BlackRock Buys $41.9M in Ethereum as Price Rebounds Above $2,000

BlackRock purchased $41.9M worth of Ethereum on March 3, 2026, as ETH traded back above $2,000, data shared on X show. The purchase came despite $10.8M in short-term ETF outflows, including $66.7M from Fidelity and $4.7M from Grayscale's ETHE, offset by an $18.7M inflow into its Ethereum fund. By March 4, Ethereum's daily active addresses reached 837.2k, up 82%, while new addresses climbed to 284.8k per day, a 64% increase, Santiment data show. At press time, Ethereum traded at $2,075 near local resistance, with TradingView chart patterns and indicators pointing to bullish momentum; analysts cited in the data suggested a potential move toward $2,400 if ETH breaks above $2,150, though downside risk remains if ascending support fails.