Ethereum News: Potential Price Surge as BlackRock Accumulates Record Holdings

A look at the latest developments in the Ethereum market, including the potential for a significant price increase and institutional investment from major players like BlackRock.

Best Presales to Buy as BlackRock’s Ethereum Holdings Cross Record $1B

Ethereum is currently trading around the $2K level, which is a major support zone and the bottom of a prominent trendline. In the past, when $ETH bounced off this trendline, it surged by significant percentages. If the scenario repeats, $ETH could reach $3.5K in the next few weeks. BlackRock has accumulated a record amount of Ethereum, highlighting the opportunity for institutional investors to add $ETH to their portfolios. This presents an opportunity for retail investors to match their ROI by buying the best presales.

Coinbase’s Paul Grewal Criticizes US Treasury’s Decision on Tornado Cash Lawsuit

Paul Grewal, Coinbase’s Chief Legal Officer, has condemned the U.S. Department of the Treasury’s decision to dismiss the Tornado Cash lawsuit without a final ruling. A court ruling had challenged the Treasury’s authority to sanction Immutable smart contracts, raising concerns over financial privacy and crypto-mixing regulations. Despite the Treasury delisting Tornado Cash, Grewal demands a final court judgment in the case.

Ethereum shows promise but faces critical resistance zone

Ethereum has shown steady price action with strong support between $1,886 and $1,944. Whale accumulation suggests potential for a breakout, but resistance around $2,250 remains a key hurdle. As ETH trades within a tight range, accumulation patterns and whale activity indicate a market at an inflection point, raising questions about whether this signals quiet strength or just temporary stability.

US Ether ETFs Face Record 13-Day Outflow Streak

US Ether exchange-traded funds (ETFs) have experienced a record streak of daily withdrawals, with nine ETFs shedding about $415 million over 13 consecutive days of net outflows. Ethereum’s price has declined by more than 52% from its December 2024 high of $4,107 and is currently down 42% since the start of 2025. During the week ending March 21, Ethereum funds saw a net outflow of $102.9 million, with BlackRock’s iShares Ethereum Trust ETF (ETHA) accounting for $74 million of that. This coincided with Ethereum’s price drop to around $2,075 from $2,200 on March 5. Sui and Polkadot also recorded significant outflows among altcoins.