According to Cas Abbé on Twitter, BlackRock has purchased 10,900 ETH valued at $18.7 million through Coinbase, signaling strong institutional interest in Ethereum over Bitcoin for the day. No Bitcoin purchases were reported, indicating a strategic focus on ETH’s perceived undervaluation and future upside potential. This transaction highlights a notable shift in institutional capital flows, which could impact Ethereum price action and short-term trading strategies. Traders may consider increased volatility and possible bullish sentiment for ETH following BlackRock's significant acquisition (Source: Cas Abbé on Twitter, May 5, 2025).