Will BlackRock’s $100M Buy Propel Ethereum to $3,500?
2025-07-05 12:20:58
Main Idea
Ethereum is showing signs of a potential breakout towards $3,500, driven by aggressive accumulation by BlackRock and large whale wallets, alongside a record short position that could trigger a squeeze.
Key Points
1. BlackRock reportedly bought $100 million worth of Ethereum in the past 7 days, indicating aggressive accumulation.
2. On-chain data shows mid- to large-sized whales have been accumulating Ethereum since mid-May, with wallets adding over 100,000 ETH.
3. Speculators on CME have built one of the largest short ETH futures positions in history, raising the possibility of a short squeeze.
4. Technically, Ethereum has been in a sideways 'box range' but recently performed a liquidity sweep below the range, often a precursor to a breakout.
5. Analysts suggest a breakout from the upper box border near $2,500 could propel ETH toward $3,500 in the short term.
Description
The post Will BlackRock’s $100M Buy Propel Ethereum to $3,500? appeared first on Coinpedia Fintech News The Ethereum price is once again at the center of attention as a wave of bullish signals has emerged, raising odds for a rally soon. This optimism is due to advanced institutional interest and on-chain metrics reflecting whale accumulation. The current bullish sentiment has boosted market-wide sentiment, and analysts are eyeing a breakout towards $3,500 in the short term. BlackRock Buys, Whale...
Latest News
- Best Memecoin To Buy Now? Pepeto Could Mirror Doge and SHIB Past Price Rallies2025-07-05 17:39:46
- Liked by Investors: This $0.03 Coin Has the Same Upside Potential as XRP (XRP) in Early Days2025-07-05 17:15:44
- These 4 Meme Coins Could 20x in 2025 as Spot Dogecoin ETF Nears SEC Approval2025-07-05 17:12:46
- Why Remittix’s Unique PayFi Offering Has Cardano & XRP Whales Circling After $15 Million Is Raised!2025-07-05 15:37:24
- XRP’s Tight Range Signals Imminent Move–Experts Predict Major Breakout2025-07-05 15:17:31