Ethereum’s Bullish Cycle Returns: With Grayscale’s Spot Staking ETP Launch, Is ETH on Track to Hit $7,331?

Updated

October 7, 2025

Gambar Ethereum’s Bullish Cycle Returns: With Grayscale’s Spot Staking ETP Launch, Is ETH on Track to Hit $7,331?

Jakarta, Pintu News – The price of Ethereum is attracting major attention once again after it managed to break and hold an important resistance level, reinforcing the optimistic sentiment in the crypto market as a whole.

In recent sessions, ETH’s price movements have shown a strong correlation with various institutional developments that seem to favor a long-term accumulation phase.

Various technical analyses and projections now indicate that Ethereum may be entering a new phase of growth, driven by a combination of technical factors and institutional fundamentals. This reflects the growing belief that ETH has the potential to continue its uptrend amid strong support from major market participants and the development of its maturing ecosystem.

Ethereum Price Holds Firm, Analysts Predict Breakout to $7,331

Ethereum price continues to show strength by holding above the previous resistance level of $4,000, which has now turned into a strong support area, while the market price is currently moving around $4,520.

According to crypto Mags analysts, Ethereum managed to break this level after 1,146 days of consolidation, forming a strong foundation for the next leg up.

The analyst believes that several failed attempts at breaking resistance in previous cycles have now developed into structurally confirmed breakouts, signaling increased market confidence in the asset.

$ETH is going to $7,331

Ethereum broke out above the $4,000 level after 1146 days of consolidation from its bottom.

In this bull cycle, the price attempted three times to break out above it but failed.

The price finally broke out on the 4th attempt back in August and has been… pic.twitter.com/kEOfwBA1IY
— Mags (@thescalpingpro) October 6, 2025

In the chart shared by the analyst, Ethereum recorded three rejections at the $4,000 level before finally breaking through on the fourth attempt. Thereafter, the price of ETH remained stable above the psychological boundary, indicating reduced selling pressure and increased holder confidence.

Ethereum could Rise up to 125%?

Analysts also highlighted a fakeout around the $3,800 level, which soon reversed to form a V-shaped recovery pattern, signaling strong buying interest in the market.

Technically, the analysis shows that the 1,618 Fibonacci extension coincides with the $7,331 price target, which is the long-term projection within the framework of a solid bullish trend.

Meanwhile, a report from the CoinGape website provides a similar view, estimating that Ethereum could rise to $8,600, equivalent to a 125% increase based on its historical movement.

As such, Ethereum’s continued consolidation above $4,000 is seen as a jumping-off point for the next major uptrend.

Grayscale ETP Launch: Institutional Catalysts Reinforcing Ethereum’s Bullish Bias

etf ethereum grayscale — Source: Cryptoslate

Grayscale’s approval of an ETP spot staking product for Ethereum marks the start of a new institutional phase for the asset.

The company confirmed that the Grayscale Ethereum Mini Trust ETF (ETH) and Ethereum Trust ETF (ETHE) became the first products in the United States to allow investors to earn staking rewards directly – an important breakthrough for regulated and regular yield exposure.

In addition, Grayscale Solana Trust (GSOL) also plans to add a staking feature after obtaining ETP uplisting approval, strengthening institutional adoption across major networks.

Simultaneously, Tom Lee’s BitMine recently added $820 million worth of Ethereum holdings, reflecting the confidence of institutional funds that has returned with this development.

The timing of the launch of these various milestones coincided with Ethereum’s recent price breakout, thus further strengthening the bullish sentiment among investors. Ultimately, the convergence of ETP innovations and institutional capital inflows are the key drivers strengthening Ethereum’s long-term prospects in the market.

Conclusion

Ethereum’s (ETH) rise above the $4,000 level is in line with the increasing impetus from institutional factors fueling renewed optimism towards ETH prices. Grayscale’s launch of spot staking ETPs, along with BitMine’s $820 million Ethereum buyout, further strengthened market confidence in the asset’s resilience.

If Ethereum is able to maintain its position above key support levels, the potential for an increase towards the $7,331 target as projected by analysts is wide open.

Overall, both in terms of technical structure and institutional momentum, Ethereum’s bullish trend seems to have room to continue further.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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