A pretend BlackRock “Staked ASTER ETF” submitting was going round all morning, placing ASTER within the highlight at a time when the token was already sitting in a well-worn help zone round $0.90-0.95.
The chart by TradingView reveals ASTER holding this vary for the third week in a row, which is a stage that stopped the slide twice in October and as soon as once more in early November. This solely added to the confusion as merchants tried to know whether or not the ETF rumor had something to do with the worth accumulation.
The screenshot regarded adequate to cross a fast scan, so it traveled throughout the timeline quick. ETF headlines tied to BlackRock can transfer markets, and ASTER has been trending down because it rebounded close to $1.40 in mid-November.
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Thus, when BlackRock began experimenting with a staked product for Ethereum, the market obtained all labored up and began speculating if this may very well be the catalyst for a reversal of the ASTER value, too. That was the temper till Binance founder Changpeng Zhao stepped in.
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“Faux. Even huge KOLs get fooled every now and then,” CZ wrote, including that ASTER doesn’t want edited pictures to develop.
As soon as the rumor died down, folks began specializing in the chart once more. ASTER continues to be caught in the identical sideways stress band it has been in for nearly two months, and there may be nothing new to counsel issues will change. The ETF speak didn’t come from BlackRock, didn’t seem in SEC filings and had no supporting disclosures.