Ethereum Price Prediction: BlackRock’s $46.9M ETH Purchase Puts Support in Focus

- Ethereum outflows rise as institutional buying hints at potential trend reversal.
- ETH holds key $3.7K support despite bearish EMAs, signaling cautious market setup.
- Open interest surge shows traders bracing for Ethereum’s next major price move.
Ethereum is holding near critical support levels as on-chain data reveals heavy exchange outflows, signaling a cautious but potentially bullish setup. The token trades close to $3,715, with traders monitoring whether fresh institutional buying, led by BlackRock’s $46.9 million accumulation, could mark a turning point in the ongoing correction.
Market Structure Reflects Ongoing Downside Pressure
Ethereum continues to trade under bearish momentum …
Read The Full Article Ethereum Price Prediction: BlackRock’s $46.9M ETH Purchase Puts Support in Focus On Coin Edition.
Ethereum Price Prediction: BlackRock’s $46.9M ETH Purchase Puts Support in Focus

- Ethereum outflows rise as institutional buying hints at potential trend reversal.
- ETH holds key $3.7K support despite bearish EMAs, signaling cautious market setup.
- Open interest surge shows traders bracing for Ethereum’s next major price move.
Ethereum is holding near critical support levels as on-chain data reveals heavy exchange outflows, signaling a cautious but potentially bullish setup. The token trades close to $3,715, with traders monitoring whether fresh institutional buying, led by BlackRock’s $46.9 million accumulation, could mark a turning point in the ongoing correction.
Market Structure Reflects Ongoing Downside Pressure
Ethereum continues to trade under bearish momentum …
Read The Full Article Ethereum Price Prediction: BlackRock’s $46.9M ETH Purchase Puts Support in Focus On Coin Edition.