🚨🚨 #Fidelity 🚨$ETH 🚨🚨
🚨 BREAKING: Fidelity Just Scooped Up $35.9M in Ethereum 🔥
🏦 Big Money Move: Fidelity just dropped a cool $35.9 million on Ethereum, moving 11,250 ETH to Coinbase via Cumberland. And get this — in the past 24 hours, they’ve accumulated over 31,000 ETH, worth more than $100M total. Serious institutional flex.
📊 Market Reaction: Right after the move, Ethereum’s price jumped 3.5%, hitting around $3,312. Trading volume surged too — more than $2.1 billion traded in that spike. Momentum is real.
💹 Technical Bullishness: Ethereum’s 50-day MA just crossed the 200-day MA — a classic bullish signal. RSI also climbed to 72, showing strong buying pressure.
💼 ETF Inflows Heating Up: Fidelity’s Ethereum ETF (FETH) saw a whopping $31.8M inflow on the last trading day of 2024, even beating out BlackRock. Institutions are clearly bullish on ETH.
🤝 Joint Institutional Power Play: Together, Fidelity and BlackRock have added over $500M in Ethereum within 48 hours. That’s a massive vote of confidence from TradFi giants.
⏳ Why It Matters: This isn’t just a random buy. It’s a clear sign that big finance sees long-term value in Ethereum — not just for price action, but as infrastructure for the future of finance