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ETH news update: Ether treasury purchases could trigger rally to $3K

The Cointelegraph ​

Cryptocoins News / The Cointelegraph ​ 159 Views

Ether price chases $3,000 as trading sentiment turns bullish amid multiple corporate ETH treasury announcements.

Key point:

An ETH treasury purchase by SharpLink Gaming boosted investor sentiment, clearing the path for a potential rally to $3,153.

Ether (ETH) price entered a strong uptrend this week, leading many analysts to predict a rally to $3,000 before the end of July. These traders cite an uptick in spot ETH ETF inflows and multiple corporate Ether treasury announcements as a primary factor in the recent bullish momentum.

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