**🚨 Breaking News: BlackRock Spot ETF Acquires 19,070 ETH Worth $48.4M!**
On **June 2**, BlackRock's spot **$ETH ** ETF made a massive move, purchasing **19,070 $ETH** (worth **$48.4 million**) in a single day! This significant accumulation highlights growing institutional confidence in Ethereum as a long-term asset.
📌 **Key Details:**
- **Amount:** 19,070 ETH ($48.4M)
- **Price Impact:** ETH is currently trading at **$2,598.40**, up **+3.97%** in the last 24h.
- **Market Sentiment:** Institutional demand continues to rise, with ETH's 30-day performance surging **+42.32%**.
🔍 **Why This Matters:**
- **Institutional Adoption:** BlackRock’s consistent ETH acquisitions signal strong belief in Ethereum’s future.
- **Market Momentum:** ETH’s 24h volume hit **1.38B USDT**, showing heightened activity.
- **Technical Outlook:** The price remains above key MAs (MA7: **$2,601.51**), suggesting bullish momentum.
📈 **What’s Next?**
With the **STOCHRSI** indicating potential oversold conditions (6.62), could this be the start of another leg up? Keep an eye on **$2,650** (24h high) for a breakout opportunity!
💬 **Your Thoughts?**
Are you bullish on ETH amid this institutional buying spree? Drop your predictions below! 👇
