BlackRock Shifts $15.81M in Ethereum to Coinbase Prime

Financial giant BlackRock has made a significant move in the Ethereum market. According to blockchain news, on July 10th at 10:45 AM, BlackRock transferred 8.7K ETH worth $15.81M from its ETF wallets to Coinbase Prime.

The price of Ethereum is currently holding a bullish trend structure above the EMA50 at $1739.32 and EMA200 at $1745.25. With ETH testing upper Bollinger resistance at $1802.46, analysts predict that a healthy pullback toward the 50-EMA support may occur before continuation.

This on-chain flow may shape near-term Ethereum price prediction scenarios. While some investors see this as a bullish sign, others remain cautious due to the uncertainty of market fluctuations.