Ethereum Flexes Muscle: Key $4,331 Resistance Target in Sight

Ethereum bulls charge toward critical resistance barrier.

Breaking Through

The second-largest cryptocurrency shows no signs of slowing down as it approaches the $4,331 threshold—a level traders watch like hawks circling prey. Market momentum builds while traditional finance still tries to figure out what an NFT actually does.

Technical Momentum

Price action screams strength as ETH defies broader market hesitation. Each upward tick validates the bullish thesis that's been building since the last correction. Meanwhile, Wall Street analysts scramble to update their spreadsheets—most still think Ethereum is just 'internet money.'

The Final Push

All eyes focus on whether ETH can smash through that $4,331 ceiling. A clean break could trigger another leg up, while rejection might send traders back to the drawing board. Either way, it beats watching another earnings call about toothpaste sales growth.

• Ethereum gained momentum following BlackRock’s $233M purchase, boosting market optimism.
• Key resistance lies at $4,331; a breakout could trigger the next upward move.
• The current trading range between $4,132–$4,256 remains crucial for maintaining momentum.

Ethereum (ETH) gained momentum after reports of BlackRock’s major purchase, sparking the latest Optimism in the market. Analysts point to a key price range to watch. A breakout above resistance could trigger the next upward move.

At the time of writing, ethereum is trading at $4,289. with a 24-hour trading volume of $63.60 billion and a market capitalization of $516.92 billion. Over the past 24 hours, ETH has slightly dropped by 0.62%, showing modest movement in the market.

BlackRock Buys $233 Million in Ethereum

In a remarkable transaction, crypto analyst CryptoGoos revealed that BlackRock bought $233.6 million in ETH, signaling renewed interest from one of the world’s largest asset managers. The transaction has generated buzz throughout the crypto ecosystem, with investors eager to see potential ripples in the market.

BREAKING:

BLACKROCK JUST BOUGHT $233.6M WORTH OF $ETH.

WHALES ARE LOADING UP! pic.twitter.com/lNOp2oJP7K

Ethereum Could Surge if $4,331 Breaks

Crypto analyst More Crypto Online also pointed out that the price range between $4,132 and $4,256 is of great importance. “As long as the range holds, the setup stays alive. A break above $4,331 might ignite the next wave,” the analyst elaborated.

For the moment, ETH goes about its business as usual, probing the market’s patience and keeping investors on the edge of their seats. With the entry of significant institutional players, everyone wants to know if ETH can maintain momentum and push to higher levels soon.

ETH Derivatives Show Cooling Activity

The Ethereum derivatives market slowed due to lower trading activity. Volume decreased by 27.48% to $110.04 billion, and open interest also decreased by -0.47% to $60.73B. This indicates prudence among investors, who opened fewer new positions despite recent price movements.

Meanwhile, the OI-Weighted funding rate stands at 0.0089% and has a slightly bullish bias. This implies that even though activity is tapering, the majority of investors favor long positions and continue to show optimism about Ethereum’s price stability.