๐ Ethereum's Bullish Momentum: $3,400 Target in Sight! ๐๐น
Ethereum (ETH) is showing strong bullish signals, with analysts predicting a potential rise to $3,400 by June 2025. This optimism is fueled by ETH retesting a key support zone that previously led to significant rallies of 2,000% and 360%.
Key Highlights:
๐ BlackRock's Confidence: The investment giant's BUIDL product now holds a record $1.1 billion in Ethereum, up from $990 million just a week ago, indicating growing institutional trust in ETH.
๐ Whale Activity: Over 120,000 ETH were purchased by large holders within a 72-hour window, showcasing strong accumulation.
๐ Exchange Outflows: A significant $1.8 billion worth of Ethereum was withdrawn from exchanges in early March, suggesting long-term holding strategies by investors.
Current Price: $2,492.32
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