Financial giant BlackRock has made a significant investment in Ethereum (ETH), acquiring $6.4 million worth of the cryptocurrency. This move comes amid escalating bullish sentiment within the crypto market, fueled by increasing institutional interest and growing DeFi activity. Analysts suggest that this high-profile purchase from a major player like Blackrock could signal a price surge for ETH, potentially triggering a broader altcoin rally known as ‘altseason’. The Ethereum network, credited with pioneering blockchain technology and laying the groundwork for innovations like NFTs and DeFi, has yet to fully recover its momentum. While improvements are being made on speed and scalability, challenges remain. However, recent accumulation by both large institutions and individual whales further bolster hopes for a sustained price rise. 10,000 ETH worth $14.54 million was recently accumulated by an unknown whale in a single wallet. Blackrock’s substantial investment serves as a potent catalyst for the crypto market and is expected to influence broader cryptocurrency trends in the coming months.