- Big players are reportedly obtaining Ethereum, which indicates growing institutional demand.
- Ethereum continues forming higher highs, with key Fibonacci targets at $7,304.9 and $8,542.9.
- ETH’s breakout signals a likely move toward $5,000, $7,000, and $10,000, supported by institutional inflows and liquidity growth.
Ethereum continues to form higher highs in the longer timeframe, indicating sustained bullish momentum. ETH remains in an uptrend as institutional investors expand their holdings. BlackRock, Fidelity, and U.S. President Donald Trump have reportedly accumulated the digital asset, backing its strong demand.
Institutional Demand for Ethereum Grows
Recent transactions show that major financial entities are acquiring Ethereum. BlackRock, one of the world’s most extensive asset managers, has been growing its openness to the digital asset. Fidelity, another institutional player, has also participated in Ethereum accumulation.
President Donald Trump, known for his previous distrust of cryptocurrencies, has reportedly purchased Ethereum, signaling a change in opinion. These investments highlight a rising attraction in ETH among high-net-worth individuals and financial institutions.
Integration of institutional buyers can help to improve the liquidity level and decrease the level of volatility. A similar or corresponding effect has always been recorded to happen with speculators as well as big investors.
Ethereum’s Price Trajectory and Key Levels
The increasing accumulation aligns with Ethereum’s consistent formation of higher highs on the charts. The asset’s technical structure suggests that the price may soon reflect the heightened demand.
Tracking Ethereum’s price movement on the weekly timeframe, Ted’s observations show higher lows since mid-2023, forming an ascending channel structure. The Fibonacci extension levels of 1.618 at $7,304.9 and 2.0 at $8,542.9 indicate potential future targets.
The price has recently broken out of the ascending wedge pattern, suggesting momentum toward higher levels. Key support is visible near $5,302.2, aligning with the breakout zone. The price trajectory aligns with the trendline, projecting a possible future bullish continuation toward resistance levels.
ETH’s market performance indicates that the next key levels to watch include $5,000, followed by $7,000 and $10,000. This projection aligns with previous market cycles, where institutional inflows contributed to significant price increases.
