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BlackRock’s Ethereum ETF Soars Past 1 Million ETH – Can Price Follow?

  • BlackRock's iShares Ethereum Trust ETF has accumulated over one million ETH, reflecting strong institutional demand for Ethereum.
  • Institutional interest in Ethereum is on the rise, as evidenced by the continuous net inflows into US spot ETH ETFs.
  • Crypto analysts remain optimistic about Ethereum's potential to reach a new all-time high, based on historical price patterns and technical analysis.
  • The total crypto market cap has experienced a downturn, but some analysts believe it could serve as a retest of the previous ATH and act as a base for the next upward rally.

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