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Ethereum eyes 65% gains from 'cycle bottom' as BlackRock ETH stash crosses $1B

cryptocurrency March 23, 2025
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Ether price is positioned to rally toward $3,400 by June as it retests a key support zone that previously triggered 2,000% and 360% bull runs.

Ethereum’s native token, Ether (ETH), has lost half of its value in the past three months, crashing from $4,100 in December 2024 to as low as around $1,750 in March 2025. Nevertheless, it is now well-positioned for a sharp price rebound.

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.

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ETH/USD two-week price chart. Source: TradingView

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