🚀 Ethereum (ETH) Soars: Analyst Eyes $6,000 Target as BlackRock Pumps $315 Million Into ETH

BlackRock just dropped a $315 million vote of confidence in Ethereum—and analysts are racing to upgrade their price targets.

Breaking the Ceiling

One top analyst now predicts ETH could hit $6,000, citing institutional momentum and tightening supply. That’s not just hopium—it’s a reflection of real capital moving into real protocols.

Wall Street Meets Crypto

BlackRock’s move isn’t a fluke. It’s part of a deeper shift as TradFi giants finally acknowledge what crypto natives knew years ago: Ethereum isn’t just an asset—it’s infrastructure.

But let’s be real—since when did Wall Street ever miss a chance to front-run a trend?

Expect more blue-chip names to follow. And expect volatility. This is crypto, after all—where billion-dollar announcements meet 4 a.m. panic sells.

TLDR

• Analyst uses Wyckoff Model to predict Ethereum could reach $6,000 price target
• BlackRock purchased 65,901 ETH worth approximately $315.6 million on August 26
• BitMine Immersion becomes world’s largest Ethereum treasury with 1.7 million ETH
• Ethereum needs to hold $4,700 support level to continue rally toward $5,000
• Binance’s leverage ratio hits record highs while $1.65 billion in stablecoins flow in

Ethereum price could surge to $6,000 according to cryptocurrency analyst Merlijn Trader, who based the prediction on the century-old Wyckoff Model. The digital asset was trading at $4,519.58 at press time.

The Wyckoff Model outlines five market phases: accumulation, markup, distribution, markdown, and re-accumulation. According to the analyst, ethereum has completed a textbook Wyckoff accumulation cycle after forming a “Spring” pattern earlier in 2025.

ETHEREUM PASSED THE TEST

Jumped the creek. Spring left in dust.

The Wyckoff model only has one outcome here:
Parabolic markup. $6,000 $ETH is written in ink. pic.twitter.com/jPc8nG7lQJ

— Merlijn The Trader (@MerlijnTrader) August 25, 2025

This pattern occurs when price dips below support to remove weak sellers, followed by a successful test confirming buyer demand. The subsequent rally has “jumped the creek,” breaking above resistance levels and leaving the Spring formation behind.

With supply absorbed and buyers in control, the model points to a sustained markup phase. The analyst argues this stage leads to parabolic price appreciation, with the $6,000 target consistent with measured moves from prior consolidation ranges.

Ethereum declined 2.3% over the past 24 hours but gained 7.52% over the past week. The recent pullback came despite strong institutional buying activity across the market.

Institutional Accumulation Drives Demand

BlackRock, the world’s largest asset manager, purchased 65,901 ETH valued at approximately $315.6 million according to August 26 filings. The firm paid an average of $4,441 per ETH, slightly above prevailing market rates.

BLACKROCK JUST BOUGHT $300M OF $ETH

BlackRock just bought $314.9M of Ethereum.

Institutions are bullish on $ETH. pic.twitter.com/3Cqk2zwFfi

— Arkham (@arkham) August 26, 2025

The purchase contributed to $443 million in total Ethereum inflows over 24 hours, with BlackRock accounting for roughly $315 million of that activity. Despite the massive buying pressure, Ethereum’s price dipped as short-term holders took profits.

BitMine Immersion (BMNR) secured its position as the world’s largest Ethereum treasury holder yesterday. The Las Vegas-based technology firm now holds 1,713,899 ETH worth approximately $7.7 billion at current prices.

BitMine’s total crypto and cash reserves stand at $8.82 billion, placing it ahead of other major Ethereum holders including SharpLink Gaming. The company ranks second overall on corporate crypto treasury leaderboards, behind only MicroStrategy’s Bitcoin holdings.

MicroStrategy remains the dominant bitcoin player with 629,376 BTC valued at approximately $71 billion. BitMine’s milestone establishes it as the top corporate custodian of ETH worldwide.

Technical Levels Remain Critical

Ethereum rallied nearly 5% on Monday after shaking off the latest “Monday Trap” – a recurring pattern where Leveraged long positions face liquidations early in the week. Data shows Monday consistently records the highest long liquidations.

The recovery helped ETH outperform Bitcoin, which posted only 1% gains during the same period. However, derivatives data suggests the market may be overheating with leverage ratios at concerning levels.

Binance’s Estimated Leverage Ratio on ETH surged to a record 0.53, up from 0.09 in mid-2020. This metric tracks the ratio of open interest to exchange reserves, indicating how heavily traders use leverage.

ETH open interest hit a new all-time high of $70 billion on Friday. Such extremes often signal short-term risk as excessive positions can trigger sharp deleveraging events before the next upward move.

Spot market flows paint a more constructive picture for Ethereum’s outlook. Binance recorded over $1.65 billion in stablecoin deposits this month, marking the second surge above $1.5 billion in August.

These inflows represent fresh liquidity preparing to enter the market. Meanwhile, Ether withdrawals from Binance totaled nearly 208,000 ETH worth $1 billion across Sunday and Monday.

The withdrawals suggest investors are moving assets into cold storage, reducing sell-side pressure and supporting long-term bullish positioning.

For the rally to continue, ETH must reclaim and hold the $4,700 level as support. A decisive daily close above this level WOULD align lower and higher timeframe structures, opening the path toward $5,000.

Failure to hold $4,700 would keep Ethereum locked between $4,700 and $4,350, with a break below $4,350 potentially triggering a deeper correction.