$ETH BlackRock is buying in cash and gold!!

The rate-hike overhang hit the market and turned into good news—this round of bulls basically won outright! The targets 2460–2480 were perfectly achieved. Did any of the comrades who came before the horse (joined early) follow along?

Over the past ~20 days, BlackRock institutions have been buying Ethereum with real money—without major negative news, they simply can’t smash the price action. On top of that, the U.S. is also pushing a Bitcoin reserve and a crypto bill, and Hong Kong is accelerating the rollout of stablecoins and Web3. With floating supply of market liquidity steadily decreasing, the market sentiment is now increasingly tilting toward crypto assets.

That said, since the rally has been quite strong, it’s not ruled out that we’ll see a pullback. U.S. stocks are about to open—my personal trading suggestion: if it rebounds to around 2480–2500, place a sell-limit (short) there!!