ethereum price jumped over 2% SharpLink Gaming Announces 465 Games Generated in Last 24 Hours $ETH In the past week’s staking rewards.
Following recent price increases, $ETH The psychological level is still below $3,000. Moreover, the price of the altcoin leader is still in the red by more than 1% on the long-term weekly time frame.
SharpLink staking rewards exceed 12,000 $ETH
According to SharpLink’s X post announcing the latest staking rewards, the company earned 12,079 staking rewards. $ETH Since launching Ethereum Treasury on June 2, 2025.
At current prices, the company’s staking rewards are worth more than $36 million.
SharpLink is also currently the second largest corporate holder. $ETHthere are 866,262 tokens on the balance sheet.
In a recent announcement regarding the latest staking rewards, the company’s stock price In line with the rise in Ethereum price, it rose 3% during today’s trading session.
$ETH Price is trying to overcome resistance, but is there a breakout load?
SharpLink announcement and $ETHThe rise comes as crypto prices try to escape a short-term negative channel.
daily chart $ETH/USDT (Source: TradingView)
Over the past week $ETH Pushed down by a descending channel.
However, this bearish trend could end soon. $ETH As of this writing, the price is trying to overcome technical resistance at $2,985.
Clearing this technical barrier could give the leading altcoin’s price room to rise to $3,357 within the next 48-72 hours if more buyers intervene. Conversely, a rejection from the $2,985 resistance could lead to a decline to the immediate support level at $2,777.
Looking at the technical indicators, it looks like a bullish scenario is likely to develop over the next few days. Specifically, both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are showing positive signs.
The MACD line is starting to rise towards the MACD signal line, which could be an early sign of what’s to come. $ETH‘s recent bearish trend is nearing an end. This is confirmed by whether the MACD line crosses the MACD signal line within the next 48 hours.
Meanwhile, the Relative Strength Index (RSI) is rising towards the Simple Moving Average (SMA) line. Traders typically view this as a sign of increasing buyer power, and this view is supported by the current upward slope of the RSI line.
Adding to the bullish outlook is a recent X post by pseudonymous trader and analyst KALEO, who said: $ETHThe price of is currently trading near the accumulation zone.
Technical conditions are good. there is quite a lot of space $ETHThe price of has risen before entering overbought territory and the RSI is currently below 50.
However, the trader $ETH The price is hovering around the aforementioned $2,985 resistance level, which also merges with the upper bound of the descending price channel.
