Ethereum Poised for Potential Breakthrough, Analysts Predict Significant Rally

Ethereum is showing multiple signs of a potential major price breakout, with analysts highlighting four key catalysts that could drive a substantial rally in the coming months.

Prominent analyst Axel Bitblaze points to several critical developments supporting Ethereum's bullish outlook. BlackRock's aggressive accumulation stands out as a primary indicator, with the investment giant purchasing 269,000 ETH worth approximately $673.4 million since May 9, 2025, without selling a single coin. This strategy mirrors BlackRock's earlier impact on Bitcoin's historic price surge and signals long-term confidence in Ethereum.

Key Indicators For an Ethereum Bull Run

Network activity provides another compelling argument for Ethereum's potential. The network recorded 42 million transactions last month, the highest since May 2021, with daily active addresses reaching 440,000 - a six-month peak. This surge reflects growing adoption, particularly in decentralized finance (DeFi) and stablecoin transactions.

The ETH/BTC ratio presents an intriguing technical indicator. After dropping to its lowest level in six years, the pair has already recovered by 30%, suggesting a potential trend reversal. The weekly relative strength index hit a record low, indicating the cryptocurrency may be oversold.

Institutional demand continues to build, exemplified by SharpLink Gaming's recent raise of nearly half a billion dollars to purchase ETH. The staking landscape further supports a bullish outlook, with 4.65 million ETH now locked - nearly 30% of the current circulating supply - pushing exchange supply to new lows.

Veteran trader Merlijn The Trader draws parallels to the 2017 bull run, suggesting Ethereum is structurally positioned for an even stronger breakout. "ETH is copying 2017... bar for bar," he noted, emphasizing the similar price tension and setup.

Looking Ahead: Bitblaze boldly predicts Ethereum could reach $6,000 to $6,500 by December 2025, with a potential peak above $9,000 in early 2026. Currently trading above $2,600 and having recovered more than 50% since early May, Ethereum appears to be gathering momentum for a significant move.