Ether (ETH), the cryptocurrency that powers the world’s largest and most widely used smart-contract-enabled layer 1 blockchain Ethereum, has been nudging higher in recent trade and was last changing hands around 0.5% higher in the last 24 hours in the $1,610 area, now up close to 5% from earlier weekly lows in the $1,530s. Crypto markets have seen a broad recovery since jitters regarding FTX’s plans to sell $3.4 billion in digital assets weighed on sentiment earlier in the week. Digital asset investment firm Arca’s CIO Jeff Dorman was quoted in the crypto press on Tuesday as saying that the market reaction to potential FTX sales was an overreaction.