- Ethereum RSI climbs above 54 while MACD flips bullish, hinting at a near-term breakout.
- BlackRock confirms $50M ETH holding; whales add another $50M in rapid on-chain buys.
- BCG estimates tokenization to reach $16.1T by 2030, with ETH at the center of that future.
Ethereum (ETH) is quietly building momentum as institutional interest returns and on-chain accumulation surges. With major institutional investors like BlackRock and Fidelity sweeping up ETH at current levels, the narrative is shifting rapidly toward bold new price targets between $6,000 and $10,000, according to multiple analysts.
On-Chain and Institutional Momentum Align
Whales have been active, with over $50 million in ETH bought within hours. This move follows BlackRock’s confirmed $50M ETH allocation and Fidelity’s renewed ETH strategy, reportedly valuing ETH as “undervalued” per its internal models.
From Sony to Coinbase, and UBS to Wisdom Tree, Ethereum is becoming a cornerstone of institutional digital asset portfolios. According to Boston Consulting Group, the tokenized asset market could hit $16.1 trillion by 2030, with Ethereum well on its way to be the core settlement layer in that financial future.
Related: Buterin Sets Two Key Goals for Ethereum’s Future: Usage Expansion and Resilience
Meanwhile, President Trump’s Digital Assets National Stockpile announcement has reinforced optimism that Ethereum could anchor regulated blockchain finance under favorable U.S. policy.
Technical Setup Suggests Breakout Brewing
The Relative Strength Index (RSI) sits at 54.51, indicating neutral-to-slightly-bullish momentum. It’s bounced from the oversold zone and is now trending above the midpoint, a bullish divergence from the prior price lows in early April.
Related: Vitalik Buterin Proposes Replacing Ethereum EVM with RISC-V for Future Scaling
The MACD has crossed above the signal line with growing green histograms, suggesting a building of bullish momentum. This supports a potential breakout attempt in the near term.
Also, the 1.618 Fib extension at $2,033 is the immediate upside target in a bullish breakout. Further resistances sit at 2.618 ($2,338), 3.618 ($2,643), 4.236 ($2,831)
Short-term price action has hovered around the $1,790 zone, a critical consolidation level. A strong close above $1,845 (local resistance) may confirm a breakout toward $2,000+.
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