ETH Trading Volume Increases as BlackRock Purchases $52.8M

Ethereum (ETH) is currently trading at $2,551.49 on Binance, with a 24-hour trading volume exceeding $1.2 billion and a price decline of 4.20% from the previous day’s open of $2,663.41. The recent price decrease is primarily attributed to broader market declines following President Trump's tariff threats on the European Union and Apple, which led to a 3% drop in ETH on May 23, 2025, as well as profit-taking after ETH reached a weekly high of $2,693. Despite this, significant institutional activity was observed, including BlackRock’s purchase of $52.8 million in ETH, which contributed to a 28% surge in trading volume and increased bullish sentiment. Technical indicators such as a rising RSI and bullish MACD on Binance charts suggest ongoing buying pressure, while overall sentiment remains positive amid record ETF inflows and increased Ethereum transaction volumes.