Ethereum Price Faces $2,475 Test Despite BlackRock’s $75M Bet

June 8, 2025 No Comments

Key Insights : Ethereum price is under pressure as it tests a key technical level. Meanwhile, major institutional players are increasing their holdings. One such player, BlackRock, has recently increased its position in ETH through its iShares ETF product. BlackRock Adds $73M Worth of ETH: Ethereum Price to Rally? Recent blockchain data shows that BlackRock’s iShares Ethereum ETF has acquired 27,846 ETH. This brings its total ETH holdings under management to 1,493,295. The purchase is valued at $73.21 million. It brings the total Ethereum value within the fund to approximately $3.93 billion. Notably, this acquisition occurred amid growing anticipation surrounding spot Ethereum ETF approvals in the United States. Institutional interest has increased following the Securities and Exchange Commission’s May 2024 indication that such products could advance. BlackRock’s Ethereum position signals long-term strategic interest, reinforcing its earlier moves in Bitcoin ETF products. In addition, the iShares fund is one of nine Ethereum ETFs currently active in the market. On June 5, these nine ETFs recorded a combined net inflow of 22,029 ETH, equivalent to $57.91 million. Institutions continue to accumulate ETH despite market fluctuations. Short-term conditions still pose downside risks to the Ethereum price. ETH Price Prediction: ETH Holds at Key

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Ethereum Price Prediction Institutional Investments Signal Strong Upside Potential

June 6, 2025 No Comments

Key Insights: Amid market uncertainty, the Ethereum price prediction appears bullish, as interest from whales and institutions has skyrocketed. This strong bullish outlook has emerged during a period of prolonged consolidation for the asset. Whales on a Buying Spree? Recently, a crypto expert shared posts on X (formerly Twitter), noting that Ethereum is receiving massive attention from Abraxas Capital. The post mentioned that the financial firm recently withdrew $38.28 million worth of ETH from Binance. In addition, earlier this month—before the rally—the firm had already made millions of dollars worth of investments in ETH. This consistent investment by industry giants highlights the long-term potential of Ethereum. Moreover, another post on X shared that major industry giants continue to pour money into ETH. According to the data, ETH ETF inflows totaled $57 million, with BlackRock’s ETHA fund accumulating more Ethereum. Current Price Momentum Despite the notable interest and confidence from industry giants, ETH’s price continues to struggle. At press time, ETH was trading near $2,565 and had recorded a price decline of over 3.75% in the past 24 hours. During the same period, its trading volume dropped by a modest 7%, indicating lower participation from local traders and investors compared to

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