BlackRock’s recent 50 million USD investment in Ethereum highlights a strategic move, suggesting a potential uptick in ETH prices. This bullish sentiment is evident as Ethereum remains one of the few major assets maintaining its gains from May.
Ethereum’s stability amidst recent market volatility, where ETH limited losses to 6.8% compared to Bitcoin’s significant decline, signals strong demand. With supply constraints and growing interest, Ethereum’s price may be on track towards the 3,000 USD mark.
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