BlackRock Just Made a Massive Ethereum Move as Price Eyes $2,900

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According to sources, Ethereum ETF inflows saw a strong upswing in late May 2025, with daily totals hitting between $53 million and $84 million. Among these, a notable single-day inflow of $71 million stood out.

This shows that big investors are now turning their attention back to Ethereum. This strong inflow of money is led by industry giants BlackRock and Fidelity. This has brought new energy to the price of the world’s second-largest cryptocurrency.

Market observers are now wondering if Ethereum could push toward the $2,900 level as this momentum keeps growing. Currently, ETH is trading around $2,613.62, with both trading volumes and on-chain activity on the rise

BlackRock Leads a Revival in Ethereum ETF Inflows

After months of inconsistent flows and market Uncertainty, Ethereum ETF has now entered a new phase of institutional buying. BlackRock’s Ethereum ETF brought in $32.5 million in inflows, which caused the Ethereum ETF inflow to increase to $71 million.

Of this, BlackRock brought in over $50 million, which shows its strong position in the Ethereum ETF space. Experts see this as a clear sign that Big institutions are showing more trust in Ethereum’s core technology and its long-term value.

Ethereum Leads in Stablecoin Growth and Bridged Flows

It is not just the Ethereum ETF inflows that are making headlines, but the Ethereum network itself is showing strong on-chain activity. Recent data from Artemis shows that Ethereum is doing better than its competitor blockchains when it comes to bridged net flows and stablecoin supply growth.

This means that money is not only going into Ethereum’s ETF products, but it is also flowing into Ethereum’s Decentralized finance (DeFi) system. Analysts believe this rise shows new liquidity and growing confidence across the Ethereum network.

As more money comes back in, DeFi protocols might see a new wave of activity, which further strengthens Ethereum’s position as the leading Layer 1 blockchain.

Metrics	Value	Sources
Current Price	$2,613.62	Coinmarketcap
24 Hour Trading Volume	$24.78B	Coinmarketcap
All-time high	$4,891.70 (2021)	Coinmarketcap
Immediate Resistance Level	$2,700–$2,800	Finance Magnates
Support level	$2,460–$2,500	FinanceFeeds

Ethereum Price Approaches Breakout Levels

Ethereum is currently trading around $2,615.29. After pulling back from its recent highs, with bullish momentum. The technical indicators point towards short-term gains but with caution.

The Relative Strength Index peaked at 70.47, now standing closer to 58–64. Market Sentiments suggest that if Ethereum price manages to close above $2,720 with a strong trading volume, then the next likely target might be $2,900.

However, traders are watching to see any signs of the market slowing down, as Ethereum has shown in the past that it reacts sharply when it becomes overbought. Some analysts caution that after volume spikes, Ethereum might move sideways or dip before its next rally.

Ethereum ETFs Outshine Bitcoin Peers

While the Ethereum’s ETF inflows are rising, Bitcoin ETFs have stumbled. Recently, the U.S. Bitcoin’s ETF saw a net outflow of $347 million. It broke a 10-day streak of inflow.

Ethereum price — BlackRock Just Made a Massive Ethereum Move as Price Eyes $2,900 4

This split shows how Ethereum ETFs are staying strong even as Bitcoin is dealing with profit-taking and shifting capital. BlackRock’s Ethereum’s ETF has attracted interest from both big institutions and retail investors.

Analysts suggest that Ethereum’s unique mix of DeFi, staking, and Layer 2 scaling gives it a strong and compelling narrative that Bitcoin doesn’t currently offer.

Conclusion

The $71 million surge in Ethereum ETF inflows has brought new excitement to the market. The target of $2900 now looks possible. BlackRock is leading this surge, and a mix of strong on-chain activity and increasing DeFi use makes Ethereum’s future look bright. Still, experts suggest that traders be careful.