BlackRock Goes on a Shopping Spree for ETH! A Life-and-Death Battle at the 2800 Mark
Global asset management leader BlackRock is frantically buying Ethereum, with a surge in daily purchasing volume! This move is seen as a key signal for ETH to challenge the $2800 mark; once broken, $3600 or even new historical highs could become a reality.
Three Major Bullish Drivers:
Institutional Investment: BlackRock’s bet on the ETH ETF approval could trigger a following rush from traditional financial institutions;
Technical Threshold: $2800 is the dividing line between bull and bear markets; breaking through will trigger a 'fear of missing out' sentiment among quantitative funds and retail investors;
ETF Windfall: Referencing the capital-raising effect of the Bitcoin ETF, the launch of an ETH ETF would bring massive new funds.
However, two major risks must be heeded:
If the Federal Reserve continues to raise interest rates, risk assets may collectively plunge; if $2800 remains unbroken for too long, a pullback to the $2400 support level should be guarded against.
If you are still confused in the crypto space and don’t know how to proceed, follow me! This round of the bull market will unleash more hundredfold coins; guessing is not as good as seizing the opportunity.
