Ethereum eyes 65% gains from 'cycle bottom' as BlackRock ETH stash crosses $1B

Ethereum’s native token, Ether (ETH), has lost half of its value in the past three months, crashing from $4,100 in December 2024 to as low as around $1,750 in March 2025. Nevertheless, it is now well-positioned for a sharp price rebound.

From a technical standpoint, Ether’s price is eyeing a potential breakout as it retests a long-term support zone. Historically, bounces from this multi-year support have led to explosive rallies — most notably gains of over 2,000% and 360% during past cycles.

ETH/USD two-week price chart. Source: TradingView

As of March 23, the ETH/USD pair was hovering near $2,000, close to the given support area. A bounce from this zone can lead the price toward $3400 by June—up 65% from current prices.

This level coincides with the lower boundary of Ether’s prevailing descending channel resistance.

Source: Ted Pillows

Conversely, a decline below the support zone could push the ETH price toward the 200-2W exponential moving average (200-2W EMA; the blue wave in the first chart) at around $1,560.

Ether’s bullish outlook appears as institutional confidence in Ethereum grows stronger.

BlackRock’s BUIDL fund now holds approximately a record $1.145 billion worth of Ether, up from around $990 million a week ago, according to data from Token Terminal.

Capital deployed across BlackRock’s BUIDL fund. Source: Token Terminal

The fund primarily focuses on tokenized real-world assets (RWAs), with Ethereum remaining the dominant base layer. While the fund diversifies across chains like Avalanche, Polygon, Aptos, Arbitrum, and Optimism, Ethereum remains its core allocation.

BlackRock’s latest addition of ETH signals rising institutional confidence in Ethereum’s role as the leading platform for real-world asset tokenization.

Related: Ethereum open interest hits new all-time high — Will ETH price follow?

Ethereum’s bullish case also coincides with a sharp uptick in whale accumulation.

The latest onchain data from Nansen shows that since March 12, 2024, addresses holding 1,000–10,000 ETH have grown their holdings by 5.65%, while the 10,000–100,000 ETH cohort has risen by 28.73%.

Ethereum whale holdings. Source: Nansen

Though addresses holding more than 100,000 ETH remain relatively stable, this accumulation trend underscores rising conviction among large investors.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.