Institutional actions often speak louder than slogans. Recently, Ethereum has been making quite a splash, from analyst target price predictions to a series of institutional applications. The market sentiment seems to be quietly shifting.

Let's first see what has happened. Analyst Tom Lee has set a target price of $62,500 for Ethereum. At first glance, it sounds a bit like a fairy tale, but the key isn't just his voice—it's the collective action of a group of heavyweight financial institutions behind him. BlackRock has officially filed for an Ethereum staking ETF—how significant is this? Think back to when they launched their Bitcoin ETF, and you'll understand the market impact. Once approved, it's like opening a door for retail investors, making compliant participation possible.

What’s even more noteworthy is JPMorgan's move. This bank, managing $4 trillion in assets, has directly brought its first tokenized money market fund onto the Ethereum network. This isn't just testing the waters—it's a recognition that Ethereum has become the underlying infrastructure for traditional high-end assets.

These two steps may seem independent, but they actually outline the same trajectory. BlackRock's application paves the way for retail investors, while JPMorgan's action signifies direct institutional capital entry. When the most influential financial players reach a consensus, it goes beyond mere price predictions—it becomes a reconfiguration of the financial system itself.

From this perspective, the next chapter may not only be about price appreciation but also about the large-scale mapping of traditional financial assets onto blockchain. The narrative power of the bull market is gradually shifting into the hands of those truly with influence.