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Ethereum Price Prediction: ETH Under Bearish Pressure Despite SharpLink’s $463M Purchase

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  • June 14, 2025
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Ethereum (ETH) continues to slide despite the significant $463 million purchase made by SharpLink Gaming, making the firm the largest publicly traded owner of ETH. The firm purchased 176,270.69 ETH at an average price of $2,626 and staked more than 95% of its position to secure the network while earning yield. Despite this, ETH is still on the back foot, down 6% amidst growing tensions in the Middle East and heavy futures liquidations. Ethereum is now at risk of further losses if it cannot keep pivotal support levels at around $2,500 and will drop to the $2,260 level, while a breakout over $2,850 can reignite bullish drive. KEY LOOKOUTS • SharpLink purchases 176,270.69 ETH for $462.9 million, the largest publicly traded holder of ETH, with 95% of its holdings staked for network security and yield. • Continued Middle East tensions, especially Israel’s attacks on Iran, are driving broad market volatility and downward pressure on ETH. • Ethereum is faced with serious support at $2,500 and the 38.2% Fibonacci retracement around $2,450. The inability to hold could send prices towards $2,260 or even lower to the $2,110-$2,260 zone. • The Relative Strength Index (RSI) and Stochastic Oscillator (Stoch) are still moving lower, and the risk of further falls rises unless ETH picks up momentum over the $2,850 resistance level. In spite of the upbeat mood generated by SharpLink Gaming’s gigantic $463 million ETH purchase, Ethereum remains under bearish pressures fueled by rising geopolitical tensions and large futures market liquidations. The steep drop of 6% underscores the market’s sensitivity to outside macroeconomic and geopolitical conditions. While SharpLink’s action affirms faith in Ethereum’s long-term utility and network resilience, near-term price action continues to be vulnerable, with primary technical levels being tested. If Ethereum cannot sustain above $2,500 levels, more downside towards $2,260 becomes the probable direction. Ethereum is still under bearish pressure even after SharpLink’s $463 million purchase. Geopolitical tensions and liquidation of futures are still affecting the market. Leveling off at the crucial support of $2,500 can help avoid more downside towards $2,260. •  SharpLink Gaming bought 176,270.69 ETH for $462.9 million, becoming the biggest publicly traded ETH owner. •  More than 95% of SharpLink’s ETH reserves are staked, securing Ethereum’s network and earning yield. •  Ethereum price fell 6% amidst the positive news because of increased Middle East tensions. •  ETH was subject to $296 million in 24-hour futures liquidations that provided additional selling pressure. •  Support levels of interest are $2,500 and the 38.2% Fibonacci retracement at $2,450. •  In case of failure of support, ETH can fall to the $2,110–$2,260 level with 50-day and 100-day SMAs providing potential support. •  RSI and Stochastic Oscillator technical indicators are signaling bearish momentum unless ETH crosses over $2,850 resistance. SharpLink Gaming has been grabbing all the news headlines with its aggressive entry into cryptocurrency with the purchase of 176,270.69 ETH for around $462.9 million. This acquisition not only makes SharpLink the largest publicly traded owner of Ethereum but also reflects increasing institutional faith in the long-term promise of blockchain technology. By staking more than 95% of its position, the company is directly supporting the network security and decentralization of Ethereum while at the same time accruing staking rewards, highlighting a thoughtful strategy for digital asset management. ETHEREUM DAILY PRICE CHART SOURCE: TradingView The takeover is made at a critical juncture in the Ethereum network, with real-world asset tokenization, regulatory clarity, and increasing institutional interest reshaping the wider crypto ecosystem. The wider industry sees Ethereum as becoming a fundamental element of financial infrastructure rather than part of the crypto ecosystem per se. With growing embracement of decentralized finance (DeFi) and forthcoming regulatory blessings from the SEC, Ethereum’s positioning as a settlement layer for financial systems and programmable money strengthens further, attracting major interest from investors and companies alike. TECHNICAL ANALYSIS Ethereum is now cruising through an intense technical region after being rejected in the vicinity of the $2,850 resistance. The price has come down since then by about 12%, dropping momentarily below the $2,500 level before a temporary halt at around the 38.2% Fibonacci retracement level of $2,450. The 50-day Simple Moving Average (SMA) coincides with the lower end of a very important channel and is an important support level. Failing that, Ethereum could drop down towards the range of $2,110–$2,260, where the 100-day SMA offers further support. On the positive side, retaking the $2,850 resistance is paramount to creating a bullish reversal towards the $3,400 level. FORECAST Ethereum would lose support if it cannot hold ground above the $2,500 level and the 38.2% Fibonacci retracement at $2,450. It could be subjected to more selling pressure and possibly continue to the $2,260 support level, with an eventual further slide to $2,110 if bearish forces persist. Having the 50-day and 100-day SMAs in this region might provide some short-term relief, but sustained geopolitical tensions and liquidations in the futures market might bear down on price action. On the upside, Ethereum needs to break above the $2,850 resistance level and hold on to indicate a change in sentiment. A successful break would trigger new buying pressure, and the price may reach the $3,400 resistance area. Favorable regulatory news, institutional inflow, and renewed market optimism can act as the trigger for this move.

