The price momentum of Ethereum is attracting the attention of major institutional players, fueling speculation about the next rally. In recent weeks, large asset managers have been acting aggressively.

According to reports, BlackRock acquired ETH worth $500 million, while Fidelity added over $56.9 million. This wave of accumulation occurs against the backdrop of the cryptocurrency trading around $4,653, which signifies a 19% increase over the past week, despite a moderate daily correction.
🔸Institutional dynamics and the influence of ETFs
The historical phases of Ethereum's breakthrough have consistently paved the way for broader altcoin rallies. The latest surge is supported by the approval of ETFs, record activity in Ether futures on CME, and growing demand for decentralized finance infrastructure.
CME data shows that the volume of ETH futures in July reached 118 billion dollars, which is a record figure. Open interest also surged sharply, indicating that institutions are not only pursuing short-term gains but are also preparing for long-term growth.
Past cycles offer insights. In 2017, $ETH surged approximately 10,700%, followed by a 970% increase in 2021. A speculative forecast of 700% for 2025 implies prices approaching $37,000. While such targets are ambitious, even moderate gains could see ETH exceed $8,000 to $10,000 in this cycle, with the possibility of reaching $15,000 if momentum accelerates.
🔸Key support and potential pullbacks
Despite the bullish backdrop, technical analysis indicates that price corrections are still possible. Lark Davis emphasizes that Ethereum has finally broken through the $3,700–$4,000 range, which has served as resistance for nearly three years.
In similar situations, markets often return to previous resistance zones to confirm them as new support before moving forward. If Ethereum re-tests this region and holds, it could become a high probability accumulation zone for long-term investors.
A sustained move above $5,000 could signal the start of a parabolic rally, which has historically been followed by broad rallies in the altcoin market. However, if it fails to hold above $4,000, it could open the door for deeper pullbacks, especially if macro sentiments change.
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