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Ethereum fell below $2,020 and entered a fresh decline, mirroring Bitcoin’s move, while BlackRock disclosed details of its staked Ethereum ETF, ETHB, including an 18% revenue share with Coinbase. The price now trades under $2,000, yet bulls defend $1,955 as filings reveal ETHB could become the largest Ethereum ETF by assets and staking yield.
Ethereum dropped under $1,965 and $1,950 after failing to hold above $2,020. The decline pushed ETH into a short-term bearish zone. Bulls stepped in near $1,925. The price formed a low at $1,928 and then started a recovery wave.
Soon after, ETH moved above $1,965. It also tested the 50% Fibonacci retracement from the $2,100 swing high to the $1,928 low. At present, Ethereum trades below $2,000 and the 100-hour Simple Moving Average. A bullish trend line forms with support near $1,955 on the hourly chart.
If bulls defend $1,955, ETH could attempt another rise. Immediate resistance sits near $2,015. The first key resistance stands at $2,035, which aligns with the 61.8% Fibonacci retracement level. Beyond that, $2,060 marks the next major barrier.
A clear break above $2,060 could send ETH toward $2,100. If the price clears $2,100, gains may extend to $2,150 or even $2,185 in the near term. On the downside, failure to clear $2,015 may trigger another decline. Initial support appears near $1,965.
Stronger support sits at $1,955 along the trend line. A break below $1,955 could push ETH toward $1,920. Further losses may drive the price to $1,880. The main support level remains near $1,825.
Meanwhile, BlackRock and Coinbase disclosed revenue terms for ETHB in a filing with the Securities and Exchange Commission. The document states both firms will take an 18% cut of staking revenue.
BlackRock dominates the crypto ETF market. Its Ethereum ETF, ETHA, holds over $9.1 billion in assets under management, according to DefiLlama data. Grayscale’s ETHE ranks second with about $2.3 billion in Ether holdings. In contrast, ETHB positions itself to become the largest Ethereum ETF.
Unlike earlier products, ETHB will generate staking yield. On Tuesday, the estimated annualized staking yield stood at 2.8%. The SEC approved Ethereum ETFs early last year, though those funds excluded staking rewards. In May, the organization issued guidance that clarified that certain staking products do not qualify as securities.
As a result, asset managers began filing for staking-enabled ETFs. Grayscale already offers staking through ETHE and ETH, while VanEck has also filed for a similar product.
Also Read: BlackRock’s Ethereum Bet in 2026: Why They Stay Bullish
ETHB will distribute 82% of staking rewards to investors. The remaining 18% will go to BlackRock, Coinbase, and related parties. The filing states that the arrangement creates a financial incentive for the sponsor to maximize staked Ether. Yet the fund will only stake between 70% and 95% of its Ether holdings. This range ensures the ETF can meet redemption requests. Staking an excessive portion could limit liquidity.
The filing warns that excessive staking may cause shares to trade at premiums or discounts to net asset value. Therefore, managers will balance yield generation with liquidity needs. While ETFs offer US investors familiar exposure to crypto, industry figures have raised governance concerns. Ethereum co-founder Vitalik Buterin recently warned about high ownership concentration on Wall Street.
He noted that heavy concentration could distort blockchain governance and create centralized chokepoints. As large asset managers expand staking products, the market now watches how ETHB may influence both price action and network structure.
Ethereum price stayed below $2,000 after slipping from $2,020, while bulls defended the $1,955 trend line. At the same time, BlackRock’s ETHB filing outlined staking plans and an 18% revenue split with Coinbase as the ETF market moves toward yield features.
