According to Crypto Rover on Twitter, BlackRock has purchased $77 million worth of Ethereum (ETH), signaling a significant rotation of institutional capital into utility-focused crypto assets (source: Crypto Rover, Twitter, June 4, 2025). This move reinforces Ethereum's growing appeal among large-scale investors seeking exposure beyond Bitcoin, potentially increasing market liquidity and encouraging further upward price momentum. Traders should monitor ETH price action and on-chain flows closely for confirmation of sustained institutional interest.

According to Lookonchain, the Ethereum Foundation has recently transferred 1,000 ETH, valued at $1.53 million, for grants. This movement of funds may indicate strategic allocation to projects that could potentially impact Ethereum's market dynamics. Traders should monitor grant recipients as their projects may influence Ethereum's utility and network growth.