETH, buying activity has become increasingly concentrated. This is often driven by strong confidence in future market trends from large funds, and historically, similar whale accumulation has brought significant upward potential to the market.
2. The Pectra upgrade supports staking growth, releasing bullish signals
The successful activation of more staking demand through Ethereum's Pectra upgrade has significantly increased the amount of locked ETH, indicating that investors have strong confidence in the long-term sustainability of the Ethereum network. The growth in staking also means a reduction in the circulating supply of ETH in the market, further aiding in the price increase of ETH.
3. The tokenization of real-world assets (RWA) is making breakthroughs
In May, the Ethereum network achieved breakthroughs in the tokenization of real-world assets (RWA). The price of U.S. Treasury bond tokens on the Ethereum mainnet surged by 12%, with the total scale breaking through $5 billion for the first time. This progress demonstrates the importance of Ethereum as financial infrastructure, with more and more institutions relying on Ethereum for asset allocation, driving ETH's market demand.
4. BlackRock Proposal: Ethereum ETF staking feature leads institutional trends
One of the largest asset management companies in the world—BlackRock—is promoting a revolutionary proposal: to introduce staking features for the Ethereum ETF. If approved, the expected annualized staking yield for the ETH ETF could reach 3.2%. This potential return rate will attract a large number of institutional investors into the market, further driving up the demand and price of ETH.
Robert Mitchnick, head of BlackRock's digital asset division, pointed out: 'The staking feature will greatly enhance investor interest, making the Ethereum ETF a hot product in the market.' If this proposal goes through, the Ethereum ETF could offer not only capital appreciation but also passive income for investors, making Ethereum a tool similar to traditional financial products.
ETH challenges $3000, with huge potential
With the upgrade of technology, the accumulation of coins by whales, and the promotion of institutional proposals, the price of Ethereum has remained strong after breaking through $2500. In the future, as market sentiment continues to warm up, the possibility of ETH challenging the $3000 mark is increasing.
Overall, ETH stands at a historical crossroads. Whether through changes in market supply and demand or participation from institutional investors, it shows tremendous growth potential. In the coming months, with further developments in staking and ETFs, Ethereum is likely to see even greater breakthroughs, challenging higher price targets.
