Ethereum Price Predicted to Surge to $29,000 Amid BlackRock's Entry


Key Points:


- Crypto analyst predicts Ethereum price could hit $29,000 by April 2025

- BlackRock CEO Larry Fink's change of heart on crypto boosts sentiment

- BlackRock plans to tokenize $10 trillion worth of assets on Ethereum blockchain

- Ethereum price up 18% since September 6 crash, with rising open interest

- Potential double bottom formation on ETH chart could propel price to $3,600


Drivers:


- BlackRock's entry into real-world asset tokenization sector

- Growing demand and usage of ETH

- Increasing institutional adoption

- Rising open interest and social media interest


Predicted Price Movement:


- $3,200 (22.84% increase from current levels)

- $3,600 (potential move within descending channel)

- $29,000 (long-term prediction by April 2025)