Ethereum Price Soars Past $2,100 as BlackRock ETF Approval Sparks Bullish Sentiment
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Ethereum price broke past $2,100 after BlackRock filed for spot ETFs. This could impact ETH price and trading patterns.
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BlackRock's ETF approval may bring mainstream recognition and capital to Ethereum.
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ETH futures open interest rose to $7.8B, presenting arbitrage opportunities. Traders paying high fees to keep bullish positions open.
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If ETH price breaks $2,300 resistance, it could trigger a short squeeze toward $3,000.
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Initial support at $1,900 if price dips below $1,800. 7.2M holders bought 8.5M ETH at ~$1,890.