BlackRock sells ETH before expiration, but bulls target Ethereum rebound
Source: CoinWorld
Time: 2025-09-12 23:24:42
BlackRock sold $45.1 million worth of Ethereum hours before its $4.21 billion option expiration, bringing its monthly ETH sales to nearly $440 million. Analysts believe the move is designed to hedge potential volatility brought about by derivative settlement, with a $850 million ETH contract currently expiring, with prices close to the highest pain point of $4,400. Meanwhile, on-chain activity showed a surge in decentralized exchanges (DEX) trading volumes and strong momentum, with ETH trading at about $4,520. If it breaks above $4,530, it may be targeted above $4,600; if it breaks above $4,420 to $4,450.