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Bitcoin Crypto

Bitcoin Resists Below $81K: Long-Term Investors Indicate Market Strength Amidst Liquidity Downturn

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  • March 19, 2025
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In spite of a reduction in on-chain and futures market liquidity, Bitcoin is holding firm above the $81,000 level, indicating that the market has not yet reached a bearish trend. As per Glassnode’s recent report, although short-term holders have accumulated over $7 billion in extended losses—the longest drawdown duration in the present cycle—long-term holders are still sitting on their gains, indicating sustained faith in Bitcoin’s long-term prospects. With less trading appetite, decreased exchange inflows, and a sharp decline in futures open interest, the market is seeing a short-term contraction instead of an outright downtrend, indicating the potential for another rally in the later part of this year. KEY LOOKOUTS • On-chain as well as futures market liquidity has fallen substantially, with Bitcoin exchange inflows decreasing more than 54% and futures open interest falling by 35%, indicating decreased market participation. • Short-term investors have incurred over $7 billion of losses, representing the longest drawdown in this cycle, which is a sign of capitulation by new investors. • Even in the case of market corrections, long-term investors are still holding onto gains and have not indicated any sign of bulk profit-taking—a good indicator that the market has not moved into a bearish category. • Bitcoin continues in its consolidation phase of $80,000–$83,000 with extreme volatility based on diminished liquidity but without a visible bearish reversal in sight. The market behavior of Bitcoin today gives us a confusing yet optimistic scenario. Though on-chain activity as well as futures markets have shrunk significantly in liquidity, with exchange inflows and open interest plummeting sharply, Bitcoin is still trading firmly above the $81,000 threshold. The pressure is largely being taken in by short-term holders who have experienced more than $7 billion in persistent losses—pointing towards a long stretch of capitulation by newer investors. Long-term holders, though, continue to be unruffled, retaining their gains and hinting no mass selling. This resilience demonstrates that even while in the short-term there will be volatility and little fresh influxes of capital, the market as yet hasn’t entered the phase of the bear and even possible bullish runup is ahead of us. Bitcoin is steady at over $81,000 even as liquidity and futures market activity plummeted sharply. Although short-term holders are suffering significant losses, long-term holders are still sitting on gains, indicating that the market has not yet entered a bearish trend. • Bitcoin is still above $81,000, even with lower on-chain and futures market liquidity. • On-chain exchange inflows have fallen more than 54%, indicating weaker market activity and less trading appetite. • Open interest in futures has decreased by 35%, reflecting diminished speculative interest and capital flow. • Short-term holders have lost $7 billion, which is the longest loss-taking period in this cycle of the market. • Hot Supply (less than a week of BTC being held) has decreased by more than 50%, reflecting less short-term trading activity. • Long-term holders still hold onto gains, reflecting sustained confidence and no indication of widespread sell-offs. • Data from Glassnode indicates the market is consolidating and not entering a bear cycle, with potential for future bull action. Bitcoin remains strong in the market as it maintains a strong position above the $81,000 level. Regardless of continuing fluctuations in trading activity, there is no clear indication that the market is in a downtrend. One of the most heartening indicators is the faith demonstrated by long-term holders, as they continue to hold assets and profits. Their consistent action portrays belief in Bitcoin’s long-term future despite periodic sluggish movement in the market. BITCOIN Daily Price Chart Chart Source: TradingView On the other hand, newer investors seem to be facing more pressure, leading to some exits from the market. However, this hasn’t significantly affected the overall market sentiment. The absence of large sell-offs from experienced holders suggests that confidence in Bitcoin remains strong. Instead of seeing this as a downturn, the current situation can be viewed as a phase of calm before the next big move, with the market still showing signs of healthy consolidation. TECHNICAL ANALYSIS Bitcoin is in the process of consolidating around the $80,000 to $83,000 levels, which reflects a period of stabilization of the market following recent instability. The lateral movement reflects an accumulation phase during which buyers and sellers are striking a temporary balance. The failure to experience a significant breakout or breakdown indicates that the market awaits a catalyst that will determine the next direction of the market. Critical resistance and support points within this range are being monitored, as a clean breakout above or below either level would indicate a possible trend reversal in the near future or in weeks to come. FORECAST Bitcoin continues to have good upside potential if sentiment in the markets improves and new capital starts entering the system. A penetration above the $83,000 resistance level could be followed by a fresh rally to its highs. If long-term investors remain confident and new buyers return to the market, Bitcoin can regain its momentum and move towards higher levels in the next few months. Favorable macroeconomic conditions, institutional demand, or a change in market confidence can also act as triggers for the next leg up. On the negative side, if liquidity continues to tighten and investor appetite remains weak, Bitcoin can come under more pressure. A fall below the key support level of $80,000 could see short-term panic selling, particularly from newer investors. This may result in an interim fall before the market stabilizes once more. But until long-term holders start selling in large quantities, a severe bearish period is unlikely, even if small corrections are experienced along the way.

