BlackRock just deposited nearly 30,000 of this crypto into Coinbase; Will it offload?

BlackRock deposited 21,910 Ethereum ( ETH ) worth around $117.82 million to Coinbase Prime on Monday October 20

leaving the market speculating as to what the investment firm’s next move might ￰0￱ transfer was done in ten transactions nine of which were of about 3,000 ETH or around $12.15 million and one of more or less 2,109 ETH

worth approximately $8.45 million according to data Finbold retrieved from Arkham ￰1￱ ETH transfers.) accounting for $245 ￰2￱ there is still no telling what the next move could be the timing is made more interesting by the fact that BlackRock has just launched its first Bitcoin ( BTC ) exchange-traded product (ETP) for ￰3￱ investors with securities held through ￰4￱ is

a rebalancing in further favor of Bitcoin might be on the ￰5￱ price goes up In the aftermath of the transfer Ethereum is up 1.58% on the daily chart trading at $4,034 at the time of ￰6￱ the asset was trading below $3,700 on Friday the rebound over the weekend has been ￰7￱ 24-hour price.) sits at $3,191 and continues to act as dynamic support

suggesting ETH’s long-term uptrend remains ￰8￱ relative strength index ( RSI ) reading of 44.58 also leaves room for some additional upside although resistance at the $4,070 level the 50-day small moving average (SMA) remains a short-term ￰9￱ image via Shutterstock