Ethereum holds steady as BlackRock’s $56M bet fuels institutional demand
Ethereum’s price is holding steady within a tight trading range, currently at $3,179. The cryptocurrency has been moving between $3,000 and $3,100 as institutional investors ramp up their activity. Recent data shows significant buying interest from major players, including BlackRock, which is bolstering key support levels.
On Wednesday, spot ETH ETFs saw inflows of $57.6 million, with BlackRock alone contributing $56.5 million. This surge in demand came during a corrective phase, helping stabilise the price. The following day, December 12, 2025, BlackRock further expanded its holdings by acquiring over 44,000 ETH, reinforcing support zones in the accumulation area.
The current accumulation phase reflects strong institutional interest, particularly from BlackRock. With whale clusters holding substantial ETH reserves at critical price points, the market appears to be building a solid foundation. The next key levels to watch are $3,900 for a potential upside move or $3,000 if downward pressure returns.
