Ethereum News Today: ETH/BTC Surpasses 0.016 as BlackRock Shifts $561M to Ethereum

Ethereum’s rising momentum against Bitcoin has intensified as institutional capital begins to reposition, with BlackRock making a significant $561 million move from Bitcoin to Ethereum in early June 2025. The firm purchased $118.6 million worth of ETH and has not sold a single unit since May 7, signaling a strategic shift in institutional portfolio allocations [1]. This development coincides with a technical breakout in the ETH/BTC pair, which has surpassed the 0.016 BTC level—a key threshold that marked the beginning of the 2021 altcoin rally cycle [2].

On the monthly ETH/BTC chart, Ethereum has confirmed a breakout above 0.0168 BTC, reinforcing the growing narrative of altcoin strength. This price action follows a bottoming structure identified in April, as noted by Crypflow on X [3]. The technical indicators supporting this breakout include a strong bullish cross in the Stochastic RSI and an RSI crossing above its moving average—patterns that historically preceded major altcoin market movements [4]. These signals suggest a reawakening of altcoin dynamics, with Ethereum at the forefront.

The breakout has now directed focus toward key resistance levels. The first major barrier is a trendline that has constrained ETH/BTC since August 2022. If this level is breached, Ethereum may face further tests at 0.025 BTC and 0.034 BTC. These levels represent critical psychological and technical thresholds for Ethereum’s dominance over Bitcoin [5]. A successful push beyond them could validate a broader altcoin season similar to 2021, where Ethereum led the market higher.

The alignment between technical strength and institutional activity is notable. BlackRock’s recent rotation underscores a shift in sentiment and risk appetite within institutional circles. While Bitcoin remains the largest cryptocurrency by market capitalization, the move to Ethereum reflects growing confidence in its role as a foundational blockchain platform and a more dynamic asset class [6]. The firm's decision to hold ETH without selling suggests a belief in Ethereum’s long-term value and potential for outperformance.

The market is now closely watching whether Ethereum can maintain its breakout and push higher, particularly as resistance levels come into play. If Ethereum continues to outperform Bitcoin, it could trigger broader capital flows into altcoins, potentially leading to a renewed altseason. Institutional rotations like BlackRock’s may serve as an early indicator of such a shift, reinforcing the narrative that the market is entering a new phase of asset diversification and altcoin participation [7].

---

Source: [1] [2] [3] [4] [5] [6] [7]

[1] [2] [3] [4] [5] [6] [7]title:ETH/BTC Breaks Out as BlackRock Rotates $561M from Bitcoin to Ethereum (https://cryptofrontnews.com/eth-btc-breaks-out-as-blackrock-rotates-561m-from-bitcoin-to-ethereum/)