Ethereum News: Potential 65% Rebound on Horizon as BlackRock Boosts Holdings

Ethereum is showing signs of a potential rebound, with a technical analysis hinting at a 65% increase in price. Meanwhile, institutional investor BlackRock has increased its exposure to ETH, adding fuel to the bullish speculation surrounding the cryptocurrency.

Ethereum Potentially Close to Rebound; BlackRock Increases Exposure

Ethereum is in the spotlight as its price flirts with a decisive technical level, indicating a potential rebound of 65%. BlackRock has increased its exposure to ETH, surpassing one billion dollars in assets. This dual technical and institutional dynamic is positioning Ethereum for bullish speculation. The recent drop from $4,100 in December 2024 to $2,000 in March 2025 has placed Ethereum at a historically decisive technical level, which has previously preceded rallies of 2,000% and 360%. Crypto traders attribute strategic importance to this area.

Ethereum’s L1 Revenue Falls to $100K in 24 Hours

Ethereum (ETH) as an L1 protocol produced only a little over $100K in fees from direct transactions in the past 24 hours. Most of the other fees in the ecosystem were linked to apps and retained by the teams. According to DeFi Llama, the Ethereum chain now ranks among several smaller protocols in terms of fee production. However, the lower fee signals that Ethereum has achieved its goal of lowering gas prices, making regular transactions relatively inexpensive. The latest results follow a recent low for Ethereum gas prices, once again dropping under 1 gWei. Regular transactions now go as low as $0.02, while a DEX swap is as low as $0.28.

Coinbase CLO Critiques U.S. Treasury’s Claim on Tornado Cash Delisting

Paul Grewal, Coinbase’s chief legal officer, criticized the U.S. Treasury’s recent filing that seeks to moot the necessity of a final court judgment regarding Tornado Cash after delisting the crypto mixer from the sanctions list. The Treasury Department’s sanctions watchdog removed Tornado Cash and over 100 ether (ETH) addresses from the blacklist on Friday, following its alleged involvement in laundering funds stolen by the North Korea-linked Lazarus cybercrime group.

PwC Italy, SKChain Advisors to Build Blockchain-Based EU Digital Identity Product

PwC Italy is collaborating with SKChain Advisors to develop a European Union (EU) digital identity product. The product will enable European companies and their customers to securely access digital platforms, including those in Web3. It will be built on World Mobile Chain, a layer-3 network based on Coinbase’s Ethereum layer-2 Base, and utilize self-sovereign identity (SSI) technology, which gives users full control of their data. SSI leverages blockchain technology to distribute and store users’ data securely, eliminating the need for centralized identity providers.

Spot Ether ETFs See $401 Million in Net Outflows in March

U.S. exchange-traded funds tied to ether (ETH) experienced significant net outflows of $401 million in March, erasing gains from the first two months of the year. The redemptions amount to nearly 6% of the total $6.77 billion in assets held by spot ether ETFs. Only one day in March saw positive inflows, with $14.58 million added, compared to January and February inflows of $101 million and $60 million, respectively. Spot Bitcoin ETFs also faced withdrawals, but the scale was less severe relative to assets under management.