A smart trader closed out his ETH long position before the current decline, making a profit of $948,000

Quick Take Summary is AI generated, newsroom reviewed. BlackRock clients purchased $41.91 million in Ethereum, marking a major institutional Ethereum investment milestone. The move aligns with growing BlackRock crypto adoption and optimism around Ethereum ETFs. Institutions prefer Ethereum for its scalability, energy efficiency, and real-world tokenization potential. The trend signals accelerating Ethereum market growth driven by institutional inflows and blockchain integration.References JUST IN: BlackRoc

- EDEN surged 173.91% in 24 hours to $5.84 on Oct 22, 2025, but remains down 685.81% in seven days. - Analysts attribute the spike to speculative trading, not fundamentals, with no sustained momentum following the rally. - Technical indicators show overextended positions, suggesting short-term consolidation and potential support level retests.