Kategorie: Ethereum News

Ethereum news about the ETH blockchain and its crypto ecosystem.

Veröffentlicht am

Ethereum retests $2,500 as companies bet big on ETH

  • Ethereum price has shown resilience in the past 24 hours, trading to highs of $2,559.
  • Major announcements by SharpLink Gaming and BTCS Inc. have bolstered sentiment.
  • ETH price could eye $3,000 andan  all-time high in the coming months.

Ethereum (ETH) price fell to below $2,480 on Monday, clipping recent gains amid a broader dip for cryptocurrencies and stocks.

However, despite overall market weakness, Ethereum is trending green in the past 24 hours and poised at the key level of $2,500. Analysts predict recent bullish sentiment amid major adoption news could spark a fresh surge for the altcoin that has come close to breaking above $2,800 on multiple occasions.

Ethereum price poised near key level

As noted above, the price of ETH is trading above the key level of $2,500 – bulls had touched highs of $2,559 at the time of writing.

This is after slight gains in the 24 hours, with this coming after a minor dip for crypto that mirrored the slip for stocks amid tariff concerns.

Yet, despite Bitcoin (BTC) also retreating to below $104,000 and triggering over $156 million in liquidations, Ethereum is back above $2.5k.

What it means is that Ethereum’s price is consolidating in a tight range near $2,500. It’s a key technical level that has recently acted as a major support zone. While it currently offers significant resistance, a breakout above it could be huge for ETH bulls.

SharpLink Gaming, BTCS Inc. bet on Ethereum

One of the big bullish catalysts building up for the Ethereum price is corporate adoption of ETH as a treasury asset. This factor has boosted BTC and now stands as one of the keys to unlock bullish action for the top altcoin.

SharpLink Gaming has made headlines over ETH with its plans for a $1 billion raise to acquire ETH.

Its announcement has recently seen the token’s price go up, and future buys might have a notable impact on both sentiment and price movement. On Monday, June 2, 2025, the company announced a $425 million private placement.

Also taking an Ethereum treasury approach is BTCS Inc., a Nasdaq-listed blockchain firm that just bought 1,000 ETH via the Crypto.com Exchange. The US-based company, focused on revenue generation via Ether infrastructure, now holds 13,500 ETH – up from just over 9,000 at the end of Q1, 2025, and 12,500 ETH in mid-May.

This doubling down on Ethereum has also attracted companies such as French real estate firm Entreparticuliers and Saudi-backed VivoPower. It’s a move that speaks to growing attention towards Ethereum.

Price may therefore see a spike in the coming weeks and months. However, traders might want to consider the macro environment, particularly tariffs and the geopolitical front. On the former, analysts at QCP noted:

“Tariff tensions will likely drive the macro narrative through June, with major policy decisions expected only after July 8. Until then, the market may stay on pause.

Ethereum’s price hovered around $2,541.

The post Ethereum retests $2,500 as companies bet big on ETH appeared first on CoinJournal.

Veröffentlicht am

ENS price surges: could Ethereum Name Service hit $100k milestone?

  • Ethereum Name Service (ENS) surges 8% to hit a two-week high amid altcoin buzz.
  • Analysts see ENS as one of top Ethereum beta plays.
  • If bulls rally, a breakout to $50 could allow a potential retest of $100 amid ETH spike.

Ethereum Name Service (ENS) price has jumped more than 35% this past month and was up 8% in 24 hours on Thursday as some altcoins stole the shine off Bitcoin.

By reaching the current price levels, ENS is seeing its market cap hover near $903 million, while the 24-hour trading volume is up 157% to over $192 million.

Per Coinglass, Ethereum Name Service derivatives data analysis shows volume has spiked more than 120% to over $306 million. Meanwhile, Open Interest in the token is up 30%, with open positions worth of $114 million signalling market interest.

What is Ethereum Name Service?

The Ethereum Name Service (ENS) is an open-source, decentralized naming protocol built on the Ethereum blockchain.

