Ethereum is starting to make noise again, and this time, it might not be a drill.
At the time of writing, ETH is trading at $2,617.05. That might not seem too exciting on its own, but when you zoom out and look at the big picture, the setup is starting to look explosive. A new chart shared by Carl Moon on X with his 1.5 million followers shows Ethereum forming a massive symmetrical triangle that’s been developing since the 2021 peak. This pattern usually ends in one thing: a breakout. And if the breakout happens as expected, the target could be around $8,000.
What makes this chart even more convincing is the timeline. We’re getting closer to the apex of the triangle, and the ETH price has already bounced off the lower trendline. That means the next few months could be decisive. The green path drawn on the chart shows a possible breakout scenario where Ethereum first pushes above the triangle, comes back down to retest it, and then flies. The final leg of that projection ends at $8K – a 137% move from current levels.
#Ethereum will go absolutely parabolic this cycle! No doubt about it.
— Carl Moon (@TheMoonCarl) May 30, 2025
The real question is, have you stacked enough?🤔 pic.twitter.com/7BUDNyQvet
But this isn’t just a story of lines and candles. Big money is starting to act, too. On June 2, BlackRock bought 19,070 ETH, worth roughly $48.4 million. That’s not a small bet, and it’s definitely not a random buy. When one of the largest asset managers in the world picks up that much ETH in a single day, it’s worth paying attention. Moves like this don’t happen unless there’s strong conviction behind the scenes.
All eyes on Ethereum 👀
— $SHIB KNIGHT (@army_shiba) June 3, 2025
🚨 BlackRock scooped up 19,070 #ETH worth ~$48.4M on June 2, 2025! pic.twitter.com/glWLN0eHKo
There’s also a growing belief that Ethereum is gearing up for a major run this cycle. A viral tweet put it simply: “Ethereum will go absolutely parabolic this cycle. No doubt about it. The real question is, have you stacked enough?” It’s dramatic, sure, but it taps into a larger feeling spreading through the market. ETH has been consolidating, building, and quietly becoming more deflationary since the Merge. Meanwhile, Ethereum’s role in real-world asset tokenization, L2 adoption, and smart contract security keeps expanding.
So while price action today might still look modest, all the ingredients for a major breakout are falling into place. If this chart plays out the way it suggests – and if institutions like BlackRock keep accumulating – Ethereum might not stay under $3,000 for much longer.
Read also: Bitcoin to $200k? Here Are Latest BTC Price Predictions by Crypto Experts
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