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ETH Skyrockets Over 20% In A Day, Here’s When New Highs Are Expected

by Market News Board
22 hours ago
in Crypto, Cryptocurrency News, Ethereum
ETH Skyrockets Over 20% In A Day, Here's When New Highs Are Expected
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Since the start of the year, our bullish Ethereum price prediction by the end of 2025 has looked a little hopeful to those who aren’t accustomed to crypto markets, but not to us. The price is up over 20% in the last 24 hours, fueled by news from institutional giant BlackRock.

Is this the trigger for the next leg of the bull market? We’ll take a look at what’s in store for Ethereum and get some expert views on when we should expect new highs for the ETH price.

Ethereum Up 20% as BlackRock Invests Big on Pectra Update News

Ethereum has rallied 20% since yesterday, fueled by renewed institutional interest and growing excitement around its successful Pectra network upgrade. On the news, BlackRock, the world’s largest asset manager, made a significant move by acquiring 10,955 ETH, worth over $20m at the time of the purchase. More significantly, it showed confidence in the second biggest crypto.

Source: BloXroute Labs

The timing of the purchase is notable, coming just one day after Ethereum activated the highly anticipated Pectra upgrade. Pectra combines the Prague and Electra upgrades and will drastically improve features such as wallet functionality, smart contract efficiency, and staking scalability.

This strong institutional backing amid a major protocol upgrade has turned the narrative bullish. And with Ethereum’s ongoing evolution, it makes it an increasingly attractive long-term play for both retail and institutional investors. 

With that said, it’s time to revisit our Ethereum price prediction.

Ethereum Price Prediction: When New ATH?

Ethereum’s recent surge has brought the spotlight back to its price action, and traders are now eyeing key resistance levels. According to FX Empire, the most immediate challenge is the 200-day exponential moving average (EMA). ETH price has already tagged this level briefly before pulling back.

“Buyers need to show enough commitment to the rally to push through that important threshold,” noted the FX Empire analyst. If ETH breaks above the 200-day EMA, it will likely trigger liquidations on short positions, which will clear the path to $3,000. 

AD 4nXeRzPqd6oxhNFy6hcCxoP6y8WaKAJIfLGRrVy9MO08VufRBS NjyJlGLDWPb46DYp8AkTW28BHU9TIyLVoIgbuCUbaHbCF3dNADDtMyI9folWne8fR00oXG6 bBSe18eZXWVeSU0A?key=1lKTC1l64wquadhhOdoklQAD 4nXeRzPqd6oxhNFy6hcCxoP6y8WaKAJIfLGRrVy9MO08VufRBS NjyJlGLDWPb46DYp8AkTW28BHU9TIyLVoIgbuCUbaHbCF3dNADDtMyI9folWne8fR00oXG6 bBSe18eZXWVeSU0A?key=1lKTC1l64wquadhhOdoklQ

Source: FX Empire

At that level, Ethereum would be retesting a major long-term trend line. A breakout above $3,000 could dramatically shift Ethereum price momentum, and it could push very quickly to its next target of $4,000.

The successful integration of the Pectra upgrade has reaffirmed Ethereum’s technical strength, which was desperately needed after losing developers in the DeFi space to rival platform Solana.

If we see more developer activity in the coming months, Ethereum could smash its previous ATH of $4,666, and then there’s no resistance, and so an Ethereum price prediction of $10,000 by the end of the year is still within play.

Remittix To Bring Adoption to Ethereum

As the Ethereum ecosystem expands, Remittix is emerging as a key project to help drive real-world adoption. Built to bridge the gap between crypto and fiat, Remittix allows users to send crypto directly to their bank account, a first in the space. Best of all, it can be done with zero FX fees.

Its innovative PayFi protocol is built for scalability and utility, making it a natural fit within Ethereum’s broader push toward mainstream adoption. The Remittix price is up over 400% since it launched its presale, and with its mainnet launch edging closer, it’s attracting attention from bigger investors.

Discover the Exciting Opportunities of the Remittix (RTX) Presale Today!

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