Ethereum breaks above $3,000 as BlackRock's ETH ETF crosses $10B and network upgrades drive adoption.
What's Happening:
ETH trading at $3,024.75, up 1.64% as institutional demand accelerates
BlackRock's ETH ETF crossed $10 billion in assets under management in record time
Network upgrades Pectra and Fusaka improving scalability and efficiency
Institutional investors accumulating ETH faster than BTC for tokenized finance
Why It Matters:
Ethereum's role as the settlement layer for tokenized finance is becoming undeniable. BlackRock's rapid ETF growth validates institutional thesis, while network upgrades enhance Ethereum's competitive edge. ETH is positioning itself as infrastructure for the next financial system.
Technical View:
$ETH hovering above the critical $3,000 threshold with modest intraday gains. Resistance at $3,400 remains the next target, while support at $3,150 holds firm. With Fear & Greed at 29, the current consolidation suggests accumulation before the next leg up.
🎯 Key Levels:
Support: $3,000 | Resistance: $3,400
24h Range: $2,980 - $3,090
💡 When BlackRock moves $10B into ETH in record time, the market listens.
What's your take? Drop a 🔥 for bullish, ❄️ for bearish 👇
#Ethereum #ETH #BlackRock #Tokenization #DeFi
Disclaimer: This content is for educational purposes only and should not be considered financial advice. Always do your own research (DYOR) before making any investment decisions.
