The post Will BlackRock’s $100M Buy Propel Ethereum to $3,500? appeared first on Coinpedia Fintech News The Ethereum price is once again at the center of attention as a wave of bullish signals has emerged, raising odds for a rally soon. This optimism is due to advanced institutional interest and on-chain metrics reflecting whale accumulation. The current bullish sentiment has boosted market-wide sentiment, and analysts are eyeing a breakout towards $3,500 in the short term. BlackRock Buys, Whale Wallets Expand According to CryptoGoos, BlackRock reportedly bought $100 million worth of Ethereum in the past 7 days, which clearly shows aggressive purchases by the world’s largest asset manager. This signals renewed institutional conviction in ETH’s future. BREAKING: BLACKROCK BOUGHT $100,000,000 WORTH OF $ETH THIS WEEK. WHALES ARE LOADING UP! pic.twitter.com/UFqmGgKc7P — CryptoGoos (@crypto_goos) July 5, 2025 Backing this up, on-chain data displayed by Santiment also reveals a steady advancement in the holdings by wallet addresses with 1,000 to 100,000 ETH, indicating mid- to large-sized whales have been accumulating since mid-May. Also, as of early July, these addresses continue to rise, suggesting a consistent rise in confidence. Record Shorts Could Trigger a Squeeze Interestingly, while accumulation surges, speculators on CME have built one of the largest short ETH futures positions in history, according to Barchart . This extreme bearish positioning has caught the attention of analysts who are now raising odds of a possible short squeeze scenario. RECORD amount of $ETH shorts while Ethereum adoption is spiking Ready for the massive short squeeze pic.twitter.com/EWOqPbcOBJ — Quinten | 048.eth (@QuintenFrancois) July 5, 2025 Quinten Francois adds further fuel to this view, pointing to a surge in Ethereum adoption and inflows via bridged assets and stablecoin usage on Artemis. This growing demand, with overloaded short positioning, creates the perfect setup for a forced short-covering rally. [post_titles_links postid=”478865″] Box Breakout in Play: $3,500 on the Horizon? Technically, Ethereum has been stuck in a sideways “box range” for weeks, but momentum is shifting. According to Mister Crypto, ETH recently performed a liquidity sweep below the box range, often a precursor to a breakout in the opposite direction. He believes a breakout from the upper box border near $2,500 could launch ETH toward $3,500 in the short term. The bottom is in. $ETH is about to explode! pic.twitter.com/HIzPJKnhCN — Mister Crypto (@misterrcrypto) July 5, 2025 This sentiment is echoed by Ted Pillows, who notes Ethereum is “flipping $2,500 resistance into support.” Marcus Corvinus takes it further, setting sights beyond $3,500, should the $2,500 mark hold. Combined with BlackRock’s recent buy and whale wallet growth, these chart signals are gaining credibility. [article_inside_subscriber_shortcode title=”Never Miss a Beat in the Crypto World!” description=”Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.” category_name=”Price Analysis” category_id=”6″] FAQs How much Ethereum does BlackRock currently hold, and how does this recent $100 million purchase fit into their strategy? BlackRock is a significant holder of Ethereum. As of early July 2025, reports indicate BlackRock’s iShares Ethereum Trust (ETHA) holds around 1.57 million ETH, valued at over $3.85 billion, representing a substantial portion of the total ETH ETF market. The recent $100 million purchase (or specifically, $85.4 million on July 3) is part of their aggressive accumulation strategy, reflecting growing institutional confidence and a strategic pivot towards Ethereum. Is BlackRock’s involvement a definitive sign of institutional adoption, or could it be a short-term move? BlackRock’s substantial and continuous accumulation of Ethereum, following their success with Bitcoin ETFs, is widely seen as a definitive sign of increasing institutional adoption. While some short-term tactical trades may occur, their overall strategy, characterized by low fees and consistent inflows into their ETF products, points to a long-term commitment to integrating digital assets into traditional finance, legitimizing crypto investments for a broader institutional audience.