Ethereum Close to a Massive Rebound? BlackRock Anticipates a Possible Bull Run
Ethereum is back in focus. Its price is near a key point. Signs suggest it could jump 65%. BlackRock is quietly buying more ETH. They now hold over $1 billion. This mix of technicals and big investment puts Ethereum in a strong place.
Imagine the Ethereum logo bursting from broken charts. People watch, surprised. This shows Ethereum's rise and BlackRock's buying.
Ethereum fell from $4,100 in December 2024 to $2,000 in March 2025. Now, it sits at a level that could decide its future.
This level has led to huge gains before. Past rallies hit 2,000% and 360%. Crypto traders see this as a critical area.
The ETHUSDT chart on TradingView gives key info:
A strong support zone exists around $1,750-$2,000. This area has sparked rallies in the past.
The target for a bounce is $3,400 by June 2025. That's a 65% rise if the support holds.
If the price falls below the support, the 2-week EMA at $1,560 is the next possible support.
The $3,400 level is the bottom of a falling channel. This acts as resistance.
These things suggest a bounce is possible soon. This depends on trading volume and market stability.
BlackRock's Big Buy and Trust from Institutions
Besides the technical signs, big investors seem to trust Ethereum. BlackRock's BUIDL fund now holds $1.145 billion in ETH. This is up from $990 million just a week before.
This shows Ethereum's importance in BlackRock's tokenized asset plans. Tokenized assets involve representing real-world assets, like real estate or stocks, on a blockchain.
Another thing is happening on the blockchain. Big players, or "whales," are buying more ETH. Data from Nansen shows that addresses with 1,000 to 10,000 ETH have grown their holdings by 5.65%. Wallets with 10,000 to 100,000 ETH have grown by 28.73% since March 12, 2024.
This suggests that major investors expect the price to rise. The largest addresses, with over 100,000 ETH, have stayed mostly the same.
These moves by institutions and on-chain data point to new momentum for the crypto. If the technical conditions hold and buying continues, a turnaround could draw in more money. This would strengthen Ethereum's role as a key platform for tokenizing real-world assets.