<div id="readability-page-1"><p><span>Ethereum is back above $2,000 for the third time in March 2026, powered by a wave of institutional buying.</span></p><p><span>BlackRock’s sustained backing, along with other institutional moves, has solidified Ethereum’s position despite ongoing market volatility. Ethereum now faces a major wall – Will it break through or falter once again?</span></p><h2>BlackRock buys $41.9M in Ethereum, fueling momentum</h2><p><span>On 03 March 2026, BlackRock bought $41.9 million worth of Ethereum, giving the market a solid boost. </span></p><p><span>Despite $10.8 million in short-term ETF outflows, led by Fidelity with $66.7 million in outflows, Grayscale’s ETHE saw $4.7 million in outflows while its Ethereum fund brought in $18.7 million. </span></p><div id="attachment_575923"><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/03/trd.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="722" height="638" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/03/trd.png"/></p><p id="caption-attachment-575923">Source: X</p></div><p><span>BlackRock’s bold move made one thing clear – It isn’t about quick profits. It is about long-term belief in Ethereum’s future.</span></p><p><span>This is no small move. Institutions have been driving Ethereum’s price, and BlackRock’s actions have made it clear the big players may be in it for the long haul. Their decision to keep buying through market turbulence speaks volumes about their confidence.</span></p><h2>Network activity hits historic highs with 82% growth in active addresses</h2><p><span>By 04 March, Ethereum’s network activity had surged, with daily active addresses reaching 837.2k – Up 82%. According to Santiment analysts, 284.8k new Ethereum addresses were created daily too – A 64% uptick.</span></p><div id="attachment_575922"><p></p><p id="caption-attachment-575922">Source: Santiment</p></div><p><span>These figures are illustrative of Ethereum’s organic growth and adoption. The network is thriving, supported by real user growth, ensuring a strong future.</span></p><h2>Can Ethereum break $2,150 and reach $2,400?</h2><p><span>At the time of writing, Ethereum was trading at $2,075, pushing against its local resistance on the price charts. </span></p><p><span>The 4-hour timeframe chart revealed strong momentum, with an ascending triangle signaling that a breakout may be near. Clear this resistance, and $2,400 would be possible, setting ETH up for a major rally.</span></p><div id="attachment_575921"><p></p><p id="caption-attachment-575921">Source: TradingView</p></div><p><span>The MACD and RSI flashed signs of strong bullish momentum too. The MACD crossover was solid, and the RSI was gaining strength. </span></p><p><span>Put simply, Ethereum’s price seemed poised to break through resistance and move towards $2,400. However, if it loses the ascending support, there could be downside risk. However,</span><span> with aggressive institutional buying continuing, that outcome might be unlikely. </span></p><p><span>With strong institutional support and record network activity, Ethereum is ready for its next big move. The coming headlines will show if it can break free.</span></p><hr/><h2>Final Summary</h2><ul><li><em><span>Ethereum’s price surge has been driven by institutional buying and impressive network activity.</span></em></li><li><em><span>If Ethereum clears the $2,150 resistance, $2,400 will be the next target.</span></em></li></ul></div>

ETHV

CETH

<p>Ethereum's price has surged above $2,000, driven by institutional buying, particularly BlackRock's recent $41.9 million purchase. Despite some ETF outflows, Ethereum's network activity has seen an 82% increase in active addresses, indicating strong organic growth. Currently trading at $2,075, Ethereum is testing resistance at $2,150, with potential to reach $2,400 if it breaks through. Strong institutional support and bullish momentum suggest a positive outlook for Ethereum's future.</p>

- Ethereum has risen above $2,000, supported by institutional purchasing, particularly BlackRock's $41.9 million investment.  
- The network's activity has surged, with daily active addresses increasing by 82%, indicating significant organic growth.  
- If Ethereum surpasses the $2,150 resistance, it could potentially reach $2,400, bolstered by strong institutional support and bullish momentum.

Amb Crypto

VanEck Ethereum ETF

Grayscale Ethereum Mini Staking ETF

21Shares Ethereum ETF

Proshares Ether Strategy ETF

Bitwise Ethereum ETF

Invesco Galaxy Ethereum ETF

IShares Ethereum Trust ETF

Coinbase

Grayscale Ethereum Staking ETF

Franklin Ethereum ETF

Valkyrie Bitcoin and Ether Strategy ETF

BlackRock

Fidelity Ethereum Fund

Ethereum to $2,400? BlackRock’s latest $41.9M buy may be just the start it needs!