Ethereum Price Prediction: Pullback Looms as BlackRock Bets Bigger on ETH Than BTC
- Is Ethereum's Rally Running Out of Steam?
- Why Are Institutions Going ETH Crazy?
- When Could the Correction Hit?
- FAQ: Your Ethereum Questions Answered
Is Ethereum's Rally Running Out of Steam?
ETH's price catapulted from $2,600 to $3,674 in just seven days - a $1,000+ moonshot that's left traders nervously checking parachutes. As I write this, ETH hovers at $3,616 (up 6% daily), but the Relative Strength Index (RSI) flashing "overbought" across trading platforms suggests we might be due for what my crypto-savvy barista calls a "vibe check."
The BTCC technical analysis team notes ethereum has blasted through its former supply zone at $2,800 like a bull in a china shop. This explosive movement created what chartists call a "support gap" - essentially price territory with minimal historical trading activity that could trigger a pullback toward $3,150-$3,200.
Why Are Institutions Going ETH Crazy?
BlackRock's latest crypto shopping spree tells a fascinating story: $547 million in ETH purchases versus $497 million in BTC. Adjusted for market cap, that's five times more ETH exposure - a staggering institutional pivot. Arkham Intelligence data shows their ETH holdings ballooned from $156M to $547M since early July, coinciding with Nasdaq's proposed rule change for BlackRock's spot Ethereum ETF.
Other players are following suit:
- Bit Digital added 19,683 ETH ($67.3M) to its treasury
- SharpLink Gaming increased ETH allocations
- Ethereum ETFs saw $1.3B net inflows in two sessions
When Could the Correction Hit?
Market analyst Michaël van de Poppe observes that ETH's vertical ascent resembles a SpaceX launch more than sustainable growth. His charts identify $3,150 as a likely "reaccumulation zone" where smart money might reload. Historically, Fridays and Saturdays tend to see profit-taking after big weekly moves - something I've personally witnessed wipe out overleveraged traders during previous cycles.
The ETH/BTC ratio bouncing at 2020 support levels suggests we might be entering an "altseason" where Ethereum outperforms Bitcoin. But remember December 2021? When everyone thought ETH WOULD flip BTC? Yeah... markets have a way of humbling predictions.
FAQ: Your Ethereum Questions Answered
How much could Ethereum correct?
Technical analysis suggests an 11.7% pullback to $3,150-$3,200 is probable before continuation.
Why is BlackRock buying more ETH than BTC?
The asset manager appears to be positioning for Ethereum's staking yields and potential infrastructure upgrades, with ETF plans accelerating accumulation.
When was Ethereum's last major correction?
ETH tested $2,400 support in June 2025 before the current rally, representing a 38% drop from its March highs.
