Will BlackRock’s $100M Buy Propel Ethereum to $3,500? 

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. 

According to CryptoGoos, BlackRock reportedly bought $100 million worth of Ethereum in the past 7 days, which clearly shows aggressive purchases by the world’s largest asset manager. This signals renewed institutional conviction in ETH’s future.