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Bitcoin Crypto

Bitcoin Holds Strong as Fed Freezes Rates: CME’s New Options on BTC Futures Set to Drive Investor Interest

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  • January 30, 2025
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The Federal Reserve’s decision to keep interest rates unchanged at 4.25% – 4.50% has sparked mixed reactions in the crypto market, with Bitcoin showing a 3% gain despite initial uncertainty. Although the pause in rate cuts might indicate long-term bearish pressure, investor optimism is still boosted by the announcement of the Chicago Mercantile Exchange Group to introduce options on Bitcoin Friday futures, pending regulatory approval. This will provide more risk management tools for traders and could attract institutional investors who have been hesitant about trading Bitcoin futures. The regulatory and market resilience have kept Bitcoin at the center stage as economic policies evolve. KEY LOOKOUTS • Keeping interest rates flat at 4.25% – 4.50% may lead to long-term uncertainty for Bitcoin and the overall crypto market. • Bitcoin jumped 3% as the Fed held interest rates, which shows resilience in the market despite fears that bearish trends might emerge in the long run. • The CME Group’s options on Bitcoin Friday futures may increase institutional interest and provide better risk management for crypto traders. • The success of CME’s Bitcoin options depends on regulatory approval, which could shape investor confidence and influence market dynamics in the coming weeks. Bitcoin surged by 3% lately, after the Federal Reserve’s decision to leave interest rates at 4.25%-4.50% levels and not cut rates may have broader implications for the crypto market in the long term. While there is uncertainty as regards future cuts of interest rates with the stance from the Fed, investor optimism was fueled by a plan of the Chicago Mercantile Exchange Group to offer options on Bitcoin Friday futures pending approval from regulatory authorities. This initiative aims to provide traders with better risk management tools, potentially attracting institutional investors who were previously cautious about Bitcoin futures. However, regulatory scrutiny remains a key factor in determining the success of these options, making it crucial for investors to monitor upcoming policy changes and market reactions. Bitcoin jumped by 3% after the Federal Reserve maintained interest rates at a rapid 4.25% to 4.50%, prompting mixed reactions from the market. On another front, the introduction of options on CME’s Bitcoin Friday futures will potentially attract more institutional investors and complement risk management strategies for traders. Regulatory action and policies from the Fed shall determine the future of Bitcoin. • The Feds kept on keeping interest at 4.25% to 4.50%, this caused uncertainty ahead about the actions of the Monetary policy and also what it portends for bitcoin. • Bitcoin pushed 3 percent higher after Feds’ conclusion, as initially worried investors look beyond the recent weakness and await further positive sign. • The US’s CME Group is aiming to introduce bitcoin Friday options when trading in future is approved to start. • This means that with the entry of Bitcoin options, institutional investors who are skeptical of futures trading in crypto may come in. • How successful CME’s Bitcoin option is will depend on