#BlackRockETHPurchase 🚀 Institutional Giant Shifts $69M from BTC to ETH – What’s Next? 🚀

BlackRock just made a seismic move, selling $561M in Bitcoin to acquire 27,241 ETH ($69.25M) via Coinbase Prime, signaling a strategic pivot toward Ethereum’s utility-driven ecosystem

🔥 Why This Matters:

- Institutional Rotation: BlackRock’s Ethereum ETF inflows hit $48.4M yesterday, while Bitcoin ETFs saw outflows.

- Technical Edge: ETH’s $2,500 support held strong amid the shuffle, with RSI at 54 (neutral but bullish).

- Market Impact: ETH/USDT volume spiked 16% to $18.15B, hinting at retail FOMO.

📊 Key Levels to Watch:

- Resistance: $2,550 (breakout could target $2,800)

- Support: $2,475 (critical hold for bulls)

💡 Pro Tip: Watch for ETH/BTC ratio reversal – BlackRock’s move may ignite altseason.

Did You Know? ETH’s MVRV Z-score mirrors 2020’s accumulation phase – a historic buy signal.

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