Ethereum has surged past the $2,000 mark for the third time this March 2026, driven by a significant influx of institutional purchases. BlackRock’s continued support, coupled with other institutional actions, has reinforced Ethereum’s standing even amid persistent market fluctuations. Ethereum is currently up against a significant barrier – Will it surge past it or stumble yet again? On 03 March 2026, BlackRock acquired $41.9 million in Ethereum, providing a significant lift to the market. In a notable turn of events, short-term ETF outflows reached $10.8 million, primarily driven by Fidelity’s significant $66.7 million in outflows.
Meanwhile, Grayscale’s ETHE experienced $4.7 million in outflows, contrasting with its Ethereum fund, which attracted $18.7 million in inflows. BlackRock’s bold move made one thing clear – it’s not about quick profits. The focus is on a sustained confidence in the future of Ethereum. This is a significant development. Ethereum’s price has been significantly influenced by institutional involvement, with BlackRock’s recent moves indicating that major players are committed for the long term. Their choice to continue purchasing amid market volatility clearly indicates their strong confidence.
As of 04 March, Ethereum’s network activity experienced a significant uptick, with daily active addresses soaring to 837.2k – an impressive increase of 82%. Santiment analysts report that there were 284.8k new Ethereum addresses created daily, marking a significant 64% increase.