Ethereum Price Surges 7% After BlackRock Files For ETH Staking ETF

The Ethereum price surged 7% over the past 24 hours to trade at $3,331 as of 5:38 a.m. EST on trading volume that climbed 42% to $34.7 billion.

This comes as BlackRock, the world’s largest asset manager, filed a registration to launch the iShares Staked Ethereum Trust (ETHB).

If approved, the ETF (exchange-traded fund) product would hold Ethereum and earn staking rewards through approved validators.

It was first mentioned in November, when BlackRock registered the name in the state of Delaware. It has now submitted an S-1 registration with the US Securities and Exchange Commission (SEC).

The fund’s structure excludes leverage, derivatives, and lending, and it will operate purely as a passive investment vehicle. Coinbase Custody will serve as the primary custodian, while Anchorage Digital will be listed as an alternative option to diversify risk and enhance operational security.

Despite ETH’s 24-hour surge to over $3,300, it is still down 7% over the last month. Can the current uptrend continue?

Ethereum Price Eyes Recovery As Bulls Defend Critical Support

After reaching an all-time high of $4,954 in August, ETH entered a sustained downtrend, forming a clear rounded top pattern, a bearish signal.

The decline pushed the Ethereum price toward the $2700 support zone, where buyers stepped in to prevent further downside. ETH has since stabilized and is now consolidating within this critical demand area.

The $3,172 zone has acted as short-term resistance, keeping ETH capped below $3,739, which now serves as a significant hurdle to a sustained uptrend, according to the Bollinger Bands.

ETH is currently trading near the upper end of its recent consolidation and showing early signs of a bullish attempt, as price is pushing back above the middle Bollinger band and challenging the 50-day Simple Moving Average (SMA) at $3,739.

Meanwhile, the 200-day SMA, however, remains positioned higher at $3,890, marking the long-term resistance level that bulls must reclaim to confirm a trend reversal.

ETH buyers appear to be slowly regaining momentum, with the Relative Strength Index (RSI) climbing back from oversold territory and currently hovering around 46, just below the key 50-midline.

ETH Price Prediction

According to the current ETH/USD chart structure on the 3-day timeframe, the ETH price may be preparing for a stronger recovery from the $2,600–$3,000 support base.

If bullish momentum continues to build, the price of Ethereum could rise by 10–15% to retest the major resistance levels at $3,739 and potentially the $3,890 region, where the 200-day SMA sits.

However, on the downside, if ETH fails to hold the $3,100 level, the next support area lies back at $3,000, with deeper downside risk toward $2,600, the lower boundary of the Bollinger bands.