Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Can Ethereum’s price rally to $2,400 after BlackRock’s latest bet?

Can Ethereum’s price rally to $2,400 after BlackRock’s latest bet?

AMBCryptoAMBCrypto2026/02/27 07:03
By:AMBCrypto

The broader crypto market has exhibited signs of renewed life recently. Bitcoin, for instance, pushed higher on the charts and liquidity followed.

Similarly, Ethereum reclaimed $2,000 and held it above it. That level mattered both psychologically and structurally.

Risk appetite has returned across major cryptos too, with capital rotating into large caps first. Including Ethereum. Hence, there is a key question to be addressed – What might help ETH sustain its strength above $2,000?

Ethereum dominates RWA growth in 2025

Ethereum [ETH] closed 2025 with $12.2 billion in RWA value locked. BNB Chain [BNB] trailed at $2.08 billion, while Solana [SOL] followed with figures of $1.18 billion.

Liquid Network stood at $974.8M, while Stellar [XLM] reached $890.2M. Arbitrum [ARB] posted $719.8M, and Others combined totalled $2.5 billion. Simply put, Ethereum alone surpassed the combined total of the aforementioned five chains.

Can Ethereum’s price rally to $2,400 after BlackRock’s latest bet? image 0

Source: X

This is not incremental leadership though. It is structural dominance. The gap is illustrative of who the king of altcoins is. Institutions did not choose Ethereum by accident. They chose liquidity depth, custody integrations, and settlement reliability.

RWA growth is infrastructure gravity, not just a passing narrative.

BlackRock fuels institutional ETH demand

On 26 February, over $157,200,000 flowed into Ethereum ETFs. BlackRock added another $31,300,000 in direct Ethereum exposure. This did not seem to be a case of passive positioning though. It was risk-on capital entering with conviction.

Can Ethereum’s price rally to $2,400 after BlackRock’s latest bet? image 1

Source: X

As expected, Ethereum’s price responded clearly to that buying pressure. The market looked constructive, and the acceleration followed institutional demand.

However, consistent buying across the broader market would be required to maintain this structure. Sustained inflows also would keep momentum intact and support continuation.

$2,000 reclaimed – Why $2,150 break could trigger $2,400 rally

Finally, on the price charts, something big appeared to be unfolding rapidly under the surface too.

ETH’s price reclaimed the psychological $2,000-level and held it firmly. Here, it is important to emphasize that failure to hold on would damage confidence quickly. The next resistance stands at $2,150.

Can Ethereum’s price rally to $2,400 after BlackRock’s latest bet? image 2

Source: TradingView

Break that level decisively, and $2,400 will come into focus. As far as the altcoin’s short-term fortunes are concerned, continuation will depend on sustained strength above $2,000.

At the time of writing, the altcoin’s structure was prepared for such a possibility. However, the market must wait patiently for confirmation.

Final Summary

  • Ethereum’s RWA dominance reinforced its long-term structural leadership across institutional tokenization markets and settlement infrastructure.
  • A decisive break above $2,150 could significantly accelerate bullish momentum and open the path towards $2,400.
0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!