Ethereum Price Forecast: BlackRock launches staked ETH ETF

Ethereum price today: $2,060

• The iShares Ethereum Staked Trust ETF (ETHB) holds spot ETH and stakes a large portion of its assets.
• The product's capacity to generate yield could make it attractive to traditional allocators who favour cash-flowing assets.
• ETH remains range-bound near the $2,108 resistance.

Asset manager BlackRock expanded its digital asset suite with the launch of an Ethereum (ETH) staking exchange-traded fund (ETF) on the Nasdaq on Thursday, the firm's first crypto product that generates yield.

The iShares Ethereum Staked Trust ETF (ETHB) holds spot ETH and stakes a large portion of its assets, providing investors with price exposure and access to yield.

Ethereum's proof-of-stake consensus mechanism allows investors to lock up their tokens to validate transactions and secure the network. In exchange, participants receive extra ETH tokens as rewards.

ETHB comes with a 0.25% sponsor fee, but BlackRock has reduced it to 0.12% for the first year or first $2.5 billion. Coinbase will serve as its custodian and staking provider, with Figment, Galaxy Digital and Attestant (now Bitwise Onchain Solutions) as validators.

ETHB joins existing BlackRock crypto ETFs, iShares Bitcoin Trust (IBIT) and the iShares Ethereum Trust (ETHA), which have racked up about $55 billion and $6.5 billion in assets, respectively, since their launch in 2024.

BlackRock had previously stated that the launch of ETHB provides investors with choice, enabling those not interested in staking yields to focus on ETHA while other investors go for the new product.

According to most market experts, the product's ability to generate yield could make it attractive to traditional allocators who favour cash-flowing assets.

Meanwhile, several ETH ETF issuers, including Fidelity and Bitwise, are seeking regulatory approval to integrate staking within their products. Grayscale has already gotten the nod and enabled staking within both of its Ethereum ETF products.

Ethereum Price Forecast: ETH continues consolidation near $2,108 resistance

Ethereum saw $40.8 million in liquidations over the past 24 hours, driven by $21.1 million in short liquidations, per Coinglass data.

In the daily chart, ETH trades at $2,052. The near-term tone is mildly bullish as price holds above the 20-day Exponential Moving Average (EMA) clustered near $2,020 while remaining well below the declining 50-day EMA, which keeps the broader trend under pressure.

The Relative Strength Index (RSI) around 50 confirms a recovery from prior oversold conditions without signaling overextension, and the Stochastic Oscillator (Stoch) stabilizing near 60 highlights improving but not aggressive upside momentum. This configuration favors a gradual recovery phase, with dips above the short-term average attracting buyers while the medium-term downtrend cap remains in place.

Immediate resistance stands at $2,108, where recent highs converge with overhead supply, followed by a stronger barrier at $2,389 that aligns with the broader corrective ceiling. A daily close above $2,108 would open the way toward the $2,389 zone, while reclaiming the 50-day EMA overhead would reinforce the bullish case.

On the downside, initial support is seen at $1,741, ahead of $1,524, both marked by prior horizontal floors. A break below $1,741 exposes $1,405 as the next bearish target and signals a resumption of the broader downtrend.

(The technical analysis of this story was written with the help of an AI tool.)