First Mover Americas: Ether Surges on BlackRock’s ETF Plans

Ether’s (ETH) BlackRock (BLK)-prompted heave past $2,000 on Thursday stole the spotlight from bitcoin (BTC), which is down slightly on the day, at around $36,500, while ether is now throughout $2,100. According to David Lo, head of financial products at Bybit, ether could push further. “Historically, ETH often set ups significant gains following a peak in Bitcoin’s value, a pattern that may repeat here giving us a price end of around $2500,” said Lo. “After that, there may be a final rotation of profits into lower-cap coins formerly a cooling-off period, which may involve an overall 10-30% correction.”