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

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8 months ago

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  • 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.

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.
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