Crypto market soaring as Ethereum approaches unprecedented peaks, amid conflicting institutional indications: Predicting the future developments.

Ethereum [ETH] has reached a new milestone, trading at $4,737 at press time, just under its all-time high of $4,891 set in November 2021. This surge in price, however, is not entirely driven by positive signals from institutions, as there is a divergence in sentiment among various players in the market.

According to data sourced from TradingView and Glassnode, no new information about the price movement and market sentiment was provided. However, the Relative Strength Index (RSI) for Ethereum is at 62.8, indicating strong momentum but not yet overbought. The Moving Average Convergence Divergence (MACD) for Ethereum shows waning bullish momentum, as the histogram has turned red.

Despite this, some institutions remain bullish on Ethereum. BlackRock, one of the world's largest asset managers, recently purchased $233 million worth of ETH, showing long-term conviction in the asset. The Trump's World Liberty fund also made a notable acquisition, spending $5.025 million USDC for 1,076 ETH at $4,670.

In recent days, Ether-Treasury companies such as Sharplink Gaming and Bitmine Immerisoin, along with Ether ETFs including the BlackRock ETF, have purchased significant amounts of Ether. Collectively, they have acquired around 4.9% of the circulating supply since June 2025, despite some institutions announcing their exit. Notably, The Ether Machine bought nearly 15,000 ETH for about $57 million as part of a long-term accumulation strategy.

On the other hand, U.S. spot ETFs have been under pressure, with Ethereum ETFs recording a staggering 111k ETH in outflows. This divergence in sentiment among institutions is reflected in the market, with some cashing out while others continue to buy.

Arthur Hayes, a major voice in crypto, has actively swing-traded ETH and predicted Ethereum could surge to $10,000-$20,000 before the end of this cycle. In a recent Crypto Banter interview, Hayes argued that "the chart says it's going higher, you can't fight the market."

The upward move in Ethereum's price was observed after the Jerome Powell Jackson Hole speech. However, short-term corrections are still likely due to recent market volatility. No new information about Ethereum's price attempting another run at its historic peak or short-term corrections was provided.

In conclusion, while there is a mixed response from institutions in the Ethereum market, some big names continue to buy, driving the price to new highs. The overall sentiment remains bullish, with predictions of Ethereum reaching $10,000-$20,000 before the end of this cycle. However, market volatility may lead to short-term corrections.