BlackRock purchased an additional $8.65 million of Ethereum (ETH), boosting its holdings.
The ETH buy aligns with a recent 15% price dip, seen as institutional dip-buying.
Ethereum holds above $2,400; BlackRock’s move may fuel retail interest for a rally.
BlackRock, among the leading cryptocurrency ETF providers in the United States, bought an additional $8.65 million worth of Ethereum to boost its digital asset holdings.
The latest acquisition amplifies the speculation about institutional investors seeking opportunities to buy cryptocurrencies at lower prices.
BULLISH 
BLACKROCK JUST BOUGHT ANOTHER $8.65M IN $ETH ON COINBASE pic.twitter.com/yTWz2hIal8
— That Martini Guy ₿ (@MartiniGuyYT) May 19, 2025
Institutional Strategy: Capitalizing on Pullbacks for Holdings Boost
Actions like this by large-scale investors often provide retail traders with insight, depending on the prevailing market conditions. For instance, when a cryptocurrency moves in a zigzag formation while trending, technical analysts use these identified patterns to find good trading spots. In a similar way, institutional investors watching the markets often use pullbacks and retrac…
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