Key Insights
- BlackRock led a $70.2M ETF inflow into ETH, marking the biggest daily spike in May.
- SharpLink Gaming plans to raise $1B to buy ETH, echoing MicroStrategy’s BTC playbook.
- ETH price must hold $2,550 for a rebound to $2,650, as TD Sequential flashes a buy signal.
Ethereum price is entering a critical phase with bullish signals and institutional demand around $2,500. After dropping 4.5% in 24 hours, the ETH price showed support from key technical levels and ETF inflows.
These actions by corporations are supporting ETH even as the market remains uncertain. BlackRock and SharpLink Gaming are raising their stakes in Ethereum by buying in through ETFs and stocks.
Ethereum Price Eyes Recovery as TD Sequential Signals Bounce
Ali Martinez states that the Ethereum price needs to stay above $2,550. This level confirms a TD Sequential buy signal on the 4-hour chart.
If this level holds, the ETH price could rebound toward $2,650, a key resistance zone tested earlier this month. This type of pattern commonly causes a short-term rise in prices.
Sensei also noticed a rising wedge forming, which often signals a coming upward price movement. A sharp rally could follow if the Ethereum price breaks its horizontal resistance.
ETH price might surge to $2,900 or even higher. As long as the rising trend holds, the structure is still valid and supports the start of a bull move.
ETH Price Gets $70M Boost from ETF Inflows
On May 30, $70.2 million was added to spot ETH exchange-traded funds, showing strong institutional support for Ethereum.
According to analyst TedPillows, BlackRock’s investment in the ETHA product led to $70.2 million of inflow. This is the biggest daily amount invested in Ethereum ETFs this month, showing investors feel more secure.
Assets from Fidelity and Bitwise were continually invested in May, although on a smaller scale. More than $3 billion has come into Ethereum ETFs recently, not including what was withdrawn from Grayscale’s legacy offering.
These consistent purchases indicate that large investors accumulate positions at the current Ethereum price levels. Analysts view this accumulation as a positive sign.
ETH price trading at around $2,500 means institutional traders probably hope this bottom will stick. Ethereum’s support could improve if demand for ETFs stays strong around these levels, and another rally might begin.
SharpLink Gaming Files $1B Offering to Accumulate ETH
SharpLink Gaming brought more attention to ETH investments. It has proposed a $1 billion equity offering in its May 30 SEC filing. The strategy is to buy large amounts of Ethereum for the crypto treasury.
SharpLink is following the Bitcoin-buyer MicroStrategy strategy. Its approach mirrors Michael Saylor’s accelerated accumulation. The company noted that part of the money would go to operating expenses and marketing.
However, the leading use would be to purchase Ether. SharpLink announced this on May 27 and established Joseph Lubin, Ethereum co-founder, as chairman to further bond with the Ethereum ecosystem.
The stock price of SharpLink skyrocketed 400% right after the announcements. Following its large ETH purchase, the community nicknamed the company “Ethereum’s Saylor.”
This reflects the growing trend of businesses accumulating Ethereum. With more ETFs coming in and chart trends encouraging it, Ethereum is set up well for an increase.
ETH Price Faces Regulatory Catalysts in June
Ethereum continues to deal with major problems related to regulation and the economy. SharpLink warned in its SEC filing that introducing central bank digital currencies could lead to less ETH being demanded.
There is also uncertainty surrounding whether Ethereum will be deemed a security. This would increase its regulation in the U.S.
ETF provider REX Shares has submitted papers to create the first Ethereum and Solana staking ETFs using a different regulatory model. Should the proposal be passed, staking rewards could be offered to traditional investors, speeding up institutions’ acceptance of Ethereum.
Ethereum price has gained nearly 40% in the past 30 days due to ETF growth and more companies becoming interested. However, the ETH price must stay above $2,650 in the short run. Ethereum’s path ahead will be affected by technical aspects, activity from institutions, and changes in rules.
