Technical analysis by DanOxAm about Symbol ETH: Buy recommendation (6/29/2025)

🚨 Ethereum’s $10K Breakout Is in Sight — BlackRock’s Staking ETF Could Trigger a Historic Supply SqueezeAll eyes are on the SEC’s pending decision regarding BlackRock’s Ethereum Staking ETF, and if approval lands in July 2025, it could trigger one of the most powerful supply-side shocks in Ethereum’s history.This isn’t just about price speculation. It’s about structural demand meeting vanishing supply.🟢 Why This ETF Is a Game-ChangerBlackRock isn’t just filing for an Ethereum ETF—it’s filing for a staking-enabled ETF. That’s a huge distinction. This means:ETH held in the ETF will be staked, earning real yieldStaked ETH is locked and removed from circulationInstitutional capital gains exposure to yield + price upsideEthereum becomes a yield-bearing digital commodityIt’s no longer just “digital oil.” It’s now digitized yield, and institutions are hungry for real yield in a low-rate environment.📈 Technical Setup Is BullishETH is coiling under its former ATH of ~$4,800RSI shows no major bearish divergenceETH/BTC ratio shows signs of breakout after long consolidationBitcoin dominance is peaking → altseason rotation imminentAdd a major ETF approval catalyst to this technical structure, and ETH could move explosively.🔮 Ethereum Price Forecasts Post-ApprovalScenarioPrice TargetTimeframeConservative$6,000–$7,0002–4 weeks post-approvalUpside / Momentum$9,000–$10,000Q3 2025Supercycle Case$12K–$15KQ4 2025–Q1 2026Why $10K ETH is Realistic:Bitcoin’s ETF sparked $15B+ in inflows in <6 monthsETH has smaller market cap, so similar flows have outsized impactStaking ETF removes ETH from float, making price reflexively bullishTradFi gets exposure to yield + deflationary asset in one product🔥 This Could Be Ethereum’s “GBTC Moment”Remember how Grayscale’s GBTC product in 2020 created a reflexive premium and drove massive BTC inflows?This is version 2.0, with yield attached. And instead of retail FOMO, we now have pension funds, RIAs, and endowments allocating via regulated ETF rails.That’s not hype. That’s capital rotation—on-chain.🛑 Risks to WatchSEC delays or waters down staking componentMacro headwinds (rate volatility, geopolitical shock)ETF approval gets front-run and sells the newsBut even with these risks, the ETH supply structure is fundamentally stronger than during prior cycles. The burn is active. The float is tightening. And now TradFi wants in.✅ Conclusion: July Could Be Ethereum’s Tipping PointWith a BlackRock staking ETF on deck, a macro environment ripe for a Fed rate cut, and Ethereum sitting under its ATH with rising momentum…$10K ETH isn’t a moonshot—it’s the logical next leg.If approved in July, Ethereum may never trade below $5,000 again.🔔 Follow for updates on ETH ETF flows, ETH/BTC ratio breakouts, and altseason timing models.📊 Comment below—what’s your Ethereum price target if the ETF is approved?#Ethereum #ETHUSD #CryptoETF #BlackRock #Altseason #ETHAnalysis #CryptoNews #TradingView