Altcoin Rally Heats Up With Ethereum Price Breakout, BlackRock’s ETH Buy

Ethereum (ETH) price is trading near a critical technical breakout level as institutional investment in the top altcoin is rising.

A recent $98 million BlackRock Ethereum purchase and renewed altcoin-cycle concerns have brought attention to a possible rally.

Analysts tracked familiar patterns that could set the stage for a major market surge by the end of 2025.

Ethereum Price Forms Symmetrical Triangle

Ethereum price monthly chart exhibited a large symmetrical triangle formation spanning four years. This pattern, consisting of converging trend lines, lower highs, and higher lows, has limited ETH price movement since late 2021.

Crypto analyst Ash Crypto noted that the Ethereum price traded near the $2,440 level and is approaching the triangle’s apex, which historically precedes high-volume breakouts.

The analyst noted a decisive move beyond the upper resistance near $3,000.

Notably, technical setups of this nature often form during prolonged periods of consolidation. Ethereum price has witnessed strong volatility since peaking at approximately $4,800 in 2021, followed by steady re-accumulation phases.

In addition, the triangle structure began forming after the post-2021 correction, and recent monthly candles indicate growing bullish interest as volume recovers.

Should Ethereum price overcome the resistance line with a higher momentum, it may potentially set new price targets.

Furthermore, the price targets include the possible repeat of the earlier all-time highs. The structure put a renewed emphasis on the larger altcoin market because ETH tends to dominate market-wide trends.

BlackRock Acquires $98 Million in ETH

BlackRock, one of the world’s largest asset management firms, has reportedly purchased $98 million worth of Ethereum.

The allocation adds to growing signs of institutional engagement with the asset, following the firm’s earlier moves in Bitcoin through spot ETF filings and related offerings.

The transaction signals that Ethereum price may be entering the portfolios of traditional finance giants, which could provide additional stability and trading volume to the asset class.

Institutional participation is viewed by many analysts as a major driver of liquidity and long-term adoption. BlackRock’s entry comes amid broader regulatory discussions surrounding Ethereum ETFs in the United States.

Ethereum Price: Analysts Compare Altcoin Market to 2019–2021 Cycle

Recent chart comparisons by analyst Ash Crypto suggest that the altcoin market is forming a similar structure to the one seen between 2019 and 2021.

That previous cycle began with an initial rally phase, followed by a correction and extended consolidation before a broad rally across non-Bitcoin tokens.

Analyst Ash Crypto noted the current market is a near-identical pattern unfolding since 2024. The first run has already been completed, a 60% correction recently absorbed, and a second buildup in progress.

According to the chart models shared by Ash, the projected timeline anticipates a potential altcoin rally beginning in late 2025. The forecast is based on recurring cycle durations and Fibonacci-based timing estimates.

Ethereum’s Role in Leading Altcoin Market Cycles

Historically, Ethereum was used to predict altcoin performance in past marketing cycles. Both in 2017 and 2021, ETH rallies were followed or accompanied by a rise in altcoins.

With its liquidity dominating the DeFi, NFT, and Layer-2 sectors, Ethereum’s performance often determines the flow of capital into lower-capitalization assets.

The recent on-chain activity and price action indicate an increase in accumulation by the big holders, which is also accompanied by institutional purchases like that of BlackRock.

Meanwhile, recent analysis by various crypto analysts pointed towards Altseason 3 possibly starting by July 1.

Atlas and Danny Crypto noted striking similarities between current charts and the 2020 COVID crash, with a golden cross now flashing on the altcoin market cap. July also marked the massive altcoin rallies in the 2017 and 2021 historical cycles.

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