Market analysts said Ether (ETH) is poised to continue its upward trend following moves by JPMorgan and BlackRock to launch tokenized funds on the Ethereum network.
Key takeaways:
- Institutional rollout is underway as JPMorgan and BlackRock plan to launch tokenized funds on Ethereum.
- Mighty technical structures across multiple time frames suggest that the ETH price is bottoming out.
ETH Traders Expect Price to ‘Overshoot’
Data from TradingView showed ETH/USD trading at $2,320, up 2% in the last 24 hours.
Couple failed to break the resistance at $2,400 last week, with the outflow of Ether Exchange Traded Fund (ETF) funds and the rising balance on Binance derailed Aether’s recovery.
Therefore, bulls need to push and hold the ETH/USD pair above $2,400 to continue the uptrend.
In Wednesday’s post on X, a CryptoJack analyst he said ETH is “bracing for a pump” by consolidating inside a symmetrical triangle on the lower time frames.
“A breakout could lead to a strong move soon.”
ETH/USD chart. Source: X/CryptoJack
Patel’s Crypto the chart shows ETH is trading inside an ascending triangle that has been charting the direction of its price action since 2020. ETH is bouncing off the lower trendline of the triangle near $1,800, a zone that has previously acted as a launching pad for large moves higher.
The analyst sets a target target for Ether of $10,000-$15,000, saying:
“$ETH will outperform this cycle.”
ETH/USD biweekly chart. Source: X/Crypto Patel
Fellow cryptocurrency analyst Celal Kucuker also shared the bullish case, laying out a long-term roadmap that puts ETH on course for a move above $24,000.
ETH/USD monthly chart. Source: X/Celal Kucuker
Momentum indicators confirm the rebound thesis. Ether’s monthly relative strength index (RSI) has cooled towards a historic support area near 42-455, similar to levels prior to previous gains.
As Cointelegraph reportedbuyers will regain control once ETH/USD breaks above the $2,450-$2,600 level, confirming a trend change.
Institutional Adoption Is Fueling Ether’s Bullish Rise
As Cointelegraph reportedJPMorgan is set to launch a tokenized money market fund on Ethereum, allowing stablecoin issuers to hold reserves backing their stablecoins while earning interest.
Related: Bitmine is slowing down Ethereum purchases, it is expected to have 5% of the supply in December
BlackRock, the world’s largest asset manager, has also applied for tokenized versions of its treasury liquidity funds, where official ownership records will be maintained on Ethereum using ERC-20 token standards.
Source: Cointelegraph
“Institutional adoption just reached another level” – Ethereum Daily analysts he said in a post on X on Wednesday.
“This is the most optimistic news for Ethereum” – user X, Borovik he said in reaction to Wednesday’s news.
Bulls argue that tokenized funds on Ethereum will drive activity on the network, boost demand for gas and lock in total value (TVL). This, in turn, will boost the legitimacy of the blockchain, making ETH the settlement layer of choice for trillions of TradFi capital.
Data from RWA.xyz shows that global tokenized funds already exceed $31 billion, with Ethereum dominating approximately 55% of the space.
Total global RWA. Source: RWA.xyz
This wasn’t the only bullish news for Ethereum. Founder of MN Capital Michael van de Poppe he said that the approval of the CLARITY Act, i.e scheduled for Thursdaywould be a “huge boost for markets.”
Ethprofit.eth market analyst he said the CLARITY Act “looks extremely bullish for Ethereum,” while Bitcoin Mami he said “institutional demand runs wild after the CLARITY Act,” pushing the ETH price to $10,000.
Polymarket bettors estimate the CLARITY Act to be 60% likely to pass in 2026, down 5% in the last 24 hours.
Chances of the CLARITY Act coming into force in 2026. Source: Polymarket
If the CLARITY Act becomes law, Ether is expected to surge, as seen in July 2025 when the signing of the GENIUS Act preceded a 65% boost in the price of ETH to its current record high of $4,950 from $3,000.
