ETH Breaks $1,800 Following BlackRock’s $54M Acquisition
The post ETH Breaks $1,800 Following BlackRock’s $54M Acquisition appeared on BitcoinEthereumNews.com.
BlackRock’s $54 million Ethereum purchase highlights accelerating institutional demand. Ethereum-related ETFs recorded $104 million in inflows, marking a strong bullish sentiment. Ethereum breaks above $1,800, fueled by renewed investor confidence and major capital The investment firm BlackRock purchased $54 million worth of Ethereum (ETH), according to Crypto Rover. The transaction serves as a major institutional approval from the world’s biggest asset manager, generating short-term market shifts and strengthening ETH’s appeal to institutional investors. A surge in spot Ethereum ETF inflows coincides with the changing United States regulatory reforms. Analysts view this shift as an optimistic sign, as spot Ethereum ETF inflows continue to rise and trading volumes surge to match a positive week of ETF inflows not seen since February. Market participants monitor Ethereum’s ability to maintain its critical $1,800 support area and establish a large-scale market recovery. Ethereum Trading Activity and Market Metrics Strengthen Ethereum (ETH) trades at $1,807.19 at press time, showing a daily market growth of 1.38%. This asset’s market capitalization reaches $218.16 billion, while its 24-hour trading volume amounts to $17.08 billion and marks a substantial 29.95% growth. This surge in activity frequently indicates a spike in volatility ahead, a warning for bulls and bears. Related: Ethereum Whale Borrows 4,000 ETH on Aave to Initiate New Short Position Ethereum’s short-term outlook depends on its ability to hold above $1,800. If this support holds, a further test toward $1,830—and possibly $1,850—would become more likely. On the other hand, if there is a decisive break below $1,790, ETH could be exposed to further downside risk toward $1,760 or even $1,720. BlackRock’s Strategic Timing Amid Political Shifts The acquisition by BlackRock indicates rising interest from institutional investors in purchasing Ethereum-based investment products. Data from SoSoValue shows US spot Ethereum ETFs recorded net inflows of $157.1 million in the previous…
Filed under: News - @ April 26, 2025 7:22 pm