ETH Price Prediction April 12: Can BlackRock’s $6.4M Buy Spark a Rally?
- ETH was rejected at the key resistance at $1,755, which is the 20-day EMA.
- BlackRock’s ETHA saw a massive $6.4 million in inflows but ETH crashed 2.2%.
- Santiment stated that ETH is a good buy for 2025, maintaining a bullish outlook.
Ethereum (ETH), currently trades at $1,559.83, down 2.2% in the last 24 hours, struggling to regain bullish momentum and break out above the $2,000 price level.
Despite attempts to push higher — briefly touching a daily high of $1,621.53 — ETH was rejected near the critical resistance level of the 20-day EMA, currently at $1,755.
BlackRock’s $6.4M ETH Buy
Interestingly, Ethereum’s price dip comes in contrast with positive institutional developments. BlackRock’s iShares Ethereum Trust (ETHA) saw $6.43 million in inflows on Thursday.
However, this optimism was overshadowed by broader market behavior — newly approved spot ETH ETFs recorded total outflows of $38.79 million, with Fidelity’s Ethereum Fund (FETH) alone accounting for a massive $36 million exit.
This divergence between selective accumulation and broader investor skepticism hints at ongoing uncertainty surrounding Ethereum’s short- to mid-term t…
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History Says Buy Altcoins, Headlines Say Wait? Market Narrates Two Stories
ETH Price Prediction April 12: Can BlackRock’s $6.4M Buy Spark a Rally?
- ETH was rejected at the key resistance at $1,755, which is the 20-day EMA.
- BlackRock’s ETHA saw a massive $6.4 million in inflows but ETH crashed 2.2%.
- Santiment stated that ETH is a good buy for 2025, maintaining a bullish outlook.
Ethereum (ETH), currently trades at $1,559.83, down 2.2% in the last 24 hours, struggling to regain bullish momentum and break out above the $2,000 price level.
Despite attempts to push higher — briefly touching a daily high of $1,621.53 — ETH was rejected near the critical resistance level of the 20-day EMA, currently at $1,755.
BlackRock’s $6.4M ETH Buy
Interestingly, Ethereum’s price dip comes in contrast with positive institutional developments. BlackRock’s iShares Ethereum Trust (ETHA) saw $6.43 million in inflows on Thursday.
However, this optimism was overshadowed by broader market behavior — newly approved spot ETH ETFs recorded total outflows of $38.79 million, with Fidelity’s Ethereum Fund (FETH) alone accounting for a massive $36 million exit.
This divergence between selective accumulation and broader investor skepticism hints at ongoing uncertainty surrounding Ethereum’s short- to mid-term t…
The post ETH Price Prediction April 12: Can BlackRock’s $6.4M Buy Spark a Rally? appeared first on Coin Edition.
Read More