Ethereum Price Surge 3.15% After BlackRock Buy ETH—$15K Possible?

BlackRock just flipped the script, dumps $430M in Bitcoin, It’s Going All-In on ETH. Why BlackRock is buying Ethereum constantly, while dumping $BTC? And could it hit $15,000 soon? Let’s break down the price surge today.

Ethereum Price Surge 3.15%—What’s Driving the Rally?

The price is showing a strong move upward. At the time of writing, it stands at $2,626.03, gaining 3.15% in the last 24 hours. The trading volume is also up big—$19.58 billion, a jump of 38.50%, showing fresh interest across the market. But this isn’t just about price—it’s about what’s happening behind the scenes with this firm, whales, and its ecosystem itself.

BlackRock Switches Strategy: Sells Bitcoin, Buys More $ETH

One of the biggest reasons why Ethereum is going up today is what BlackRock did. According to Arkham, this firm sold $430 million worth of Bitcoin recently. But they didn’t just leave the market—they shifted their focus straight to the second largest cryptocurrency.

Lookonchain data reveals that the company jsut bought 19,069 tokens, which is around $50.07 million. This brings their total holdings to over 1.43 million ETH, valued at $3.77 billion. That’s a massive BlackRock Ethereum purchase—and a strong sign of trust in its future.

Source: Lookonchain

ETF Inflows Boost The Price Even More

And this firm isn’t the only one loading up. The ETFs had a net inflow of 30,649 ETH today (around $80.49 million), according to the same Lookonchain report. This growing Ethereum etf inflow is creating real market pressure and optimism. While institutions dump BTC, they’re grabbing it—and that’s changing the game for investors watching the price today.

Weekly Engagement Breaks Records

On top of that, its usage is booming. TedPillows shared on X that this cryptocurrency just hit a new all-time high (ATH) for total weekly activity. Here’s the data from GrowthPie for the week ending June 1, 2025:

• Mainnet interactions: 2,079,482

• Layer 2 interactions (Arbitrum, Optimism, Base): 11,530,436

• Total engagement: 13,609,918

• That’s a +17% increase in just one week!

Source: Ted X

This shows that people are actually using this altcoin more—especially on Layer 2s, which offer lower fees and faster speed.

Price Prediction: Can Ethereum Hit $15,000?

With all these bullish signals—BlackRock buys ETH while dumping bitcoin, whales piling in, network growth, and rising ETF flows—analyst CryptoElites now believes that the price prediction $3000 is just the start. He even suggested that we may ask soon: will it reach $15000?

Source: CryptoELITES X

While nothing is guaranteed in crypto, these signs do point toward an eth bullish breakout today. Price levels to watch:

• Short-term support: $2,480

• Resistance: $2,750

• Target range (mid-term): $3,000
  Long-term dream: $15,000

Final Thoughts

The Ethereum price surge today is rising not by luck, but by solid data—record user growth, big institutional moves, and bold whale trades. As blackrock buys more of this coin and exits BTC, a new chapter for ETH may be beginning.

The question isn’t just “why it is going up today” but—how high can it go from here? So keep an eye on the support and resistance levels, if it breaks, we may see its bull run soon.