Ethereum has reclaimed the $2,000 price level for the third time in March 2026, driven by significant institutional investment. On March 3, BlackRock purchased $41.9 million worth of ETH, providing crucial momentum despite some exchange-traded fund outflows. Concurrently, Ethereum’s network activity has surged, with daily active addresses growing 82% to 837,200. Analysts now watch to see if the asset can break through key resistance near $2,150 to target $2,400.
Ethereum’s price resurgence above $2,000 is being powered by a wave of institutional buying. BlackRock’s sustained backing has solidified Ethereum’s position despite ongoing market volatility.
On March 3, 2026, BlackRock bought $41.9 million worth of Ethereum, giving the market a solid boost. It isn’t about quick profits. It is about long-term belief in Ethereum’s future.
Despite $10.8 million in short-term ETF outflows led by Fidelity, Grayscale’s Ethereum fund brought in $18.7 million. Their decision to keep buying through market turbulence speaks volumes about their confidence.
By March 4, Ethereum’s network activity had surged dramatically. Data shows daily active addresses reached 837,200, representing an 82% increase.
According to Santiment analysts, 284,800 new Ethereum addresses were created daily, a 64% uptick. These figures are illustrative of Ethereum’s organic growth and adoption.
At the time of writing, Ethereum was trading at $2,075 and pushing against local resistance. The 4-hour timeframe chart revealed strong momentum, with an ascending triangle signaling that a breakout may be near.
Technical indicators like the MACD and RSI flashed signs of strong bullish momentum. Put simply, Ethereum’s price seemed poised to break through resistance and move towards $2,400.
