Ethereum’s native token, Ether (ETH), has faced a tumultuous journey, suffering a significant drop in value over the past three months. From a high of $4,100 in December 2024, it tumbled to approximately $1,750 by March 2025. However, current indicators suggest that Ether is primed for a notable price rebound as it tests a critical support zone.
Technical analysis reveals a promising outlook for Ether as it revisits a long-term support area. Historical trends indicate that rebounds from such multi-year support levels often precede explosive rallies. Previous cycles have experienced mind-boggling gains, with notable increases of over 2,000% and 360%. As of March 23, the ETH/USD trading pair was hovering around $2,000, positioning it well for a potential surge.
A bounce from this support zone could propel Ether toward the significant psychological level of $3,400 by June, marking a 65% increase from where it currently stands. This upward movement aligns with the lower boundary of Ether’s established descending channel resistance, making it a pivotal point for traders.
Recent developments highlight growing institutional interest in Ethereum, particularly with BlackRock’s BUIDL fund significantly increasing its holdings in ETH. The fund now boasts a record $1.145 billion investment in Ether, a rise from $990 million just a week ago. BlackRock’s strategy mainly revolves around tokenized real-world assets (RWAs), reinforcing Ethereum’s position as a foundational platform for this market.
The expansion of BlackRock’s crypto portfolio signifies enhanced institutional confidence in Ethereum, reflecting a belief in its lasting value and utility. This trend towards institutional entry points to a broader acceptance and potential upward pressure on Ether’s price as more significant players enter the space.
Further supporting the bullish narrative, recent on-chain data reveals a pronounced uptick in whale accumulation. Since March 12, 2024, addresses holding between 1,000 and 10,000 ETH have increased their holdings by 5.65%. More strikingly, the cohort of addresses holding between 10,000 and 100,000 ETH has surged by 28.73% in the same timeframe. This accumulation trend among large investors not only underscores confidence but also suggests a strategic positioning for the anticipated market shifts ahead.
As Ether’s technical rebound coincides with institutional investment and increased accumulation among whales, the crypto community watches closely, anticipating what lies ahead for Ethereum in a rapidly evolving market landscape. Investors are encouraged to conduct thorough research and consider market conditions before making investment decisions.
