Ethereum price soars to a new high, BlackRock giant pushes straight to the peak of $29,000!
Recently, the price of Ethereum has soared like a rocket, breaking through the $2,687 mark in one fell swoop, setting a dazzling high in 24 hours, marking the overall recovery of the cryptocurrency market and the rekindling of investors' enthusiasm. This strong upward momentum has not only inspired the market's infinite imagination about whether Ethereum can set new highs, but some analysts even boldly predict that by April 2025, the price of Ethereum may reach the eye-popping milestone of $29,000.
In this cryptocurrency feast, the change in position of Larry Fink, CEO of BlackRock, is particularly eye-catching. As a giant in the field of global asset management, BlackRock is at the helm of an asset empire of up to $9 trillion, and every step of its strategy is enough to shake the market. Mr. Fink's new round of enthusiastic embrace of Ethereum is not only an affirmation of the value of cryptocurrency, but also a firm optimism about Ethereum's leading trend of asset tokenization.
BlackRock has planned to move up to $10 trillion worth of real-world assets onto the Ethereum blockchain, a feat that will undoubtedly inject unprecedented vitality and momentum into Ethereum. To this end, BlackRock has taken the lead in launching a tokenized asset fund, BUIDL, on the Ethereum network, which has already occupied nearly 30% of the tokenized treasury bond market, demonstrating its strong execution and market influence.
Analysts have pointed out that Fink's recognition of Ethereum is not only a change in his personal views, but also represents the broad recognition of many financial institutions on the future prospects of cryptocurrencies and Ethereum. With the participation of financial giants such as BlackRock, Ethereum's ecosystem will be more complete, and its price is expected to continue to rise driven by market demand.
From a technical perspective, Ethereum's open interest continues to increase, and traders have opened long positions, showing the market's strong confidence in Ethereum's future. According to professional analysis, Ethereum prices are expected to continue to rise within the current channel, with a target of $3,200, an increase of 22.84%.
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