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BlackRock sees early Ethereum ETF demand and targets a rise towards 5,000 USD

Early ETF demand indicates growth: The demand for Ethereum ETFs is just beginning, with only a small fraction of clients currently invested in BlackRock’s Bitcoin ETF and Ethereum ETF. This marks an opportunity for ETH’s price appreciation as interest picks up.

Market trends support Ethereum’s rise: Ethereum’s price momentum might lead to a breakout towards 5,000 USD soon, especially with potential Federal Reserve interest rate cuts and historical patterns indicating ETH typically rises after Bitcoin experiences price discoveries.

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