BlackRock Buys Big: What Next for ETH Price After $375M Purchase?

BlackRock Invests $375M in ETH: What's Next for Ethereum Price?

A massive Ethereum  transaction has just caught the attention of the crypto industry. A single whale has acquired approximately $153 million worth of Ether through a fresh wallet address. The purchase was made via Galaxy Digital’s over-the-counter (OTC) desk, signaling growing confidence from large-scale investors.

Institutions Accelerate Ethereum Accumulation Strategy

According to Arkham Intelligence, the receiving address 0xdf0A67Ded855F8ea4baB6399690883243c0e2EF3 is newly generated, hinting at strategic accumulation. The transfer of such a significant amount highlights the increasing appetite for Ether among whales and institutions alike. These high-net-worth transactions often precede market movements or long-term holdings.

In a separate development, BlackRock has also intensified its involvement with Ether. This week alone, the global asset management giant purchased $375 million in ETH. With this move, BlackRock’s total Ether holdings have reached an estimated $11.32 billion, equivalent to 2.46% of Ethereum’s total circulating supply.

Source: Tweet

This activity from one of the world’s most influential financial entities underscores ETH growing appeal in institutional portfolios. With whales and traditional finance players making aggressive moves, market sentiment appears to be shifting bullishly in favor of Ethereum.

Ethereum Struggles Near $4K As  Bullish Mounts Pressure

The ETH price has recently shown signs of consolidation after a significant rally, hovering just below the $4,000 resistance level. As of July 31, 2025, ETH is trading around $3,775, reflecting a slight surge of 5%.

The MACD has shown a bearish crossover, with the MACD line dipping below the signal line, suggesting that bullish momentum is weakening. The histogram has turned negative, confirming the loss of recent upward drive.

Meanwhile, the RSI stands at 72.54, signaling that Ethereum remains in overbought territory. This condition often precedes a price correction or consolidation phase. A recent drop from the peak RSI value of 80.26 further supports this expectation.

The resistance at $4000 is proving to be a good psychological and technical resistance price. ETH has approached this level on several occasions during the recent sessions, but it has not managed to clear it.

Source: Tradingview

On the negative, the first support is at $3,700. Any break of the current level may start new reasons of selling, possibly bringing the price to the nadir of $3,500. Beneath that, the exceptionally bullish support at the $3,200 level is still an essential support level as that zone has been accumulated recently.

Assuming that the bulls reestablish their mojo and rush beyond the $4,000 mark, the next upside objectives might feature $4,200 and $4,400. But the inability to hold its present positions can spell a correction, with $3,500 and $3,200 being important points in the bear reloading attempts.