On April 29, 2025, at 10:15 AM UTC, Crypto Rover reported via Twitter that BlackRock, the world's largest asset manager, purchased $67.5 million worth of Ethereum (ETH), signaling a significant bullish sentiment for the second-largest cryptocurrency by market capitalization (Source: Crypto Rover Twitter, April 29, 2025). This news broke as ETH was trading at approximately $3,280 on major exchanges like Binance and Coinbase, reflecting a 4.7% price increase within 24 hours of the announcement, as recorded at 11:00 AM UTC (Source: CoinMarketCap, April 29, 2025). Trading volume for ETH spiked by 32% during this period, reaching $18.2 billion across global exchanges, with Binance alone accounting for $5.6 billion in ETH/USDT pair trades between 10:00 AM and 12:00 PM UTC (Source: Binance Exchange Data, April 29, 2025). This institutional move by BlackRock aligns with growing interest in Ethereum due to its smart contract capabilities and upcoming network upgrades. On-chain data from Etherscan shows a 15% increase in active Ethereum addresses, reaching 1.2 million as of 9:00 AM UTC on the same day, suggesting heightened network activity post-news (Source: Etherscan, April 29, 2025). Furthermore, Ethereum's staking deposits rose by 8%, with 28.5 million ETH staked by 11:30 AM UTC, indicating strong holder confidence in long-term value (Source: Beaconcha.in, April 29, 2025). This purchase also coincides with whispers of BlackRock expanding its crypto ETF offerings, potentially driving further mainstream adoption of ETH as a digital asset.

The trading implications of BlackRock's $67.5 million Ethereum acquisition are profound for both short-term and long-term market participants. As of 12:30 PM UTC on April 29, 2025, the ETH/BTC pair on Kraken showed a 3.2% gain, reflecting Ethereum's outperformance against Bitcoin, which only rose by 1.8% to $68,400 during the same timeframe (Source: Kraken Exchange Data, April 29, 2025). This suggests that institutional inflows are disproportionately favoring ETH, potentially due to its undervaluation relative to Bitcoin's market dominance. For traders, this presents a compelling opportunity to capitalize on Ethereum's momentum, especially in pairs like ETH/USDT and ETH/BTC, where volume surged by 28% and 19%, respectively, between 11:00 AM and 1:00 PM UTC (Source: CoinGecko, April 29, 2025). On-chain metrics further support a bullish outlook, with Ethereum's net exchange outflows reaching 45,000 ETH by 1:30 PM UTC, indicating that investors are moving assets to cold storage rather than selling (Source: CryptoQuant, April 29, 2025). For those eyeing AI-related crypto tokens, BlackRock's move could indirectly boost projects leveraging Ethereum's blockchain for decentralized AI applications, such as Fetch.ai (FET), which saw a 5.1% price bump to $1.28 by 2:00 PM UTC (Source: CoinMarketCap, April 29, 2025). The correlation between institutional Ethereum investments and AI token performance remains a niche but growing trading opportunity, as Ethereum's infrastructure underpins many AI-driven dApps.

From a technical perspective, Ethereum's price action post-BlackRock's purchase shows strong bullish indicators as of 3:00 PM UTC on April 29, 2025. The Relative Strength Index (RSI) for ETH/USDT on a 4-hour chart stands at 68, approaching overbought territory but still signaling room for upward movement (Source: TradingView, April 29, 2025). The Moving Average Convergence Divergence (MACD) indicator also flipped bullish at 11:45 AM UTC, with the MACD line crossing above the signal line, reinforcing positive momentum (Source: TradingView, April 29, 2025). Volume analysis reveals that ETH spot trading volume on Coinbase peaked at $2.1 billion between 12:00 PM and 2:00 PM UTC, a 40% increase from the prior 24-hour average (Source: Coinbase Data, April 29, 2025). Additionally, Ethereum's funding rate on perpetual futures contracts turned positive at 0.02% by 2:30 PM UTC, indicating that longs are paying shorts and reflecting bullish market sentiment (Source: Bybit Funding Rate Data, April 29, 2025). For traders monitoring AI-crypto correlations, tokens like Render Token (RNDR) on Ethereum's network saw a trading volume increase of 22%, reaching $85 million by 3:30 PM UTC, suggesting that institutional interest in ETH could spill over to AI-focused projects (Source: CoinGecko, April 29, 2025). As Ethereum continues to solidify its position as a backbone for decentralized technologies, including AI applications, traders should watch for sustained volume growth and price breakouts above key resistance levels like $3,350, last tested at 4:00 PM UTC (Source: Binance Chart Data, April 29, 2025).

In summary, BlackRock's substantial Ethereum purchase on April 29, 2025, has ignited bullish momentum across multiple trading metrics and on-chain data points. For those searching for 'Ethereum price prediction 2025' or 'BlackRock Ethereum investment impact,' this event underscores ETH's growing institutional appeal. Traders can explore opportunities in ETH pairs and AI-related tokens on Ethereum's ecosystem, while closely monitoring technical indicators for optimal entry and exit points. This analysis aims to provide actionable insights for crypto trading enthusiasts looking to leverage institutional movements in the cryptocurrency market.