Ethereum’s accumulation wave isn’t simply retail-driven – it now has Wall Avenue behind it!
On-chain knowledge reveals that BlackRock bought $15.46 million value of ETH by way of Coinbase Prime; a uncommon direct allocation to Ethereum amid a broader surge in accumulator tackle exercise.
Supply: CryptoQuant
As highlighted in CryptoQuant’s chart, inflows into long-term holding addresses have exploded to all-time highs, simply as ETH worth begins to stabilize above $2,500.
ETH: Holding the road
ETH confirmed resilience simply above the $2,500 mark, with worth motion holding regular close to the 200-day EMA and the 50-day EMA at press time.
This convergence zone is appearing as a robust assist base.
Supply: TradingView
ETH has proven resilience regardless of current dips, rebounding from intraday lows as patrons step again in.
At press time, the RSI stood at 48.9—technically impartial however tilting barely bearish—indicating potential for upward motion if momentum improves.
With whale accumulation and institutional curiosity gaining traction, a transfer towards the $2,600–$2,650 vary appears to be like achievable, supplied ETH holds assist above $2,500.
Conversely, a drop under $2,435 may open the door to additional draw back danger.
