BlackRock dumps Ethereum, over $375M in a single day - Is the price of ETH ready to fall?
The price of Ethereum faces challenges after BlackRock, one of the largest asset management firms, sold over $375 million worth of Ethereum in a single day. This move has made some investors nervous, wondering if the price of Ethereum will drop further. Meanwhile, Remittix (RTX), a rapidly growing cryptocurrency, has seen impressive gains, already up over 500% in 2025.
Ethereum Price: BlackRock's sale and market reaction
Source: TradingView
On August 5, blockchain data showed that BlackRock moved 101,975 Ethereum to Coinbase Prime, worth approximately $372 million. This caused some uncertainty in the market, with the price of Ethereum dropping to around $3,611, a decrease of 1.4% for the day and nearly 5% for the week.
Additionally, Ethereum ETFs have faced large outflows of around $600 million, although some was later recovered. Currently, the price of Ethereum faces strong resistance near $3.10. If it fails to break through, it could see further declines. The price is also stuck in a symmetrical triangle pattern on the chart, which often signals that a major price movement is coming. If Ethereum fails to stay above $3,583, it could drop further.
Remittix: A rising star in crypto
While the price of Ethereum struggles, Remittix (RTX) is quietly building momentum. Remittix has raised over $18.2 million through the sale of 583 million tokens, each priced at $0.0895. This new crypto payment platform is quickly gaining popularity due to its focus on low-fee, fast, and secure crypto payments in over 30 countries. Here are some reasons why Remittix could outperform other cryptos like Ethereum in the future:
Send cryptocurrencies to over 30 countries
Low fees: Transaction fees are relatively low compared to most competitors
Security: The CertiK audit provides top-level protection for users
Real-time FX conversion: Transparent and competitive exchange rates
Easy for businesses: Easily integrate crypto payments with Remittix's API
With its potential uses for businesses and individuals, Remittix will remain in the spotlight as its user base grows. Compared to Ethereum, which has yet to gain market acceptance, Remittix is gaining traction and has a chance to disrupt the crypto payment industry.
Why Remittix is a better investment than Ethereum
While the price of Ethereum is struggling against resistance and declines in the market, Remittix is an excellent long-term investment. With real-world applications in the payment sector, Remittix offers steady growth and has a much clearer path compared to the volatility of speculative assets like Ethereum. As Remittix continues to grow, it could become one of the best crypto investments for the future.
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittix.io/
Social networks: https://linktr.ee/remittix
$250,000 giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway.
