Jakarta, Pintu News – Ethereum (ETH) has come out of a long consolidation phase, reigniting bullish sentiment in the market. Having been trading at $4,191 (9/8/25) after recording a daily gain of 5.84%, Ethereum is attracting huge interest from institutions, including the latest buyout by BlackRock.
Eric Trump publicly warned market participants betting against Bitcoin (BTC) and Ethereum to stop their moves, further lifting optimism.
Under these conditions, analysts like Captain Faibik predict Ethereum could shoot towards $12,000 in the next cycle. Before we go any further, what is the current price movement of ETH?

On August 11, 2025, Ethereum traded at roughly $4,333 — about IDR 70.53 million — marking a 1.76% gain over the past 24 hours. Over the course of the day, ETH dipped to as low as IDR 67.71 million before climbing to a high of IDR 70.60 million.
At the time of writing, data from CoinMarketCap shows that Ethereum’s market capitalization stands at around $523.2 billion, with daily trading volume falling 23% to $37.17 billion in the last 24 hours.
Read also: Bitcoin Surges to $121,000 Level Today (August 11): Where is BTC Headed Next?
The price of Ethereum is rumored to have the potential to head towards $12,000 or the equivalent of IDR 194 million, as investors consider selling or holding their assets. Recent price movements show a convincing breakout from a multi-year symmetrical wedge pattern, ending a long consolidation phase.
The long-term chart indicates a bullish surge that managed to break through the resistance level, with a target of $12,000 as projected by market analyst Captain Faibik.
This analysis refers to historical patterns where similar breakouts have triggered large rallies. However, a small correction is still possible before the price resumes rising.
The key is to keep the newly captured support level to maintain momentum. Overall, this breakout has shifted the market sentiment decisively in a bullish direction.
This rally was supported by strong buying volume and the creation of higher highs consistently, signaling trader confidence. This bullish formation is also in line with market conditions that favor long-term profit potential.
Recently, Wall Street analyst Tom Lee even set a $16,000 target for Ethereum, citing the price movement’s similarity to Bitcoin’s 2017 rally. Tom Lee’s analysis and Captain Faibik’s target are both within the bullish projection range.
With the support of increasingly active institutional investors, these targets are still considered realistic to achieve in the current market cycle. This combination of technical factors and sentiment is a strong bullish indicator for Ethereum’s price outlook.
The acquisition of over 65,000 ETH by BlackRock, valued at approximately $271.8 million, further strengthens Ethereum’s bullish outlook. This large purchase reflects strong support from large financial institutions and could potentially encourage other large-scale investors to make similar moves.
Read also: The 5 Crypto Companies Holding the Most Ethereum
This buildup of assets not only absorbs selling pressure, but also helps form a long-term price bottom. BlackRock’s entry is a contributing factor to Ethereum’s bullish narrative that many analysts are talking about.
Institutional buying of this scale could be the trigger for a significant long rally. Confidence in Ethereum’s potential continues to rise.
Adding to the sentiment boost, Eric Trump recently warned traders to stop betting against Bitcoin and Ethereum, implying an inevitable big rally.
This warning comes amid Ethereum’s price surge to the $4,100 level, which led to the liquidation of over $356 million worth of short positions in just 24 hours.
Sentiment-based rallies are often driven by the endorsement of influential public figures. The combination of bullish statements from well-known figures with large institutional buying can create strong momentum.
This synergy between large-scale capital flows and public support has the potential to accelerate Ethereum’s move towards ambitious targets. This trend makes analyst projections in the range of $12,000 to $16,000 more realistic to achieve.
In short, the breakout that Ethereum experienced, plus the massive accumulation by BlackRock and the bullish call from Eric Trump, have strengthened the prospects of further price increases.
However, this pace needs to be maintained by maintaining important support levels and being able to face challenging macroeconomic conditions.
Maintaining the bullish momentum will require support from crucial support levels and market stability, along with a lack of large sell-offs.
The $12,000 price target remains a positive projection, but its achievement will depend largely on continued institutional interest, stable market conditions, and the absence of significant selling pressure.
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