Analyzing Ethereum’s price rebound as BlackRock shifts $109M in ETH
Ethereum's recent price rebound has drawn attention from institutional investors and large holders, with significant ETH transfers to exchanges. BlackRock moved $109M in ETH to Coinbase, while Arthur Hayes sent ETH to Binance, indicating potential selling. Despite a price increase to $2,980, trading volume fell, suggesting limited conviction. Technical analysis shows ETH consolidating between $2,790 and $3,000, with potential for a major rally or downside momentum depending on price movements. Rising leverage and whale activity suggest caution, leaving ETH at a critical juncture.
Amb Crypto·