Ethereum Targets $10K as Schwab Opens Spot ETH Trading and BlackRock Tokenizes Funds

Charles Schwab has officially opened spot Bitcoin and Ethereum trading to a select group of retail clients this week, marking a pivotal expansion for the brokerage giant that previously offered crypto exposure only through ETFs and crypto-related equities. The firms Schwab Crypto accounts allow users to trade BTC and ETH directly alongside their other investments. CEO Rick Wurster had signaled a phased rollout would begin in the second quarter, and following a successful internal employee pilot, the firm confirmed that eligible clients on the interest list now have access. Shares of SCHW edged up roughly 1% on the day of the announcement.

Schwab clients will maintain a separate crypto account through the Schwab Crypto service, with Charles Schwab Premier Bank acting as custodian and blockchain infrastructure provider Paxos handling trade execution and sub-custody. The brokerage will charge a 75-basis-point fee per trade, with the service available in all U.S. states except New York and Louisiana. At the end of March 2026, Schwab reported $11.77 trillion in client assets across 39.1 million active brokerage accounts. The firms first-quarter adjusted net income reached $2.6 billion on $6.48 billion in revenue, up 16% year-over-year, underscoring the heft now flowing toward crypto rails.

Ether traders are eyeing a potential breakout as price action consolidates beneath stiff resistance at $2,400. ETH/USD was trading near $2,320 in recent sessions, up roughly 2% over 24 hours, but the pair failed to crack through the key ceiling last week amid spot ETF outflows and a rising balance on Binance that derailed an earlier recovery attempt. For bulls to confirm an uptrend continuation, the pair must reclaim and hold above $2,400, with the $2,450-$2,600 supply zone serving as the more decisive band that would signal a definitive trend shift back in favor of buyers.

Institutional adoption is increasingly a structural tailwind for Ether. JPMorgan and BlackRock are both preparing to launch tokenized funds on the Ethereum network, deepening the on-chain footprint of the largest traditional asset managers. The push complements Schwab‘s spot trading rollout and reinforces a thesis that the second-largest smart-contract network is becoming the default settlement layer for real-world asset tokenization. Analysts argue that as tokenized treasuries, money-market vehicles, and yield-bearing instruments migrate on-chain, the network’s fee burn and validator economics improve in tandem — a feedback loop that bulls expect to translate into sustained upside for ETH over the coming cycles.

On the chart front, several traders are sketching aggressive upside scenarios. Analyst Crypto Patels setup shows ETH trading inside a multi-year ascending triangle that has guided price action since 2020, with the asset bouncing off the lower trendline near $1,800 — a zone that previously launched major rallies. Patel sets an upside target band of $10,000-$15,000 and argues that ETH will outperform across this bull market cycle. A parallel call from CryptoJack points to a symmetrical triangle on lower time frames where Ether is consolidating ahead of a pump, with a breakout that could trigger a strong directional move in the near term.

A longer-horizon roadmap from analyst Celal Kucuker maps Ether on course for a potential move above $24,000, a target that would mark a substantial premium over the previous cycle‘s all-time high. Momentum indicators are aligning with the rebound thesis: Ether’s monthly relative strength index has cooled toward a historical support area near 42-45, a band that has preceded prior expansion phases on the two-week and monthly time frames. Buyers will be definitively back in control once the ETH/USD pair clears the $2,450-$2,600 supply cluster, confirming a trend shift and unlocking room toward the multi-thousand-dollar projections circulating among long-term bulls.

At press time, ETH was changing hands near $2,267 with a 24-hour decline of roughly 0.72% and a market cap above $273 billion. The RSI at 45.41 sits in neutral territory while MACD remains bearish, consistent with the sideways trend. Immediate resistance stacks at $2,273, $2,326 and $2,383, with the $2,400 level still the decisive bull-bear pivot. On the downside, support clusters at $2,220, $2,148 and $2,106; a daily close below $2,148 would invalidate the constructive setup and shift the bias toward deeper retracement. Reclaiming $2,400 on rising volume would be the cleanest signal that buyers have regained control.