Key results:

• Sharplink Gaming establishes the first State Treasury, supported by co -founder Ethereum Joe Lubina. Sharplink will invest $ 425 million for the purchase of 120,000 ETH.

• The open percentage of Ethereum Futures reaches the highest level of 36.1 billion dollars, and the price of ETH rose 4.5% on the daily chart.

The Sharplink Gaming (SBET) recorded by Nasdaq has announced a private private investment in the amount of USD 425 million in public equity (Pure), purchasing about USD 69.1 million shares after 6.15 USD for establishing the first Tax Company Ethereum (ETH).

Leaded by the co -founder of Ethereum Joe Lubina, this movement reflects the strategy of Strategy Strategy (MST) brought over $ 8.2 billion in profits in 2025, using the sale of shares and bonds to take over BTC.

Former developer Ethereum and collaborator Eric Conner Highlighted Sharplink sleek implications, paying attention to its potential to create a “public proxy eth for funds that cannot directly maintain tokens.”

Conner emphasized that the acquisition of 120,000 ETH – probably set – can lead to “compression of delivery” by removing tokens from circulatory. The supporter of the ether also pointed to “new narrative fuel”, which he provides, positioning ETH as “digital reserve protection” and potentially driving its acceptance on mainstream balances via capital packaging, such as $ SBET.

However, the Victor cryptographic analyst carefully Against excessively enthusiasm, determining the risk of using profits from Altcoin, which still fell by 19% in 2025.

In the first quarter of 2025, Cointelegraph reported a keen drop in fees for the Ethereum network, falling to USD 605,000 from $ 2.5 million in just two weeks in March, along with a noticeable decrease in the decentralized APP activity (DAPP). Although the average daily fees in the Ethereum chain remained above $ 1 million from May 9, 2025, the fees remain much lower compared to Q1 2024, as emphasized in the chart.

Related: Ethereum flashes the “Altsason” signal as ETH price EYES 4.1,000 USD

Ethereum open interest prints recent ups because ETH is aiming

The announcement of Sharplink caused an escalate in the market activity of Ethereum Futures. Open percentage of Futures Ether (OI) reached a recent highest level of all time in the amount of $ 36.1 billion, increasing $ 3.5 billion in 24 hours. Ether OI increased by 72% over the past month, reflecting the increased activity of the salesman.

Ether prices also increased by 4.50% during the day, and Maartuun, a social analyst at Cryptoquant, indicated The probability of a pump driven by a lever for Altcoin.

Over the past 30 days, ether prices have gained 48%, with markets show 10 pump signals based on lever. Most of these rallies – eight out of 10 – caused negative phrases, and one rally caused a tiny squeeze, increasing prices, and the other showed a neutral price.

From a technical point of view, the price of Ether on the daily chart was published by a decreasing triangle, a stubborn pattern of a breakthrough, which creates equal ups and higher falls, approaching the nearest rally.

The pattern borders on two trends, upper resistance, currently around 2,700 USD and a growing support line. A liquid breakthrough above USD 2,277 is directed to a measured pattern movement, calculated by adding a triangle to a breakthrough point. Designs a target range of USD 3,3200, adapted to earlier resistance levels of around $ 1,300 and USD 3,400.

The relative force indicator (RSI) at 68.50 supports this stubborn perspectives. RSI near 70 indicates a powerful shoot, with reset the indicator after oscillating in the purchased area (above 70), which suggests that Altcoin can prepare for a fresh rally.

Anonymous cryptographic trader Mo_xbt pointed out Issue “Sandwic configuration” for Ethereum. The analyst also believed that re -processing of USD 3000 was inevitable and said:

“I have to love a sandwich set up on Daily – above 1D 200EM, below 1D 200MA and 300mA. I saw it many times in the last month, always leads.”

Related: Bitcoin profit involved in the maintenance, but Rally up to $ 115,000 will eliminate tiny

This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.