According to Lookonchain, BlackRock's iShares Ethereum Trust has purchased 214,000 ETH, valued at approximately $560 million, since May 11, 2025, even as Ethereum prices have remained stable between $2,500 and $2,700. This significant institutional accumulation signals strong confidence in Ethereum's long-term value and may provide price support in the near term. Crypto traders should monitor BlackRock's activity, as such large-scale acquisitions from major asset managers can influence market sentiment and liquidity, possibly foreshadowing increased institutional involvement and future price momentum in the ETH market. (Source: Lookonchain via Twitter, June 4, 2025)