Ethereum (ETH) Price Prediction: 65% ETH price rebound in play by June

Ethereum's native token, Ether ETHUSD, has lost half of its value in the past three months, crashing from $4,100 in December 2024 to as low as around $1750

Ethereum’s native token, Ether ETHUSD, has lost half of its value in the past three months, crashing from December’s highs of over $4,100 to as low as around $1,750 in March.

Nevertheless, the cryptocurrency is now well-positioned for a sharp price rebound.

65% ETH price rebound in play by June

From a technical standpoint, Ether’s price is eyeing a potential breakout as it retests a long-term support zone.

Historically, bounces from this multi-year support have led to explosive rallies — most notably gains of over 2,000% and 360% during past cycles.

As of March 23, the ETHUSD pair was last seen trading at around $1,994, closely approaching the support area. A bounce from this zone can propel the token toward $3400 by June—up 65% from current prices.

This level coincides with the lower boundary of Ether’s prevailing descending channel resistance.

Conversely, a decline below the support zone could push the ETH price toward the 200-2W exponential moving average (200-2W EMA; the blue wave in the first chart) at around $1,560.

BlackRock’s crypto funds hold over $1B in ETH

Meanwhile, institutional confidence in Ethereum appears to be growing stronger.

Data from Token Terminal reveals that BlackRock’s BUIDL fund now holds approximately a record $1.145 billion worth of Ether, an increase from around $990 million a week ago.

The fund primarily focuses on tokenized real-world assets (RWAs), with Ethereum being the dominant base layer. Although the fund diversifies across chains like Avalanche, Polygon, Aptos, Arbitrum, and Optimism, its core allocation remains in Ethereum.

BlackRock's latest addition of ETH signals rising institutional interest in the cryptocurrency, particularly for its role as the leading platform for real-world asset tokenization.

Moreover, Ethereum’s bullish case is also being made by the sharp uptick in whale accumulation.

The latest onchain data from Nansen shows that since March 12, addresses holding 1,000–10,000 ETH have grown their holdings by 5.65%, while the 10,000–100,000 ETH cohort has seen an even steeper rise of 28.73%.

And though addresses holding more than 100,000 ETH remain relatively stable during this period, this accumulation trend underscores rising conviction among large investors.