$ETH 1. Resurgence Driven by Stablecoins

Ether has shown a rebound compared to Bitcoin and Solana, rising ~2.4% in the past week, thanks to its central role in the stablecoin ecosystem (almost half is issued on Ethereum). Additionally, the recent upgrade "Pectra", along with favorable regulation and the public debut of Circle, has strengthened its institutional appeal.

2. Rally Due to Macroeconomic Data

Attention surrounding the U.S. inflation data boosted cryptocurrency prices. ETH approached $2,800, reflecting a widespread bullish sentiment.

3. Massive Purchase by SharpLink

The firm SharpLink Gaming acquired 176,270 ETH (≈ $463M) at an average price of about $2,626. Subsequently, it staked 95% of it, thereby reinforcing its position and the security of the network.

4. Selling Pressure and Technical Risk

Indicators such as MVRV show signs of profit-taking (sell signal) and warn of a key support level near $2,410, while ETH experiences rejection around $2,875.