It has come to my attention that Ether, that curious digital commodity favored by some, has suffered a most unfortunate decline. From a respectable $4,100 in December of 2024, it has plummeted to a mere $1,750 in March of 2025. One might be forgiven for thinking it quite ruined! However, whispers abound that it is now poised for a most dramatic recovery.
A 65% Rebound by June, You Say? Preposterous! 🧐
The proponents of this “technical analysis,” as they call it, suggest that Ether is merely flirting with a “long-term support zone.” Apparently, such dalliances have historically led to quite boisterous rallies. One recalls past cycles where gains of over 2,000% and 360% were achieved. Such extravagance!
As of the twenty-third of March, the Ether/USD pair (a rather vulgar pairing, if you ask me) was hovering near $2,000. A bounce from this “zone” might propel it toward $3,400 by June. A 65% increase, they claim! One wonders if such optimism is entirely warranted.
This supposed “level” conveniently aligns with the lower boundary of Ether’s “descending channel resistance.” Oh, these modern terms!
Conversely, should this “support zone” fail, the price might tumble toward the dreaded “200-2W exponential moving average” (a concept I find utterly bewildering) at around $1,560. One shudders at the thought.
BlackRock’s Crypto Funds: A Billion Dollars in Ether? Good Heavens! 😲
This bullish outlook, it seems, is bolstered by the growing confidence of institutions. One such institution, BlackRock, has apparently amassed a considerable fortune in Ether.
BlackRock’s BUIDL fund now holds approximately $1.145 billion worth of Ether, a sum that has increased from a mere $990 million a week prior, according to sources. Such figures are quite dizzying!
This fund, primarily focused on tokenized real-world assets (RWAs), seems to favor Ethereum as its foundation. While dabbling in other chains, Ethereum remains its core investment.
BlackRock’s latest foray into Ether is hailed as a sign of growing confidence in Ethereum’s role as the leading platform for real-world asset tokenization. How very modern!
Furthermore, Ethereum’s prospects are supposedly enhanced by a surge in “whale accumulation.” I confess, I find these terms rather undignified.
Data from Nansen reveals that, since March 12, 2024, addresses holding between 1,000 and 10,000 ETH have increased their holdings by 5.65%, while those holding between 10,000 and 100,000 ETH have seen a rise of 28.73%. Such enthusiasm!
While those holding over 100,000 ETH remain relatively constant, this “accumulation trend” suggests a rising conviction among these “large investors.” One can only hope their convictions are well-founded. 😅
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2025-03-23 18:26