Ethereum Price Prediction: Possible Pullback as BlackRock Doubles Down on ETH Over BTC

In a span of seven days, Ethereum price appreciated by over $1,000 as it jumped from below $2,600 to a local peak of $3,674.

As of the writing, the altcoin stood above the $3600 mark at $3 616 following a 6% increase in the past day.

Traders are, however, keeping a close eye on a short-term pullback since they have been on a fast run, leaving the market in an overheated state.

Ethereum Price Prediction: Rally Faces Correction Risk

Analyst Michaël van de Poppe flagged a potential pullback in his Ethereum price prediction, after the asset gained over 45% in a week.

In his chart update, he noted ETH has moved far above its former supply zone at $2,800.

This triggered concern about a possible exhaustion in buying momentum. According to the chart, a correction of approximately 11.7% is likely, targeting the $3,150–$3,200 zone.

Van de Poppe emphasized that ETH price rally is vertical and has entered overbought territory on the Relative Strength Index (RSI), especially on the daily timeframe.

The analyst shared a key zone marked as “liquidity on the long side,” warning that late entries could get liquidated if ETH price retraced to this lower support region.

He also pointed out that Fridays and Saturdays often present corrective phases after steep rallies.

Ethereum price has continued to rise as it shot out of a congestion zone between $2,400 and $2,800, which previously acted as resistance over the past months.

Once this hurdle was cleared, the pace accelerated and price rallied to levels not seen since January.

However, the pace of this move left behind a gap in terms of structural support. This means that a retracement to get the momentum going again is highly probable.

ETH Whale Accumulation and Institutional Flows Continue

Despite the pullback warning as per analyst’s Ethereum price prediction, institutional accumulation has intensified.

BlackRock’s latest Ethereum purchase has attracted attention, with the firm acquiring $547 million worth of ETH.

This surpassed its Bitcoin investment, which currently stands at $497 million. The disparity suggests BlackRock is buying over five times more ETH than BTC when adjusted by market capitalization.

Data from Arkham Intelligence revealed these figures, noting that Ethereum flows to BlackRock have increased since the beginning of July. At that time, the firm held $156 million in ETH and $125 million in BTC.

The increase in ETH exposure coincides with Nasdaq’s proposal to allow staking in BlackRock’s Ethereum ETF. This move is a key change in institutional strategy.

Additional firms have mirrored BlackRock’s shift toward Ethereum. Companies such as SharpLink Gaming and Bitmine Technologies have also raised their ETH holdings in recent weeks.

Ethereum ETF Activity and Treasury Accumulations Rise

In parallel with BlackRock’s strategy, Ethereum ETFs recorded over $1.3 billion in net inflows across the last two trading sessions.

This surge in ETF participation has provided additional support for Ethereum price action near $3,600.

The ETF interest reflects broader sentiment in institutional corridors, where Ethereum’s staking potential and infrastructure upgrades are receiving renewed focus.

Meanwhile, Nasdaq-listed Bit Digital has expanded its Ethereum treasury by acquiring 19,683 ETH through funds raised from a recent $67.3 million institutional offering.

This new acquisition pushed the firm’s total ETH holdings to 120,306 ETH, currently valued at around $438 million.

ETH Structure Supports a Healthy Reaccumulation Zone

Van de Poppe’s chart analysis also showed that Ethereum previously absorbed sell-side liquidity under $2,500 before launching the ongoing rally.

That accumulation phase made the breakout possible, which means that ETH momentum is based on past demand.

A pullback to $3,150 would align with previous resistance-turned-support and may offer a reaccumulation window.

In the meantime, analyst Michaël van de Poppe earlier noted that the ETH/BTC ratio had bounced off a key support point, which was last seen in 2020.

He suggested that this rebound may be an indication of a new rotation period when Ethereum will perform better than Bitcoin.