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Influencer Reveals BlackRock, Fidelity’s ETH Buy, Fuels ETH $5K Rally
Crypto influencer Ash Crypto has recently made a bombshell announcement on his X platform, claiming that investment giants BlackRock and Fidelity have collectively purchased 37,900 Ethereum (ETH) tokens worth a staggering $130.8 million in a single day. This monumental transaction is allegedly fueling speculation within the community, with Ash Crypto boldly forecasting that ETH may soon reach an astonishing $5,000.
The sheer magnitude of this institutional investment has sent shockwaves throughout the cryptocurrency market, as many believe it is a clear indication of growing confidence and interest from mainstream investors in the Ethereum blockchain. BlackRock and Fidelity, two of the most influential financial institutions globally, have been known to invest in cryptocurrencies; however, such an aggressive purchase of ETH tokens marks a significant shift in their investment strategy.
According to Ash Crypto’s analysis, this unprecedented move by institutional giants is a strong indication that the cryptocurrency market is on the cusp of a major price surge. While many have expressed skepticism about reaching the $5,000 mark, his prediction has sent ripples throughout the web3 community.
As reported, Ethereum’s 24-hour chart shows a recent surge of 1.7%, with the token currently trading at $3,399.87. Despite this short-term gain, analysts believe that such massive institutional purchases can significantly impact ETH’s price trajectory in the long run.
While some may be cautious about the possibility of reaching the $5,000 mark, Ash Crypto’s forecast is certainly not without merit. With BlackRock and Fidelity’s substantial investment in ETH, it seems unlikely that their confidence would wane so soon after this monumental transaction.
Source: www.cryptonewsz.com
