BlackRock and Fidelity bought a large amount of Ethereum, and the on-chain data attracted attention! According to data disclosed by Cointelegraph on the X platform, the two financial giants bought a total of 101,390 ETH this week, worth about $342.2 million. This action has aroused widespread market attention to the possible changes in Ethereum's price and market value ranking.

First, the purchase behavior of BlackRock and Fidelity may reflect the confidence of institutional investors in the future development of Ethereum, which may have a positive impact on market sentiment. However, large-scale purchases may also lead to increased price volatility in the short term, and investors need to pay close attention to changes in on-chain data.

Secondly, this incident once again emphasized the importance of on-chain data analysis. By monitoring large transactions and market trends in real time, investors can better grasp market trends and make more informed decisions.