It transforms user-friendly Ethereum addresses, such as jane.eth, into the complex, machine-readable codes recognized by wallets like Metamask. Additionally, ENS supports reverse mapping, allowing metadata and machine-readable addresses to be linked with these human-friendly Ethereum names.

ENS aims to simplify interaction with the Ethereum ecosystem, making it more intuitive and accessible for users, much like the Internet’s Domain Name System (DNS) enhances web usability.

Similar to DNS, ENS employs a hierarchical structure of dot-separated domains, where domain owners have full authority over their respective subdomains.

Analysts are pointing to ENS as one of the top Ethereum (ETH)-beta plays today. With ETH expected to rally in coming months, tokens like EigenLayer (EIGEN), Arbitrum (ARB), Lido DAO (LDO) and Ethereum Name Service (ENS) could be poised for gains too.

Can ENS price reclaim $100$

With interest in ENS rising amid adoption that includes further traction in the Ethereum and Solana name domain ecosystems, price has looked to return to last year’s lofty highs.

ENS hitting those highs of $48 reached in December 2024 is likely after buyers pushed the altcoin token to two-week highs of $25, a potential technical breakout signals the price could target resistance around $30.

Traction of Ethereum Name Service as a decentralized DNS platform, plus its growing NFT momentum offer additional tailwinds.

On the technical charts, ENS is currently testing resistance near its 200-day moving average and breakout would signal further gains.

RSI and an ascending triangle pattern on the daily chart suggest if buyers reclaim $30, the next uptick could drive prices to 2024 highs. The $100 mark represents a psychological level that ENS bulls will target if risk on sentiment prevails in coming months.

However, if the market flips negative, a downtrend can bring the $20 mark into view. Robust support lies in the $12-$16 range.

The post ENS price surges: could Ethereum Name Service hit $100k milestone? appeared first on CoinJournal.

Veröffentlicht am

Over 30% of new crypto users start with meme coins, says Gemini’s 2025 report

  • 94% of meme coin holders also invest in Bitcoin and Ethereum later.
  • US leads in meme coin adoption, with 31% starting their crypto journey with them.
  • Meme coins now have a combined market cap of $74.4 billion.

Meme coins are no longer just a punchline in the crypto world.

A new study by Gemini suggests these internet-born tokens are now the entry point for over 30% of new cryptocurrency users across key markets like the US, UK, and Australia.

According to the State of Crypto 2025 report, meme coins such as Dogecoin and PEPE are not only attracting first-time investors but also acting as stepping stones into more established digital assets like Bitcoin (BTC) and Ethereum (ETH).

This finding highlights a broader shift in investor behaviour and growing convergence between retail trends and institutional access.

Gemini report shows meme coins as crypto onboarding tools

The report draws on data from 7,205 respondents across six countries and reveals that meme coins serve as early training tools for new investors.

In the US, 31% of those who own both meme coins and traditional cryptocurrencies said they bought meme tokens first.

The trend is mirrored across other markets, with 30% in Australia, 28% in the UK, 23% in Singapore, 22% in Italy, and 19% in France following a similar pattern.

This shift in entry behaviour reflects meme coins’ growing role in demystifying wallets, decentralised exchanges, and tokenomics.

Gemini’s data shows that 94% of meme coin holders eventually invest in major cryptocurrencies.

This progression underlines the fact that meme tokens act as gateways rather than endpoints in crypto journeys.

Institutional crypto access rises as meme coins gain ground

The increasing legitimacy of meme coins coincides with a significant institutional push into digital assets.

The Gemini report finds that 39% of US investors now hold crypto through exchange-traded funds (ETFs).

These regulated instruments are bringing new credibility to the space and creating overlap with retail-driven segments like meme coins.

Combined market capitalisation for meme coins currently stands at $74.4 billion, according to CoinGecko.

What started as parody has developed into a meaningful vertical within the broader crypto market.

The synergy between viral meme content and professionalised investment vehicles suggests that crypto adoption is maturing in complexity and scale.

