Ether is witnessing a notable recovery driven by increased usage in the stablecoin system, as half of these coins are issued on Ethereum. In recent days, the price of ETH has risen by about 5–6% to levels between $2,800–$2,900, due to calm U.S. inflation data and a potential trade agreement between the United States and China.
SharpLink Gaming has become the largest public investor in ETH by purchasing 176,270 ETH for approximately $463 million, with a staking ratio exceeding 95% of its holdings, despite recent price volatility.
Technically, ETH faces resistance at around $2,800–$2,850, with expectations of reaching $3,500–$4,000 if it surpasses these levels, while the range of $2,500–$2,740 serves as critical support.
