Institutional appetite for Ethereum intensifies as BlackRock buys $14.9 million in ETH. ETFs accumulate 89,660 tokens worth $287M over three weeks while price consolidates at $3,300.
Ethereum hovers near $3,300 as institutional appetite intensifies. BlackRock's latest purchase signals growing confidence while ETF inflows hit critical accumulation phase.
Institutional investors continue stacking Ethereum despite sideways price action. Recent ETF data reveals sustained buying pressure that could trigger the next major move for ETH.
According to TedPillows on X, ETH ETF inflows reached $4.7 million yesterday, with BlackRock purchasing $14.9 million worth of Ethereum. The asset management giant's aggressive accumulation underscores institutional conviction in ETH's long-term prospects.
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Three-Week Accumulation Spree Builds Pressure
The buying spree extends beyond yesterday's activity. Alicharts tweeted on X that ETFs have accumulated 89,660 Ethereum tokens worth approximately $287 million over the past three weeks.
ETFs have accumulated 89,660 Ethereum $ETH, worth about $287 million, over the past three weeks.
This sustained accumulation pattern suggests institutional players are positioning for upside movement. The steady flow of capital into Ethereum ETFs demonstrates confidence despite recent market uncertainty.
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Price action remains confined to a tight range. ETH currently trades around the $3,300 level, testing bulls' patience as consolidation persists.
Critical Price Levels Define Next Ethereum Move
TedPillows shared on X that Ethereum is still hovering around the $3,300 level, with a daily close above $3,400 pushing ETH towards the $3,800-$4,000 zone. However, a break below $3,200 could trigger a retest of the $3,000 zone before any reversal.
$ETH is still hovering around the $3,300 level. A daily close above the $3,400 level will push Ethereum towards the $3,800-$4,000 zone.
The technical setup presents a clear binary outcome. Bulls need decisive action above resistance to unlock upside targets, while bears could force short-term weakness if support fails.
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BlackRock's continued accumulation alongside broader ETF inflows provides fundamental support. The convergence of institutional buying and technical setup creates potential for volatility as Ethereum approaches decision time at current levels.
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The coming sessions will determine whether accumulated ETF demand translates into breakout momentum or if bears defend overhead resistance successfully.
3 Key Takeaways
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BlackRock purchased $14.9M in Ethereum yesterday with total ETF inflows hitting $4.7M across all funds
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ETFs accumulated 89,660 ETH worth $287M over three weeks signaling sustained institutional demand
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ETH needs daily close above $3,400 for $4K rally or risks $3K retest if $3,200 support breaks
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BlackRock Buys $15M ETH as ETF Inflows Surge
BlackRock purchases $14.9M in Ethereum as ETFs accumulate 89,660 ETH worth $287M. Price hovers at $3,300 with $4K breakout or $3K retest ahead.