Institutional Ethereum buys surpass $1 billion, led by BlackRock and Fidelity Analysts see ETH nearing breakout, drawing parallels to past 20x price surges Price targets of $20K–$30K emerge if $4,300 resistance breaks with momentum Ethereum has just smashed its all-time high, nearing the $5,000 level for the first time in history. This latest price move is fueled by a massive wave of institutional buying, with on-chain data from Arkham showing that spot ETFs have collectively scooped up $1 billion worth of ETH in just the last few days. How we got here . This breakout didn’t come from nowhere. Here was our analysis of the key levels right before the price took off . Institutional Floodgates Open for ETH BlackRock led the charge with a $640 million buy, followed by Fidelity with $270 million and Grayscale adding $80 million. On top of this, news is swirling that mining firm Bitmine is interested in raising another $20 billion to raise its ETH treasury. ETFS JUST BOUGHT $1 BILLION USD OF ETHEREUM BLACKROCK BOUGHT $640M $ETH FIDELITY BOUGHT $270M $ETH GRAYSCALE BOUGHT $80M $ETH THE INSTITUTIONS ARE COMING FOR $ETH pic.twitter.com/lFt0dmINvj — Arkham (@arkha… The post Ethereum Price Inches Closer to $5,000 as Institutions Pour $1 Billion into ETH appeared first on Coin Edition .
