The post Can BlackRock’s $103M Buy Push ETH to $4,000? appeared on BitcoinEthereumNews.com.

Ethereum Price Prediction: BlackRock Sparks Bullish Hopes for $4,000 ETH Ethereum ($ETH) is back in the spotlight after reports surfaced that BlackRock—the world’s largest asset manager—has purchased $103 million worth of ETH. This news has reignited bullish sentiment across the crypto market, with traders eyeing the key $4,000 resistance level as the next big milestone. By TradingView – ETHUSD_2025-08-08 (YTD) Ethereum Price Performance At the time of writing, ETH is trading around $3,894, up slightly on the day. Over the past week, the token has held a tight range between $3,805 and $3,953, suggesting consolidation after a period of volatility. Immediate Resistance: $3,950–$4,000 (psychological and technical barrier) Key Support: $3,800, with stronger backing near $3,600 if selling pressure intensifies BlackRock’s $103M Ethereum Purchase According to market chatter, BlackRock’s move marks one of the most significant institutional Ethereum buys to date. While not yet officially confirmed through regulatory filings, the sheer scale of the purchase is enough to boost short-term sentiment. Institutional Confidence: BlackRock’s entry signals growing acceptance of Ethereum as an institutional-grade asset. Potential ETF Play: The timing aligns with increasing speculation about a U.S. spot Ethereum ETF launch later this year. Market Impact: Large-scale buys can shift market liquidity and encourage retail investors to follow suit. Technical Analysis RSI (Relative Strength Index): Hovering near neutral, indicating ETH has room to move before hitting overbought territory. MACD: Close to a bullish crossover, suggesting upward momentum could strengthen if buying continues. Bollinger Bands: Price is near the upper band, pointing to possible short-term resistance before a breakout attempt. If ETH breaks above $4,000 with strong volume, the next targets lie around $4,150–$4,250. Failure to do so could see the price retest support levels. Fundamental Drivers Beyond BlackRock Ethereum Network Growth: Rising DeFi activity and NFT volumes continue to drive demand for…

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Filed under: News - @ August 8, 2025 12:32 pm