Ethereum’s Narrow Rally Depends Heavily on BlackRock and Treasury Demand
Ether has gained roughly 22% since a Market Value to Realized Value buy signal earlier in July, but analysts warn the rally is narrow, driven largely by one ETF issuer and one corporate treasury while the wider altcoin market has not confirmed. US spot ether ETFs added about $96 million in three days, mostly into BlackRock's fund.
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