Ethereum retests $2,500 as companies bet big on ETH

Ethereum Price


Ethereum price has shown resilience in the past 24 hours, trading to highs of $2,559.
Major announcements by SharpLink Gaming and BTCS Inc. have bolstered sentiment.
ETH price could eye $3,000 andan  all-time high in the coming months.

Ethereum (ETH) price fell to below $2,480 on Monday, clipping recent gains amid a broader dip for cryptocurrencies and stocks.

However, despite overall market weakness, Ethereum is trending green in the past 24 hours and poised at the key level of $2,500. Analysts predict recent bullish sentiment amid major adoption news could spark a fresh surge for the altcoin that has come close to breaking above $2,800 on multiple occasions.

okex

Ethereum price poised near key level

As noted above, the price of ETH is trading above the key level of $2,500 – bulls had touched highs of $2,559 at the time of writing.

This is after slight gains in the 24 hours, with this coming after a minor dip for crypto that mirrored the slip for stocks amid tariff concerns.

Yet, despite Bitcoin (BTC) also retreating to below $104,000 and triggering over $156 million in liquidations, Ethereum is back above $2.5k.

What it means is that Ethereum’s price is consolidating in a tight range near $2,500. It’s a key technical level that has recently acted as a major support zone. While it currently offers significant resistance, a breakout above it could be huge for ETH bulls.

SharpLink Gaming, BTCS Inc. bet on Ethereum

One of the big bullish catalysts building up for the Ethereum price is corporate adoption of ETH as a treasury asset. This factor has boosted BTC and now stands as one of the keys to unlock bullish action for the top altcoin.

SharpLink Gaming has made headlines over ETH with its plans for a $1 billion raise to acquire ETH.

Its announcement has recently seen the token’s price go up, and future buys might have a notable impact on both sentiment and price movement. On Monday, June 2, 2025, the company announced a $425 million private placement.

Also taking an Ethereum treasury approach is BTCS Inc., a Nasdaq-listed blockchain firm that just bought 1,000 ETH via the Crypto.com Exchange. The US-based company, focused on revenue generation via Ether infrastructure, now holds 13,500 ETH – up from just over 9,000 at the end of Q1, 2025, and 12,500 ETH in mid-May.

This doubling down on Ethereum has also attracted companies such as French real estate firm Entreparticuliers and Saudi-backed VivoPower. It’s a move that speaks to growing attention towards Ethereum.

Price may therefore see a spike in the coming weeks and months. However, traders might want to consider the macro environment, particularly tariffs and the geopolitical front. On the former, analysts at QCP noted:

“Tariff tensions will likely drive the macro narrative through June, with major policy decisions expected only after July 8. Until then, the market may stay on pause.

Ethereum’s price hovered around $2,541.





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Pin It on Pinterest

CryptoKorner
Ledger
CryptoKorner
Ethereum Price
okex
undefined
Bybit
Ethereum Price
Ethereum NFTs Dominate Sales, Trading Volume, and Market Cap as ETH Nears $4K
Ethereum
Spot Bitcoin ETFs Surge with $363M Inflows, Extend 12-Day Rally to $6.6B
Ethereum Short Squeeze Wipes Out Billions as ETH Price Targets $4,000
Will $46B Record Open Interest Send ETH to $3OK?
bitcoin
ethereum
bnb
xrp
cardano
solana
dogecoin
polkadot
shiba-inu
dai
Free book
Ledger
Ethereum Price
Mawson CEO Fired for Cause Amid Accusations of Fraud and Misconduct
The AI Gig Economy Is Here—And It Pays in Crypto
Top 15+ Most Affordable Proxy Providers 2025
DYDX Price Holds Above $0.67 Despite 4.6% Drop as Network Upgrades Show Technical Strength
Ethereum Price
Mawson CEO Fired for Cause Amid Accusations of Fraud and Misconduct
The AI Gig Economy Is Here—And It Pays in Crypto
Top 15+ Most Affordable Proxy Providers 2025
ar
zh-CN
nl
en
fr
de
it
pt
ru
es
en
bitcoin
ethereum
xrp
tether
solana
bnb
usd-coin
dogecoin
staked-ether
cardano
bitcoin
ethereum
xrp
tether
solana
bnb
usd-coin
dogecoin
staked-ether
cardano