📢 Viral for Binance Square: The Mystery of
$ETH !
🤯
$ETH is down (-1.21%), but BlackRock and BitMine are buying! What do they know that you don't?
📝 Content (Body of the Post)
The price of Ethereum (ETH) has slightly retreated by -1.21% in the last 24 hours, trading at $3,109.58, but the long-term outlook is shouting OPTIMISM!
The market is mixed, and Binance highlights 3 points that explain the enigma of ETH:
🟢 The Institutional Giant is Coming!
ETF Eyeing Staking: BlackRock has made a new application for a staked Ethereum ETF and transferred $78.3 million in ETH to a CEX.
The Largest Accumulator: BitMine, the largest corporate holder of
$ETH , recently purchased 138,452 ETH, indicating strong future confidence.
Conclusion: Institutional interest and capital are signaling strong confidence in ETH.
🚀 The Strength of the Ecosystem (RWA)
The Fusaka upgrade and the tokenization of Real World Assets (RWA) are driving the utility and scalability of the network.
📉 Short-Term Caution
Despite the fundamentals, technical analyses show negative momentum in the short term. Network activity remains at a 6-year low.
🤔 Call to Action / Viral Question
Will the BlackRock and BitMine Effect negate short-term fear?
What are you doing now? Buying the dip or waiting for confirmation?
Leave your opinion in the comments! 👇
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