the regulatory approval that could get investors going and ensuring market stability. • Bitcoin did respond positively in the short term, but its policy orientation by the Fed may lead to long-term volatility in the crypto space. • The future of Bitcoin will depend on how investors react to upcoming regulatory developments, Fed policies, and institutional adoption of crypto financial instruments. The Federal Reserve’s decision to maintain interest rates at 4.25% – 4.50% has created a wave of uncertainty in the financial markets, with Bitcoin showing resilience by gaining 3% following the announcement. While the Fed is still being conservative in terms of future rate adjustments, the crypto market is very sensitive to economic signals. The investors are looking at how this decision might influence liquidity and the market sentiment in the long term. A prolonged period of steady rates might bring bearish pressure on Bitcoin, but for now, the market seems optimistic and reacts positively to short-term developments. BITCOIN Daily Chart TradingView Prepared by ELLYANA Adding to the excitement, the Chicago Mercantile Exchange Group (CME) has announced plans to launch options on Bitcoin Friday futures, pending regulatory approval. This move is expected to enhance risk management strategies for traders and potentially attract institutional investors who were previously skeptical about Bitcoin futures. If approved, these options could bring greater liquidity and stability to the market, making Bitcoin trading more structured. However, regulatory scrutiny would continue to remain a key factor, and investors should remain vigilant on how potential policy shifts could influence both crypto prices and institutional participation in the space. TECHNICAL ANALYSIS The 3% rise for Bitcoin after the Federal Reserve decided to leave interest rates steady indicates short-term bullish momentum. BTC/USD now tests a resistance level at the $42,000 mark with a potential move higher toward $44,500-$45,000 if that level breaks through. The dynamic support is observed from the 200-day moving average, whereas the Relative Strength Index (RSI) sticks around the level of 55-60; it is fairly bullish but hasn’t gone to overbought levels. A rejection at the resistance zone would likely send Bitcoin back to the $39,500-$40,000 support range, which should provide extra strength with both the 50-day MA and Fibonacci retracement levels. The volume trends and any breakouts will be key as the increasing institutional interest in the CME’s Bitcoin Friday futures options can lead to some volatility in the coming sessions. FORECAST Bitcoin’s short-term bullish momentum has been boosted by its 3% jump after the Federal Reserve’s interest rate decision. If the buying pressure continues, BTC will break above the $42,000 resistance level and open the way for a potential rally toward $44,500 – $45,000. A decisive breakout above this zone, supported by strong volume and institutional participation from CME’s Bitcoin Friday futures options, could push Bitcoin toward $48,000, where the next major resistance lies. Positive macroeconomic factors, along with growing demand for crypto derivatives, may strengthen the bullish case further in the coming weeks. Downside risks, however, are still prevalent, especially if Bitcoin fails to hold above key support levels. A rejection at $42,000 may

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