Ethereum’s native token Ether (ETH) is not having a great time. Ether (ETH) has lost over half its value over the past three months. Nonetheless, new data indicates that ETH could be primed for a steep price recovery. BlackRock’s BUIDL fund now holds a record $1.145 billion worth of Ether, in indication of a heated institutional demand. The current technical analysis of the ETH/USD price chart appears primed for a breakout above resistance. This would produce an immediate $70+ price jump over the next several months.
BlackRock's Billion-Dollar Bet on Ether
Along with BlackRock’s BUIDL fund increasing its investment in Ether. It currently sits at just over $1.145 billion, according to Token Terminal. This figure is an increase from just about $990 million only a week before, showing a strong and increasing belief in Ethereum’s promise. Our BUIDL fund invests across-chain on Avalanche, Polygon, Aptos, Arbitrum, Optimism and more. It continues to ensure that Ethereum remains at the heart of its allocation strategy.
BlackRock, one of the largest institutional players, is making a significant play. This latest development underscores the continued importance of Ethereum to the overall blockchain ecosystem. This sharp increase in Ether holdings is a strong indicator of long-term bullish outlook on Ether that could help sway overall market sentiment.
Technical Indicators Suggest Bullish Momentum
The ETH/USD two-week price chart showing a breakout likely underway as price retests a multi-year support zone. ETH After plummeting from $4,100 in early December 2024 to just under $1,750 by mid-March 2025, ETH looks on the rebound. A rebound from this support area might propel the price to $3,400 by June. This increase would be even more astounding as a proposed 65% increase from today levels.
That technical analysis would suggest that the recent surprise and sharp $15 price drop has already found a cycle bottom. If that trend continues, a dramatic reversal could be just months away. Investors and traders are looking for these indicators as confirmation of a more sustained rally.
Accumulation by Large ETH Holders
Our data suggests that addresses with balances of 1,000–10,000 ETH have pumped up their bag sizes by 5.65% since March 12th, 2024. What’s more, the cohort holding 10,000–100,000 ETH has increased by an even bigger 28.73% through the same time frame. Addresses holding over 100,000 ETH have continued to grow.
This bullish accumulation trend amongst large ETH holders points to increasing conviction and confidence in Ethereum’s future. Their holdings, which make influential key investors even more influential, are growing. This may be indicative of a broader, positive shift in market sentiment, helping to further fuel a possible price rebound.
