Ethereum Nears $5,000 as Institutions Pour Another $1 Billion into ETH

Institutional “Golden Gates” Wide Open

Leading the charge is BlackRock with a $640 million purchase, followed by Fidelity with $270 million and Grayscale adding another $80 million. On top of that, reports indicate that mining company Bitmine is planning to raise up to $20 billion to expand its ETH reserves.

This unprecedented scale of buying is exerting strong bullish pressure on Ethereum’s price. Analyst TedPillows likened the current moment to Bitcoin’s early institutional adoption phase, calling it Ethereum’s “Michael Saylor” moment.

According to TedPillows, Ethereum could be nearing the end of a four-year sideways phase. The current pattern resembles a pre-breakout stage, similar to when ETH previously surged 20x in just one year. This time, institutional inflows could push the price up even faster.

Could ETH Reach Five-Digit Levels?

Analyst MerlijnTrader compares today’s market to the explosive rally of 2016–2017, when ETH skyrocketed from around $10 to over $300 in just a few months.

The current accumulation range between $3,000 and $4,000 suggests a similar breakout potential. If the momentum holds, he projects possible targets of $20,000–$30,000. In the near term, the key challenge is breaking the $4,150–$4,300 resistance zone; a decisive move above it could trigger rapid gains without deep pullbacks.

At the time of writing, Ethereum is trading at $4,499.04, up 5.08% over the past 24 hours and 25.69% over the past week. With a circulating supply of 120 million ETH, Ethereum’s market capitalization has surpassed $543 billion. Its 24-hour trading volume stands at $46.6 billion, reflecting heightened market participation.