Ethereum is the Future of Finance, Says Ex-BlackRock Chief
Ethereum’s recent price movement has triggered renewed debate about its long-term role in global finance.
- Ethereum has dropped below an important technical support zone around $3,600.
- Analysts identify $3,300 as the next major support level to watch.
- Former BlackRock executive Joseph Chalom says Ethereum will form the digital backbone of Wall Street.
- Chalom’s firm, Sharplink, holds over $3 billion in ETH and actively stakes most of it.
After losing a key technical support level, ETH is now hovering around $3,558, with analysts warning of potential further downside toward the $3,300 mark.
According to market analyst Ted Pillows, Ethereum’s chart structure shows weakness after failing to hold above the $3,600–$3,700 resistance zone. He highlighted that the $3,300 area is the next crucial level to watch. If buyers fail to defend this range, Ethereum could register a new monthly low.
$ETH has lost another key support level.
The next major support is around the $3,300 level, and if it fails to hold, Ethereum could make a new monthly low. pic.twitter.com/Q2iDX84cSK
— Ted (@TedPillows) November 12, 2025
While short-term traders eye support zones, a major Wall Street figure sees Ethereum as the foundation for the next era of finance. Joseph Chalom, the former head of digital assets at BlackRock, believes the future of the financial system will be built on Ethereum’s network.
Ethereum as Wall Street’s Backbone
“Ethereum will not only be a blockchain, but the digital infrastructure of Wall Street,” Chalom said, underscoring that traditional financial institutions already rely on Ethereum’s ecosystem for its trust, liquidity, and security.
Chalom, now co-CEO of digital asset management firm Sharplink, played a key role in BlackRock’s digital transformation. He oversaw the expansion of the company’s Aladdin portfolio platform and contributed to several strategic crypto initiatives, including partnerships with Circle and Securitize, and the success of BlackRock’s spot Bitcoin ETF (IBIT).
The Institutional Case for Ethereum
Ethereum’s growing role in financial digitization is evident, Chalom noted, as the network hosts the majority of stablecoins, tokenized assets, and smart contracts in circulation today. “Over time, we won’t call it DeFi or TradFi; we’ll just call it finance, and its infrastructure will be Ethereum,” he added.
Ethereum’s staking model also makes it a unique yield-generating asset in the institutional landscape. With an average annual return of around 3%, Ether provides investors with both security and passive income opportunities.
Sharplink, the firm led by Chalom, currently holds more than $3 billion in ETH and plans to stake most of these holdings to generate additional returns for clients.
Market Outlook
Despite the long-term optimism from institutional leaders like Chalom, Ethereum’s near-term outlook remains uncertain. Technical indicators suggest that the loss of key support could extend the ongoing correction, especially if Bitcoin continues to trade sideways.
However, analysts emphasize that Ethereum’s fundamental position in global finance—combined with institutional staking adoption—could provide a strong floor for future growth once the current volatility subsides.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
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