Ethereum climbed 1.1% over the past 24 hours, fueled by a surge in ETF inflows and growing interest from large investors.
BlackRock’s iShares Ethereum Trust pulled in $303.5 million last week, making up 93% of all ETH ETF flows. That brings BlackRock’s ETH holdings to $750 million for June. Speculation is building that 2025 could bring SEC approval for ETH staking within ETFs, adding to institutional appetite.
Whales Accumulate, Supply Shrinks
Over $82 million in ETH exited exchanges in just two days, tightening supply and easing sell pressure. On-chain data shows wallets holding between 1,000 and 10,000 ETH have ramped up accumulation to levels not seen since March. Long-term holders now control 75.5% of the total supply, unchanged for over a year.
Key Levels and Patterns Support Upside
Ethereum has bounced cleanly off the $2,500 support area three times in June. A golden cross is forming, with the 50-day moving average nearing a bullish crossover above the 200-day. RSI remains neutral at 48.8, giving bulls room to push. The main resistance to watch lies at $2,580–$2,600. A decisive break could mirror the breakout seen in early 2024, where similar consolidation led to a sharp move toward $3,500.
Path to $5,000
With ETF flows rising, whales stacking, and technicals firming, Ethereum appears poised for a significant leg higher. If momentum holds, traders are eyeing a potential breakout toward $5,000 in the weeks ahead.
A recent chart shared by Crypto GEMs suggests Ethereum could be on the verge of a major breakout, echoing its price pattern from early 2024. The visual comparison between 2025 and 2024 shows a nearly identical consolidation range followed by a sharp rally, which previously led ETH to surge past $3,000.
If history repeats, Ethereum may soon follow a similar trajectory, with analysts hinting at a potential move above $5,000. This setup reinforces bullish sentiment as ETH trades just above the $2,500 mark, with traders closely watching for a decisive breakout from the current range.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/ethereum-eyes-5000-surge-as-etf-flows-and-charts-align/