Ethereum (ETH) has recently seen its price dip to $2,500 amid a broad crypto market sell-off. However, promising on-chain data, combined with rising institutional inflows into spot Ethereum ETFs and ambitious corporate treasury plans, signal that a rebound to $3,000 could be on the horizon.
On-Chain Metrics Signal Near-Term Price Recovery
Despite ETH’s recent rejection at the $2,700 resistance level and a subsequent 9% pullback to $2,500, key on-chain metrics remain optimistic. The drop triggered around $160 million in liquidations in leveraged bullish ETH futures, yet the annualized futures premium has held steady near 6%. This premium, typically ranging from 5% to 10% in neutral markets, reflects the extra compensation sellers demand for delayed settlement, suggesting sustained market interest.
Notably, data from crypto analyst Rekt Capital highlights that as long as ETH maintains support above $2,468, the path remains open for a potential rally towards $3,900. This defensive level could serve as a critical foundation for bulls aiming to drive the price past the $3,000 milestone.
$ETH
— Rekt Capital (@rektcapital) May 29, 2025
Ethereum has been successfully retesting black as support for the past few weeks
In doing so, Ethereum is repeating early 2024 history (green circle) with a successful retest, the only difference is that it has just taken longer this time#ETH #Crypto #Ethereum https://t.co/MbGqBBZxCI pic.twitter.com/6RIWCEqYTJ
SharpLink Gaming’s $1 Billion Ethereum Treasury Ambition
Institutional confidence in Ethereum is underscored by SharpLink Gaming’s recent filing with the U.S. Securities and Exchange Commission (SEC) for a $1 billion common stock offering aimed at building its Ethereum treasury. The company revealed plans to use nearly all proceeds from this offering to acquire ETH, marking a bold bet on Ethereum’s long-term potential.
SharpLink Gaming’s May announcement also included appointing Ethereum co-founder Joseph Lubin as chairman, further solidifying its strategic focus on the Ethereum ecosystem. Following this news, SharpLink’s stock surged dramatically, climbing 400% in a single trading session on May 27.
REX Shares’ Staking ETF Plans and Rising ETF Inflows
Adding to the positive outlook, REX Shares has filed an effective prospectus with regulators to launch staking ETFs for Ethereum and Solana. This innovative 40-Act fund structure bypasses the traditional 19b-4 approval process, potentially accelerating the availability of staking investment vehicles in the U.S.
Also Read: Ethereum Price Breaks $2,600: Analysts Predict Rally to $3,600 as ETF Inflows Surge
Meanwhile, inflows into spot Ethereum ETFs have gained momentum, with funds like BlackRock’s iShares Ethereum Trust (ETHA) recording ten consecutive days of net positive inflows. This institutional demand could provide significant price support as the market looks toward a sustainable recovery.
Ethereum’s near-term price trajectory seems supported by strong on-chain fundamentals and growing institutional adoption. With multiple bullish catalysts aligning, investors could see ETH challenging key resistance levels soon.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
