【Shocking News】Will Ethereum (ETH) Experience a Explosive Rebound? $19.65 Million Investment Sparks Market Frenzy!

Ethereum (ETH) has once again become the market focus! Recently, BlackRock purchased nearly $20 million worth of ETH, attracting the attention of many institutional investors. As the protocol upgrade on May 7 approaches, can ETH break through key resistance and see a significant increase in price? Analysts' predictions are shocking the market!

Massive Purchase Boosts Bullish Sentiment

BlackRock purchased 10,897 ETH, valued at nearly $19.65 million, which has drawn widespread attention from the market. While this does not directly guarantee a price increase, large-scale institutional investments are often a significant signal of market confidence, and analysts are optimistic about Ethereum's future trend.

Price Faces Key Test at $1,850

Ethereum is currently facing strong resistance at $1,850, a price level it has failed to break through in recent weeks. Analysts believe that if ETH can stabilize above this level and maintain strong trading volume, it may experience a breakout. Otherwise, ETH may pull back again, with the target support level at $1,537.

Key Support Level Indicates Rebound Potential

From a technical perspective, ETH price may form a double bottom pattern, especially in the $1,537 to $1,800 range. Historically, this price range has provided support multiple times, and analysts believe this suggests that ETH may experience a strong rebound. If it can break through the upper resistance level of $2,045, the likelihood of further increasing to $2,000 also greatly increases.

Valuation Near Historical Bottom, Rebound Signals Obvious

According to on-chain metrics, ETH's current valuation is close to historical lows, which typically indicates that a market accumulation phase is about to arrive. Market analysts state that ETH's valuation is at low points similar to the market bottoms of 2022 and 2020, and historical data shows that significant increases often follow in the next 12 months.

Conclusion: ETH Faces Major Breakthrough Opportunity

With BlackRock's massive investment and the upcoming protocol upgrade, the Ethereum market is expected to welcome a new round of increases. Factors such as technical patterns, historical support, and market valuation all indicate that the current price level of ETH is attractive and may bring substantial returns to investors.