The post Cardano Attempts $1 Breakout, Whale Interest in Ethereum and Unilabs Skyrockets appeared on BitcoinEthereumNews.com.

Even with the Ethereum price failing to break above $3,000, whales are still active in the market. In a bold move, BlackRock reportedly purchased 29,580 ETH, signaling renewed confidence in the coin’s long-term growth.  Similarly, Unilabs Finance, the new AI-powered project, has also attracted the attention of whales, who have shown huge interest in its crypto ICO. Meanwhile, Lucky predicts the Cardano price might soar to $1.6 in the coming months. BlackRock Buys 29,580 Ethereum (ETH) Tokens While the Ethereum price is down on the chart, there has been a huge increase in whale accumulation. BlackRock, the leading asset manager, has just bought 29,580 ETH for $77.1 million, as recently reported by Whale Insider in an X post. In another tweet, Ted Pillows stated that another whale bought $283 million worth of Ethereum through OTC. These whale accumulations show high investor interest, which could spark an ETH price rebound. Ash Crypto explained to his followers that the Ethereum price is forming a classic Wyckoff accumulation pattern. This pattern shows that buying pressure is rising. According to his analysis, the first major level the Ethereum price needs to reclaim is $3,100.  Once that level is secured, a minor correction is expected before the Ethereum price pushes toward $4,000. Ash believes that the Ethereum price can hit $10,000 in this particular cycle. At present, the price of Ethereum has been caught between the $2,500 and $2,660 range. According to CoinMarketCap, the price of Ethereum has dropped 4.3% on the 1W timeframe. Cardano (ADA) Eyes $1 As Key Support Holds Cardano’s price has consistently held up at $0.66-$0.68 during the past few weeks. Confirming this support level shows that upward momentum is rising. If the support stays, the Cardano price could be seen above $0.70. With enough bullish momentum, the Cardano price might…

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Filed under: News - @ June 7, 2025 8:25 am