Blackrock 2 billion dollars from ETHEREUM adds to the Buidl Fund: Main Optical encryption movement | Flash news details

In a major development of the cryptocurrency market, Blackrock, the largest asset manager in the world, added that ETHEREUM will add a value of two billion dollars to the distinguished Buidl box over the past six weeks. This major investment, which has been confirmed through data on the series from November 2023, emphasizes an increasing institutional interest in the ecosystems of financing and decentralization (Defi). According to reports of a good reputable Blockchain analysis such as Arkham Intelligence, the BLACKROCK box flows began to accelerate in mid -September 2023, with fixed weekly purchases for ETH. On October 15th, 2023, at approximately 14:00 UAE, a noticeable transaction of 500,000 ETH was recorded, which is worth about $ 1.3 billion at the time (with ETH trading at $ 2600), on Ethereum Blockchain. The subsequent smaller transactions, which amounted to 50,000 Eth Weekly, continued until November 1, 2023, prompting the total to two billion dollars. This step indicates confidence in the long-term value proposal for ETH, especially since ETHEREUM is still the backbone of the DEFI and Layer-2. The timing is also in line with a recovery in the broader market, as the price of ETH increased from 2200 dollars on September 1, 2023, to 2800 dollars by November 5, 2023, which reflects an increase of 27 % in a little more than two months. The trading volume of ETH also increased via major stock exchanges such as Binance and Coinbase by 35 % during this period, indicating an increase in the activity of the market surrounding this institutional play.

The trading effects on Blackrock investment, which costs two billion dollars, are two billion dollars in retail and institutions. The capital flow in the Buidl Fund is likely to create bullish emotions in the short term to the Mediterranean, as it reduces the supply available in the open market with indicating the verification of the health of a financial giant. On November 3, 2023, at 09:00 UAE, the ETH price (ETH/USDT) did not touch $ 2,850, which is a 3 % gain inside the day, linked to the last Blackrock chip news in ETH. Traders should see the main resistance levels about $ 3,000, as the constant purchase pressure may pay ETH through this psychological barrier. In addition, the ETH/BTC’s pair analysis shows that ETHEREUM is gaining power against Bitcoin, with a 5 % increase in the ratio of 0.042 BTC on October 1, 2023, to 0.044 BTC by November 5, 2023. For merchants, this offers opportunities for purchase and leverage, although caution justifies this due to possible fluctuations in the event of institutional sale. Mashqat markets, especially ETH futures on CME, have witnessed an open increase in interest by 20 % to $ 1.8 billion as of November 4, 2023, reflecting the increasing and speculative institutional hedge.

From the perspective of technical analysis, the ETH price procedure is presented in the multiple time timelines. On the daily chart, starting from November 5, 2023, at 12:00 UAE, ETH is trading over the moving average for 50 days ($ 2650) and a moving average for 200 days ($ 2,500), which confirms a strong trend. The RSI (RSI) index is 62, indicating a space for more bullish direction before reaching excessive conditions in the peak (above 70). Coinmarketcap data is a 24 -billion dollar trading on ETH on November 5, 2023, an increase of 40 % of $ 12.8 billion registered on October 5, 2023, in line with the Blackrock accumulation period. On the graph for 4 hours, there was an outbreak over $ 2800 at 08:00 UTC on November 5, 2023, accompanied by an increase in the purchase volume, which enhances upscale control. The support levels that must be monitored include $ 2700, as the sale pressure can appear if a profit is made. The data on the ETHERSCAN series also emerges 10 % in the active ETH addresses since October 1, 2023, reaching 1.2 million active addresses per day by November 5, 2023, a sign of the use of a strong network. For traders who use AI-based on artificial intelligence, it can provide tools that analyze feelings and nails a feature in timing and exit entries around these institutional moves. Although there is no symbolic relationship directly from artificial intelligence in this event, the broader interest in ETHEREUM can wander into projects related to the public -based prosecution, such as Fetch.AI (Fet), which saw an increase in the price of 12 % to $ 1.35 on November 5, 2023, at 10:00 UTC, with a rise in trading volume by 18 % to 90 million dollars.

Common Questions section:
What does Blackrock Blackrock investment mean $ 2 billion for traders?
Blackrock investment, which is $ 2 billion in ETH for six weeks, was noticed through data on the series until November 5, 2023, indicates strong institutional confidence in ETHEREUM. This reduces the circulating offer and can pay prices up, with ETH already increased 27 % from $ 2,200 on September 1, 2023, to 2800 dollars by November 5, 2023. Traders can explore space and futures opportunities but resistance must be monitored at $ 3000 and support at $ 2700.

How does this affect Ethereum’s feeling on the market?
The fixed accumulation by Blackrock, with major transactions such as 500,000 ETH on October 15, 2023, at 14:00 UAE time, market morale. Trading volumes increased by 35 % through stock exchanges such as Binance during this period, and Staking activity on the series increased by 15 % since September 15, 2023, per Glassnode, which reflects optimism between investor holders.