Ethereum Eyes a Push Toward $4,800 as BlackRock Pushes for Staking in Spot ETH ETF

Key Points

1. Ethereum is holding above the $3,500 level, with potential to target the $4,600–$4,800 resistance if it remains above $3,500–$3,600.

2. ETH recently surged past $4,400 but is now in a corrective phase, trading at $3,450 at the time of writing.

3. BlackRock is seeking SEC approval to enable staking in its spot ETH ETF (iShares Ethereum Trust), which could offer a 3% annual staking reward.

4. If approved, BlackRock's ETHA would be one of the first U.S. spot Ethereum ETFs with built-in staking rewards.

5. The SEC has up to 45 days (extendable to 90) to respond to BlackRock's proposal.