BlackRock's recent $ETH (Ethereum) purchases have been making waves in the crypto market. On May 15, 2025, the investment giant acquired $57 million worth of (Ethereum) $ETH , signaling strong institutional confidence in the asset. This purchase brought significant attention to the crypto market, particularly on platforms like Binance, where Ethereum trading volume surged by 18% following the news.
Key Details of the Purchase:
- Date: May 15, 2025
- Amount: $57 million worth of Ethereum
- Price: Approximately $3,250 per ETH
- Impact: 18% increase in ETH trading volume on Binance
Market Impact:
BlackRock's investment has instilled confidence in the market, potentially leading to further price appreciation and increased trading activity. The Relative Strength Index (RSI) for Ethereum rose to 68, indicating strong bullish momentum. Additionally, the Moving Average Convergence Divergence (MACD) showed a bullish crossover, suggesting continued upward momentum.¹
Why It Matters:
- Institutional Interest: BlackRock's purchase signals growing institutional interest in cryptocurrencies, which could attract more investors to the market.
- Market Sentiment: The investment has positively impacted market sentiment, with Ethereum's price showing strength and potential for further gains.
To buy Ethereum on Binance, follow these simple steps:
- Log in to your Binance account
- Go to the "Buy Crypto" section
- Select Ethereum as the cryptocurrency
- Enter the amount you wish to purchase
- Confirm the transaction
With BlackRock's significant investment in Ethereum, the crypto market is likely to continue seeing increased interest and activity. As always, it's essential to stay informed and monitor market trends.