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Still bearish. Today’s market is relatively calm, mainly waiting for tonight to tomorrow morning’s performance.
Ethereum is currently fluctuating around the $3000 mark. This level is very critical—once it breaks above, $3200 is within reach; but if it gets stuck here, a retest of the $2700-$2800 range is almost a high-probability event.
Interestingly, yesterday BlackRock sold off $75.9 million worth of Ethereum. This move is not very common, and the underlying logic is worth pondering. Institutional actions often reflect some changes in market expectations. What do you think of this signal?