- BlackRock ETH investments exceed BTC, signaling a major institutional shift.
- Ethereum futures activity surges as price nears $4,000 resistance.
Ethereum is gaining traction as bullish momentum drives prices higher. According to an update shared by Crypto Tony, Ethereum (ETH/USD) has broken through key resistance of nearly $3,200 in the weekly timeframe. The price climbed as high as $3,570, reflecting a 12.20% gain from the recent low.
This bullish breakout follows a strong rebound from $2,200 support and a prolonged period of consolidation. Traders are monitoring whether this move will see sustained buying pressure. The next resistance target is between $3,900 and $4,000, a level last tested in mid-2024.
BlackRock Allocates More Capital to Ethereum Than Bitcoin
Meanwhile, Arkham Intelligence data shows that BlackRock has increased its Ethereum exposure beyond Bitcoin. The firm has accumulated over $547 million worth of ETH, outpacing its $497 million BTC holdings. When adjusted for market capitalization, this indicates Ethereum holdings are five times higher than Bitcoin.Â
Arkham’s charts show consistent ETH wallet flows into BlackRock’s holdings throughout 2024 and into mid-2025. Analysts interpret this as a shift in institutional preference, with Ethereum’s smart contract potential being a key factor in the strategy.
Futures Open Interest Soars as Ethereum Reclaims $4,000
Ethereum futures markets are heating up. CoinGlass reports open interest has surged past $50 billion, its highest since mid-2022. The rise aligns with ETH’s push above the $4,000 level, although it is currently trading at $3,567.42 after a 1.52% dip in the last 24 hours.Â
The yellow line in CoinGlass’s data shows price action closely mirroring open interest, signaling increased market activity and liquidity. Both institutional and retail participants appear to be fueling this rally, supported by growing confidence in Ethereum’s outlook.
At the time of writing, Ethereum remains under the $3,600 level. Traders are now watching for sustained volume to confirm the breakout and assess whether Ethereum can reclaim and hold above the $4,000 mark in the coming sessions.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
