According to the Cryptocurrency -Analysis company Lookonchain, Blackrock bought 100,535 Ethereum (ETH), worth approximately $ 276 million, February 4, 2025. The world’s largest asset manager currently has 1,352,934 ETH, worth approximately $ 3.71 billion.
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Blackrock bought 100 535 $($ 276 million) yesterday and currently has 1,352,934 $($ 3.71b).https://t.co/sefs6wtlhz pic.twitter.com/tdywig1eph
– Lookonchain (@lookonchain) February 5, 2025
Is Blackrock’s Ethereum purchase causing a price reduction?
Despite Rally, ETH’s price has dipped 11.6% in the weekly lists, 11.5% in the 14-day diagrams and 23% compared to the previous month. Access has maintained some gains in the annual charts and collects 22.4% since January 2024.
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An interesting point to note is that US President Donald Trump’s World Liberty Financial also bought ETH on February 4, 2025. According to Lookonchain, the World Liberty Financial bought 1826 ETH, worth approximately $ 5 million, that day. President Trump’s son, Eric Trump, took to X and mentioned That it is a good time to add ETH.
Trump’s world freedom (@worldlibertyfi) bought another 1,826 $($ 5 million) today.
World Liberty has bought a total of 61,114 $($ 205 million) at an average price of $ 3,354, with a loss of $ 31 million!
Today, World Liberty also transferred 86 296 $($ 235 million), 647 $ WBTC($ 65.5 million), 256,315 … pic.twitter.com/oerqt5taox
– Lookonchain (@lookonchain) February 4, 2025
Will access continue their rally?
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According to Coincex, Ethereum (ETH) will continue to collect in the coming months. The platform expects the asset to hit a new highest time of $ 5425.13 on May 6 2025. Drawing $ 5425.13 from current price levels will mean a rally of about 91.84%.
