BlackRock bought over $750 million of ETH in June.
Crypto expert Lark Davis expects a significant ETH price pump soon.
The price of Ethereum could see a god candle formation according to some analysts.
Speculation and expectations for Ethereum price to experience a significant and parabolic pump in the coming ahead ahead have been growing stronger by the day. With financial institutions stacking ETH at an alarming rate, reputed traders and analysts expect a sharp rise in ETH prices soon. Most recently, BlackRock bought over $750 million of ETH in June, and Lark Davis expects ETH price to pump soon.
BlackRock Bought Over $750 Million of ETH in June
This ongoing bull cycle says a significant increase in institutions accumulating BTC and ETH, especially. The last bull cycle saw accumulation from entities outside of BTC and ETH whales, thanks to El Salvador’s lead. When President Nayib Bukele made BTC a legal tender, it started an accumulation race where El Salvador still holds the lead despite Strategy’s and BlackRock’s relentless BTC accumulation tactics.
However, in this bull cycle, institutions started accumulating ETH alongside BTC. While Strategy and El Salvador are only accumulating BTC, entities like BlackRock have been heavily accumulating ETH alongside ETH whales during specific price dips. So far, the price of BTC has set remarkable new ATH prices while the price of ETH has yet to reach its previous ATH price in the $4,800 price range.
Lark Davis Expects Fast ETH Pump Action
This bull cycle began differently from other bull cycles. This time, the price of BTC set a new ATH before the Bitcoin Halving event took place. This led to a string of new ATHs for BTC in the latter half of 2024 and a brutal correction phase in Q1 and the start of Q2 of 2025. During this time, the price of ETH and other altcoins fell significantly alongside the price of BTC, allowing ETH to set a bottom.
https://twitter.com/Cointelegraph/status/1935825074730250388
At this time, when ETH bottomed, ETH whales and BlacoRock heavily accumulated ETH, which was a wise move as the price of ETH pumped significantly to the $2,700 price level from the bottom price of $1,700. Since then, political strife has led to the price of BTC and ETH declining slightly, giving whales and institutions the chance to accumulate more ETH at lower prices. As we can see from the post above, BlackRock bought over 750$ worth of ETH in June and hasn’t sold a single token.
https://twitter.com/TheCryptoLark/status/1935752030812795069
It seems BlackRock is expecting the same outcome as Lark Davis is for the pioneer altcoin Ethereum (ETH). As the post above shows, ETH has been making very interesting trades for about 6 weeks now. This means the asset is working its way up to a massive breakout, and Davis expects this breakout to be a spectacular one. Some analysts are expecting a god cable for ETH soon.
