According to Crypto Rover on Twitter, Fidelity has purchased $29.8 million worth of Ethereum (ETH), signaling renewed institutional interest and potentially driving further price momentum. This sizeable acquisition is likely to boost market confidence and could influence short-term ETH trading strategies, as tracked by on-chain data and institutional wallet movements. Traders should monitor ETH price action and liquidity inflows closely, as institutional buying often precedes increased volatility and upward trends (source: Crypto Rover, Twitter, June 3, 2025).