Ethereum’s price is expected to skyrocket, with some estimating that it could reach up to $10,000, propelled by a massive influx of institutional investment. This surge can be mainly credited to an increase in institutional interest and accumulation of ETH via Ethereum ETFs. Major financial institutions, such as BlackRock, are massively doubling down on Ethereum.

Interest from institutions in Ethereum has been on a consistent rise, fueled by the recognition of Ethereum’s potential and usefulness. This interest has further translated into substantial buying pressure, led primarily by the recently launched Ethereum ETFs. These ETFs offer institutions a more convenient and regulated method for investing in Ethereum.

BlackRock, also one of the largest issuers in general, has been leading the charge on this front, purchasing large amounts of ETH. We noted how large institutions have begun to accumulate Ethereum in droves. This reflects their deep belief in the long-term worth and promise of the cryptocurrency.

This new addition institutional buying into Ethereum should help the price of Ethereum go up, possibly breaking previous records significantly. As more institutions invest in Ethereum, it becomes more desirable and creates upward pressure on its price. The anticipated surge to $10,000 reflects the magnitude of institutional investment and the potential impact on the market.

As we’ve noted previously, institutional adoption is booming. Financial institutions are starting to enter the Ethereum ecosystem in droves. This continuous buying up of ETH by institutions should help make Ethereum’s dominance in the cryptocurrency space even more secure.