Ethereum ETF Sets New Record Is ETH Ready for $10,000?
Ethereum (ETH), the world's second-largest cryptocurrency, has just recorded one of its strongest days of 2025, thanks to massive capital inflows into Ethereum ETFs and the prominent participation of financial giant BlackRock.
ETH Soars to 3-Month High of $2,800
In the trading session last night, ETH price surged to $2,800, setting its highest level since March 2025. The main driver behind this surge was a record $125 million inflow into publicly traded Ethereum ETFs, according to data from Farside Investors.
Notably, ETH has successfully tested the strong support zone of $2,400 three times in the past 30 days, reinforcing confidence in the strong resilience of the largest altcoin in the market.
BlackRock leads the wave of institutional "buying" ETH
Notably, BlackRock, the world's largest asset manager with $11.5 trillion AUM, was reported to have poured $80.6 million into an Ethereum ETF just yesterday. The participation of financial institutions of the caliber BlackRock has helped consolidate Ethereum's momentum and contributed to enhancing ETH's position as a strategic asset in institutional portfolios.
This is a clear sign that institutional investors are increasingly interested in digital assets, especially Ethereum, the main platform for DeFi applications, NFTs, and smart contracts.
$10,000 for ETH Is the target too far-fetched or just a matter of time?
According to Merlijn, a crypto analyst with over 386,000 followers on X (Twitter), Ethereum’s recent rally is a replay of strong growth periods in history.
“Ethereum has broken $1,400 and $2,200 like paper. $10,000 is no longer a dream but a clear technical setup,” Merlijn said.
He believes that the confluence resistance at $4,000 will play a key role. If ETH breaks this level, the price discovery phase will begin, opening up the potential for a breakout growth.
Stock Markets Support Macro Factors Fueling the Uptrend
Ethereum’s rally is also supported by a positive macro backdrop. Global stock markets rallied as the US CPI rose just 0.1% in May, below expectations, raising hopes for a rate cut from the Federal Reserve later this year.
The combination of strong institutional money flows, steady capital inflows from Ethereum ETFs, and low interest rate expectations could provide a “launch pad” for Ethereum to reach unprecedented price levels.
Conclusion
With strong demand from ETFs, support from global financial institutions, and a supportive macro backdrop, Ethereum is well placed to break records and enter its next bull run.
$10,000 is no longer a distant dream but a fully-grounded target if current conditions continue.