BlackRock Dumps Ethereum, Over $375M in a Single Day – Is the ETH Price Set to Fall?

Ethereum price is facing some challenges after BlackRock, one of the biggest asset management firms, sold over $375 million worth of Ethereum in just one day. This move has made some investors nervous, wondering if the Ethereum price will drop even more. Meanwhile, Remittix (RTX), a fast-growing cryptocurrency, has been seeing impressive gains, already up more than 500% in 2025.

Ethereum Price: BlackRock’s Dump and Market Reaction

Source: TradingView

On August 5, blockchain data showed that BlackRock moved 101,975 Ethereum into Coinbase Prime, worth about $372 million. This caused some uncertainty in the market, with Ethereum price falling to around $3,611, a 1.4% drop on the day and almost 5% down for the week.

In addition to this, Ethereum ETFs faced big outflows of around $600 million, though some of that was later recovered. Currently, Ethereum price is facing strong resistance near $3.10. If it can’t break through, it could face more declines. The price is also stuck in a symmetrical triangle pattern on the chart, which often signals a major price move is coming. If Ethereum fails to hold above $3,583, it may drop further.

Remittix: A Rising Star in Crypto

While Ethereum price is struggling, Remittix (RTX) is quietly building momentum. Remittix has raised over $18.2 million through the sale of 583 million tokens, each priced at $0.0895. This new crypto payment platform is quickly becoming popular because of its focus on low-fee, fast, and secure crypto payments across 30 countries. Here are some reasons why Remittix could outperform other cryptos like Ethereum in the future:

• Send cryptocurrency to more than 30 countries
• Low charges: The charges on transactions are comparatively low as compared to most of the competitors
• Security: CertiK audit provides high-level protection to the users
• Real-time FX conversion: Transparent and competitive exchange rates
• Easy for businesses: Integrate crypto payments easily with Remittix’s API

With its potential uses in business and individuals, Remittix will remain in the spotlight as its user base increases. Compared to Ethereum, which is yet to gain acceptance in the marketplace, Remittix is gaining traction and has a chance to turn the crypto payments industry upside down.

Why Remittix Is a Better Investment Than Ethereum

As Ethereum price struggles with resistance and declines in the market, Remittix is an excellent long-term investment. With real-world applications in the payment sector, Remittix offers consistent growth and has a much clearer path forward compared to the volatility of speculative assets like Ethereum. As Remittix continues to develop, it could become one of the best crypto investments for the future.

Discover the future of PayFi with Remittix by checking out their project here:

Website: https://remittix.io/

Socials: https://linktr.ee/remittix

$250,000 Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway