Ethereum's native token, Ether, is poised for a potential rally towards $3,400 by June, following significant support at approximately $2,000. Despite a price drop from $4,100 in December 2024 to around $1,750 in March 2025, a bounce from this historical support zone could lead to a rebound of approximately 65%. The bullish sentiment is strengthened by BlackRock's BUIDL fund holding over $1.145 billion in Ether, signaling rising institutional confidence in Ethereum as a leading platform for cryptocurrency. This trend is further illustrated by on-chain data indicating a rise in ETH holdings among large investors, with those holding between 1,000 and 10,000 ETH increasing their stakes by 5.65%, and the 10,000 to 100,000 ETH cohort rising by 28.73%.

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