Adding further momentum is the political backdrop in the US. President Donald Trump has voiced support for crypto, even proposing the creation of a Strategic Bitcoin Reserve.

His stance aligns with a wider regulatory shift that includes approvals for spot Bitcoin ETFs.

Together, these factors contribute to a climate that supports both the entertainment value of meme coins and the financial rigour of traditional crypto investments.

Community engagement now drives meme coin valuation

The latest sentiment from industry insiders supports the growing seriousness around meme coin investment.

Justin Sun, founder of Tron and an advisor to Huobi Global, also commented on this trend.

He highlighted that success in meme coins requires more than virality—it demands genuine community engagement.

For Sun, this means looking beyond follower counts to actual participation and interest.

He described meme coin projects as requiring the same level of commitment as major crypto platforms to gain traction and achieve long-term viability.

The post Over 30% of new crypto users start with meme coins, says Gemini’s 2025 report appeared first on CoinJournal.

Veröffentlicht am

Ethereum surges 5% as SharpLink eyes $425m ETH treasury

  • Ethereum price climbed 5% to break to highs of $2,680 and rank among the top gainers on the day.
  • The gains came as SharpLink Gaming announced plans to buy $425 million worth of ETH.
  • SharpLink is adopting ETH as its primary treasury strategy.

Ethereum price rose more than 5% on Tuesday as the top altcoin benefited from an upside spark triggered by SharpLink Gaming’s announcement that it would be buying $425 million worth of ETH as part of its treasury strategy.

The price of ETH, which hovered below $2,530 earlier in the day, rose to above $2,680, with the price surging more than 5% amid market reaction.

ETH price chart by CoinMarketCap

Per CoinMarketCap, the uptick also saw Ethereum’s daily volume spike, reaching $23 billion after surging 81%.

ETH price going up also came as Standard Chartered shared insights suggesting the altcoin will outpace Solana (SOL) in 2025.

Notably, SOL price hovered around $177, largely flat on the day and just 6.8% up in the past week.

Comparatively, Ethereum has gained 8% in the week, not up by much as Bitcoin continued to accumulate around the $110k level.

SharpLink Gaming to buy $425 million of ETH

On Tuesday, as Trump Media announced it was raising $2.5 billion to buy Bitcoin, SharpLink Gaming, a Nasdaq-listed company, dropped its own huge announcement.

The company is looking to raise $425 million to buy Ethereum, with its funding coming from the offer of a private investment in public equity (PIPE) round.

The offer, backed by Ethereum development studio Consensys, seeks to offer 69,100,313 shares of its common stock at the price of $6.15 per share.

Aggregate proceeds of the raise, which will close on May 29, subject to closing conditions, will go into ETH as the company’s primary treasury asset.

“Consensys looks forward to partnering with SharpLink to explore and develop an Ethereum Treasury Strategy and to work with them in their core business as a strategic advisor. This is an exciting time for the Ethereum community, and I am delighted to work with Rob and the team to bring the Ethereum opportunity to public markets,” said Joseph Lubin, founder and chief executive officer of Consensys.

Lubin is also a co-founder of Ethereum. Consensys’ involvement in the deal was as a lead investor.

Meanwhile, top crypto venture capital firms and ecosystem players joined the initiative, with participants including Pantera Capital, ParaFi Capital, Electric Capital, Arrington Capital, and Galaxy Digital.

Others are crypto platform Ondo, VCs White Star Capital, GSR, Hivemind Capital, Hypersphere, and Primitive Ventures.

“This is a significant milestone in SharpLink’s journey and marks an expansion beyond our core business. On closing, we look forward to working with Consensys and welcoming Joseph to the Board,” Rob Phythian, founder and CEO of SharpLink, said in a statement.

Ethereum traded around $2,675 at the time of writing, with the price about 45% off its all-time high of $4,891 reached in November 2021.

The post Ethereum surges 5% as SharpLink eyes $425m ETH treasury appeared first on CoinJournal.