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    Home ยป Ethereum hits bottom at 2,800 and targets 7,000 dollars driven by BlackRock

    Ethereum hits bottom at 2,800 and targets 7,000 dollars driven by BlackRock

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    By ethan on November 20, 2025 Cryptocurrencies, Ethereum News
    Ethereum logo in the foreground with institutional investors in a blue background, showing support 2,8k and possible breakout to 7k
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    In a recent market turn that has renewed optimism, Fundstrat’s Tom Lee has declared that the bottom is confirmed following a new Ethereum price prediction. The renowned analyst asserts that the asset rebounded strongly from the critical support of 2,800 dollars and now points decisively towards 7,000 dollars by the first quarter of 2026.

    On the other hand, the Chief Investment Officer highlighted in financial media the constant innovation on the network as a fundamental driver. Lee argues that stablecoin creation and the tokenization of real-world assets by Larry Fink fully justify long-term optimism. Likewise, data analysts at CryptoQuant observed that the recent drop to 2,870 dollars coincides precisely with realized price zones, which historically has marked cycle bottoms for short-term rebounds. Thus, the current level acts as a solid base backed by both retail investors and whales.

    Will BlackRock’s institutional interest drive a new all-time high for the asset?

    Furthermore, the landscape strengthens as financial giant BlackRock has revealed concrete plans to file for an exchange-traded fund focused exclusively on staking. According to the official Delaware registration, this new financial product seeks to offer real yield options to large institutional investors, who crave more attractive annual percentage rates in their portfolios. Therefore, it is estimated that for every dollar locked in staking through these vehicles, the market value could increase significantly, consolidating the blockchain infrastructure.

    From a technical perspective, the three-day chart shows a breakdown from local distribution ranges towards massive demand zones. Price sits on key supports, with a liquidity pocket extending towards 3,350 dollars in the short term. If the asset manages to successfully reclaim the 4,150 dollar zone, Fibonacci extensions point to a magnetic target between 5,750 and 5,950 dollars. Thus, a decisive break above mid-levels would confirm the bullish trajectory projected by technical experts.

    Finally, on-chain data suggests that whales are accumulating at average cost levels from four months ago, showing diamond hands. Large investors are buying gradually, understanding that current volatility is simply a natural part of the technological adoption stage. Continued institutional demand and new financial products are expected to drive the asset toward new highs in the coming years, validating the long-term investment thesis over momentary fluctuations.

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    ethan

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