Ethereum Eyes a Push Toward $4,800 as BlackRock Pushes for Staking in Spot ETH ETF ⋆ ZyCrypto

Ethereum Futures ETFs Falter Following Launch, Sparking Concerns For Bulls

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Ethereum (ETH) continues to hold strong above the key $3,500 level, fueling bullish momentum that could set the stage for a retest of its $4,878 all-time high (ATH).

Calling out this development, HolderStat noted that if ETH holds above the $3,500–$3,600 zone, bulls could reclaim control and target the $4,600–$4,800 resistance, with the macro trend staying bullish unless support breaks decisively.

The on-chain metrics provider added, “ETH surged past 4,400 recently and has now entered a corrective phase, dipping toward the 3,576 support zone. The move follows a series of triangle breakouts, and the current retracement is consistent with a bullish continuation pattern.”

Ethereum soared to its historic high price of $4,878 in November 2021 and has yet to reclaim that level in more than three years. If HolderStat’s analysis sees the light of day, ETH might surge to this level.

At the time of this writing, Ethereum was trading at $3,450, according to CoinMarketCap data. 

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BlackRock Pushes for Staking in Spot ETH ETF

BlackRock is breaking new ground in institutional crypto by seeking the U.S. Securities and Exchange Commission (SEC) approval to enable staking in its spot ETH ETF, the iShares Ethereum Trust (ETHA), marking a bold step toward yield-generating digital assets.

If approved, ETHA would be one of the first listed spot Ethereum ETFs on American soil to offer built-in staking rewards. 

Unlike current ETFs that only track ETH’s price, ETHA could unlock a 3% annual yield, bridging the gap with native holders and boosting capital efficiency.

The SEC has up to 45 days, which is extendable to 90, to respond, with a final deadline potentially in April 2026, though analysts anticipate a decision as early as late 2025.

Meanwhile, close to 1 million Ethereum, worth a whopping $3.43 billion, has been permanently lost to user error, underscoring a major vulnerability in crypto asset management and self-custody.



Source: https://zycrypto.com/ethereum-eyes-a-push-toward-4800-as-blackrock-pushes-for-staking-in-spot-eth-etf/