According to Crypto Rover on Twitter, BlackRock has purchased $13.1 million worth of Ethereum, marking a significant institutional investment in ETH. This large-scale acquisition is viewed as a bullish signal by traders, highlighting renewed confidence in Ethereum's market outlook and potentially driving upward momentum in ETH prices. The entry of a major institution like BlackRock is expected to boost liquidity and attract further interest from both retail and institutional investors, strengthening Ethereum’s position in the broader cryptocurrency market. Source: Crypto Rover (@rovercrc), Twitter, May 20, 2025.