Experts Prediction ETH Breakout $6K After Blackrock Ethereum Purchase

ETH news is making headlines in the crypto industry today, because the BlackRock Ethereum Purchase worth $92.6 million has caught everyone’s attention.

At the same time, the official reports suggest the company sold more than $1 billion in Bitcoin. This sudden move has raised a big question — is ETH breakout $5000 on verge? Investors are now watching closely, as this shift could mark the start of crypto’s next big rally.

BlackRock Ethereum Purchase: $92.6M Bet After Bitcoin Exit

As per Ash crypto latest X post , The BlackRock buy worth $92.6 million is making headlines.

At the same time, the company sold over $1 billion in Bitcoin. This sudden change is creating strong discussion in the market.

Earlier today, the company also bought 413 Bitcoin worth $46 million and 73,864 altcoins worth $342.6 million

Why did they do this? Many believe the firm sees more growth in this altcoin right now compared to BTC.

Merlijn Trader Ethereum Targets: $4,800 Hit, $6,000 Next?

Crypto analyst Merlijn Trader shared his price roadmap on X:

• Target $4,000 reached

• Target $4,800 reached

His view: the quiet phase is over, and a big move could be starting. He even said missing this setup may force traders to buy the token above $6,000. This matches perfectly with the BlackRock Ethereum Purchase , showing that big players are preparing early.

Bullish Price Setup: Technical Chart Signals Strength

Here’s the TradingView technical chart analysis as per my observation;

• RSI at 63 → positive momentum, not too hot.

• MACD → close to turning bullish again.

• Support around $4,400–$4,500 is holding.

This makes the case for an eth breakout $5000 very strong. Overall, the bullish trend looks healthy and steady.

ETH vs BTC: Why does BlackRock Dump Bitcoin?

The move is clear — BlackRock dumped Bitcoin and picked $ETH . Crypto king is still the largest coin, but this altcoin has DeFi, staking, and tokenization. That makes it attractive for institutions. This accumulation shows that big money is now considering altcoin as a leader in the next crypto breakout cycle and even for its treasury assets.

Ethereum Price Prediction Key Levels

With momentum and buying interest, here’s the outlook:

Short-Term: $4,400–$5,000 zone.

Mid-Term: If $5K breaks, it could jump toward $5,500–$6,000. This also aligns with what cryptocurrency analyst Merlijin the trader was expecting above.

Long-Term: Wider adoption and ETFs could push the coin to $7,000–$8,000.

Conclusion: What Traders Should Watch Next

BlackRock Ethereum purchase and exit from $BTC is a huge shift. It highlights the rise of altcoin institutional buying and growing trust in ETH price breakout prediction.

For traders and investors, the $5,000 level is the key test. If the token breaks it, the $92.6 million buy may mark the moment for the token's next big rally.