Author
Ahmed Barakat
Author
Share it
Facts Checked by
CryptoNews Editorial Team
Author
SharpLink Games has just broken its eight-month silence on Ethereum, and it may be about to change its price. ETH itself is currently on the bottom, barely holding on.
A few hours ago, SharpLink added 5,000 ETH to its assets after an eight-month hiatus, resuming its accumulation despite sitting on $1.71 billion in unrealized capital on its current assets.
It’s not pretty, but shopping through the nine screens shows passion, and it makes sense. principles of corporate finance which led to a major reevaluation of Bitcoin when the Strategy made the same paper loss. The move also came as ETH ETF inflows remained unchanged, making the business even more important as a demand signal.
Not only Ethereum, derivative transactions hit these levels a week along with the announcement of SharpLink. But what’s next for ETH? Can it stop its decline?
Find out: The Best Trading Signals
Ethereum Price Prediction: Running Before the Resistance Band Breaks?
Ethereum is trading at $1,550 after a significant decline this month. The price remains below major resistance, while recent sessions show buyers protecting the downside. Near-term support is around $1,500–$1,550, a region that has attracted a lot of interest recently.
Meanwhile, the power remains mixed. The market has not yet reached the hottest conditions, leaving room for recovery if buying pressure improves. However, bulls still need to recover greater levels of resistance before a change in strength is confirmed.
On the downside, long-term resistance is near $1,700–$1,750. A sustained move above this area would touch $1,850 and possibly $2,000. Until then, Ethereum is still in a recovery phase rather than a stable one.
The trend calls for Ethereum to hold above the $1,500 support zone and break through $1,750. In such cases, the risk can rise to a high level. Conversely, the failure to defend the support would lead the market to some new tests near $1,400.
Institutional interest and long-term accumulation remain supportive factors. Even so, price action remains a major indicator. A firm close above major resistance is still needed before the market can confirm a sustained change.
Note: The best crypto to change your profile
LiquidChain Looks Toward Mover Upside As Ethereum Tests Key Levels
ETH at $1,500 is a structural construct. But for traders who have watched Ethereum grind against the resistance for many months, the upward movement from the current levels, even up to $ 2,000, requires patience and tolerance for difficulties that may affect $ 1,800 at first. That’s not a knock on ETH; it’s actually a $200 billion property purchase on a technical basis. Early construction games offer a very different history.
LiquidChain ($LIQUID) is a Layer 3 project targeting the cross-currency problem directly, combining Bitcoin, Ethereum, and Solana currencies into a single clearinghouse through the Unified Liquidity Layer.
The architecture includes Slow Build, Guaranteed Stability, and a Deploy-Once model that allows developers to access all three ecosystems without rebuilding any chain. Presale price right now $0.01473and $870K is up until now.
LiquidChain company’s opinion new presale closure.
Don’t miss our $1,000 USDT Airdrop on ByBit
