Ethereum Eyes a Push Toward $4,800 as BlackRock Pushes for Staking in Spot ETH ETF
Main Idea
Ethereum (ETH) shows bullish potential to retest its all-time high of $4,878, supported by strong on-chain metrics and BlackRock's push for staking in its proposed spot ETH ETF.
Key Points
1. Ethereum is holding above the $3,500 level, with potential to target the $4,600–$4,800 resistance if it remains above $3,500–$3,600.
2. ETH recently surged past $4,400 but is now in a corrective phase, trading at $3,450 at the time of writing.
3. BlackRock is seeking SEC approval to enable staking in its spot ETH ETF (iShares Ethereum Trust), which could offer a 3% annual staking reward.
4. If approved, BlackRock's ETHA would be one of the first U.S. spot Ethereum ETFs with built-in staking rewards.
5. The SEC has up to 45 days (extendable to 90) to respond to BlackRock's proposal.
Description
Ether continues to hold strong above the key $3,500 level, fueling bullish momentum that could set the stage for a retest of its all-time high.
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