Ethereum Price Tests $2,700—Will BlackRock Push $ETH to $3K?

Ethereum News Today: Whale Buy Hints Bull Rally Toward $3K Mark
Ethereum price has recently attracted renewed attention from the market with a resurgence in value and speculations about a possible breakout. The second largest cryptocurrency by market cap is trading at a price of $2,573.60, according to CoinMarketCap, after gaining 0.46% in the last 24 hours.

This price movement has prompted many to ask: why did Ethereum surge today?

The market capitalization of this coin is currently at $310.7 billion, with a trading volume over the last 24 hours at $23.1 billion, increasing by 4.55%.

The ETH price analysis indicates recovery in a bullish manner since 6:00 AM UTC, as the price oscillated between $2,545 and $2,600.

BlackRock Ethereum Purchase Bold Move: $8.4M $ETH Acquired
One of the biggest reasons behind price surge is a major institutional purchase. As per Whale Insider, BlackRock — the world’s largest asset manager — recently purchased 3,220 tokens, worth approximately $8.4 million.

BlackRock Ethereum Purchase

Source: Whale Insider X

This action has generated a huge amount of hype on crypto social networks and reflects increasing institutional trust in one of the biggest cryptocurrencies. The BlackRock holding has been trending, with the tag "BlackRock Ethereum news today," and investors are speculating that this might be the beginning of an accumulation period.

Technical Analysis: ETH Nears 200 SMA Breakout
Crypto analyst Ali suggests that its price is in close proximity to breaking out of the $2,700 zone. Looking at the 3-day chart, it is approaching the 200-period Simple Moving Average (SMA) at $2,700. Trading above this area historically leads to significant bullish trends, which raises optimism for a $ETH price prediction above $3,000.

Ethereum Bull Run

Source: Ali Charts

This could answer the growing question in the market: why it is going up this week, despite overall market consolidation.

Ethereum Price Prediction Today : Two Scenarios Ahead
The chart given below outlines two potential paths:

Ethereum Price Analysis

Source: X

Bullish Case: It completed a 5-wave correction and could begin a new cycle.

Targets:

$3,528.27 (breakout level)

$4,109 (resistance)

Long-term: Will it reach $10,000? — If momentum continues into 2026, analysts say it's possible.

Bearish Case: If it fails to break $2,700–$3,500, a sharp correction could follow.

Downside: A potential drop to $884.56, near strong historical support zones.

Adding to the bullish sentiment, in the last month alone, nearly 1 million tokens have been withdrawn across exchanges. This on-chain activity demonstrates investors are holding, not selling, thus decreasing available supply — one of the key reasons behind the price surge.

Final Take: ETH at a Crucial Turning Point
With the whale activity, supply tightening, and signs of technical strength, the $ETH price is clearly at a critical moment. Whether this ignites the start of the next bull cycle or runs into resistance will impact the Ethereum price prediction trajectory.

For now, this coin looks well-positioned — and all eyes will be on the $2,700 area if we experience a breakout.looks primed — and all eyes are on the $2,700 breakout.

Visit: https://www.coingabbar.com/en/crypto-currency-news/ethereum-price-blackrock-buy-3k-breakout-2025