Ethereum Tops $1,800 as BlackRock’s $54M Investment Fuels Market Optimism

BlackRock’s $54 million Ethereum purchase highlights accelerating institutional demand. Ethereum-related ETFs recorded $104 million in inflows, marking a strong bullish sentiment. Ethereum breaks above $1,800, fueled by renewed investor confidence and major capital The investment firm BlackRock purchased $54 million worth of Ethereum (ETH), according to Crypto Rover . The transaction serves as a major institutional approval from the world’s biggest asset manager, generating short-term market shifts and strengthening ETH’s appeal to institutional investors. A surge in spot Ethereum ETF inflows coincides with the changing United States regulatory reforms. Analysts view this shift as an optimistic sign, as spot Ethereum ETF inflows continue to rise and trading volumes surge to match a positive week of ETF inflows not seen since February. Market participants monitor Ethereum’s ability to maintain its critical $1,800 support area and establish a large-scale market recovery. Ethereum Trading Activity and Market Metrics Strengthen Ethereum (ETH) trades at $1,807.19 at press time, showing a daily market growth of 1.38%. This asset’s market capitalization r… The post Ethereum Tops $1,800 as BlackRock’s $54M Investment Fuels Market Optimism appeared first on Coin Edition .

Source: Coin Edition