BlackRock Plans 1-for-3 Reverse Split for Ethereum ETF
📊 BLK — Piyasa Yorumu
▼ down · 60%BlackRock's plan for a reverse split in its Ethereum ETF, while aimed at attracting institutional investors, may be perceived negatively in the short term. Reverse splits are typically used to raise the price per share, but this move could indicate underperformance of the ETF. On the technical front, the RSI at 62 is approaching overbought territory, while the MACD is below the signal line, suggesting weakening momentum. The 3.9% gain over the last 24 hours could turn into profit-taking due to the news. Therefore, a downward correction may be expected in the short term.
📊 ETH — Piyasa Yorumu
▼ down · 60%BlackRock's plan for a reverse split in its Ethereum ETF could indicate weakening institutional demand and may create negative sentiment in the short term. Technically, the RSI is in neutral territory at 59, while the MACD remains below the signal line, suggesting weakening momentum. Although the price is above the SMA20 and SMA50, the combination of news flow and technical outlook increases the risk of a short-term downward correction. Therefore, caution is advised, and support levels should be closely monitored.