Ethereum All Time High Approaches After BlackRock Buys $233M Worth ETH

ETH is once again grabbing headlines. At the time of writing, the second-largest cryptocurrency is trading around $4,810.80, only a step away from breaking its Ethereum all time high of $4,891.70, which was set back in November 2021.

BlackRock Triggers Fresh Excitement

The big reason behind this massive move is BlackRock’s ETH purchase worth $233 million, confirmed by Arkham’s latest data. When the world’s largest asset manager takes such a bold step, it sends a strong message that asset is becoming a key part of institutional investment.

Source: ARKHAM X Account

This huge buy acted as the fuel that pushed ETH right to the edge of its peak levels.

ETFs and Market Liquidity Add More Fire

1. BlackRock’s entry was supported by another important factor— Ethereum ETF inflows . According to Lookonchain, more than 64,700 tokens (worth nearly $300M) flowed into ETFs within the last 24 hours. This shows growing trust among institutions who are buying not just directly, but also through regulated funds.

2. The futures market also played its role. In the last 24 hours, over 1.5 lakh traders lost their positions, which together was worth about $652 million.

One of the biggest single losses was $10 million on OKX. When this happens, weak traders exit the market, and it gives more space for the price to go up.

Technical Picture: Bulls Hold the Wheel

The TradingView chart is looking strong. It's price is going up with big green candles, showing that buyers are in control after it bounced back from the $4,200 level.

• RSI (66): It’s getting close to the “too high” zone but still safe.

• MACD: The signals are green, which means buying pressure is strong.

• Trend: The price is making higher points again and again, and the support levels are holding well.

Key Levels:

• Resistance near $4,850–$4,900

• Major psychological level at $5,000

• Support around $4,600 and $4,200

Ethereum Price Prediction : What To Expect Now

• Short Term (1–7 days): It may test $4,900–$5,000, but a small pullback toward $4,600 is possible.

• Mid Term (1–4 weeks): With ongoing momentum, price could touch $5,200–$5,500.

• Long Term (2–6 months): If demand continues, it may head toward $6,000+, though a retest of $4,200–$4,300 cannot be ruled out.

Experts Eye Ethereum All Time High Breakout

Crypto analysts like Ash Crypto have pointed out that the token is just $50 away from a new record. For many traders, the connection is clear: BlackRock’s Ethereum buy plus ETF inflows have combined to push ETH near its long-awaited milestone.

If the breakout continues, the market may witness the coin finally crossing the Ethereum all time high and entering new price territory.

Conclusion

This rally is not just about retail excitement. It is powered by BlackRock’s $233M ETH buy, strong ETF inflows, and a bullish technical setup.

With price action now brushing against the Ethereum all time high, the market is waiting to see if $5,000 will be the next big milestone in this powerful crypto surge.