Growing interest in Ether from companies planning to bolster their holdings of this cryptocurrency is leading to a rise in its price.
Corporate Ether Holdings
BitMine Immersion Technologies and Bit Digital recently announced plans to include Ether in their treasury strategy. Sports betting company SharpLink Gaming also increased its Ether holdings to 188,000 units, making a purchase of 12,207 Ether in the week ending June 20.
Current Ether Price Trends
Ether's price surged sharply on Wednesday, breaking above the moving averages, indicating strong buying at lower levels. If the price holds above the 50-day simple moving average ($2,529), the ETH/USDT pair could climb into the $2,738 to $2,879 range.
Ether Price Predictions
The next significant move is expected to occur on a breakout above $2,879 or below $2,111. If the $2,879 level is surpassed, the pair could rally to $3,400; conversely, a break below $2,111 could send the pair down to $1,800.
Currently, Ether is showing signs of strength amidst increasing interest from companies. Further developments in the cryptocurrency market could lead to significant price changes.
