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Ethereum has struggled with the resistance at $4,000 over the last three years and has yet to make a definite break above this level. The constant rejection from here suggests that this is now the level to beat if the Ethereum price is to ever resume its campaign for new all-time highs from here. Given this, how the price reacts now to this level will determine whether there is a major crash coming or if bulls can continue their domination and trigger an altcoin season. $4,000 Is The Decision-Maker For Ethereum After multiple failed retests over the last year, the $4,000 has emerged as the undisputed psychological level for the Ethereum price. Crypto analyst The Alchemist Trader refers to this as a high-timeframe barrier due to these rejections and the major level to watch to determine the next direction for ETH. Related Reading: This Indicator Has Perfectly Called Bitcoin Cycle Tops, Here’s What It’s Saying Now In the analysis, Alchemist explains that Ethereum has now entered a decisive stage while testing the upper boundary of a long-standing range. This long-standing range is identified as the $1,300-$4,000 range, which has held for more than a year. Following the most recent failure to break out of $4,000, Ethereum has fallen back into the range and has now entered consolidation. Below $4,000, the analyst believes that trading Ethereum is filled with both opportunity and risk. This all depends on whether the altcoin breaks out or fails next, putting investors in a precarious position of picking whether to long or short the digital asset at this level. Since previous retests of the $4,000 have led to rejections and a push back toward the mid-range or lower levels, it is possible that this time follows the established trend. However, there is still a lot of bullish sentiment in the market, and Ethereum could ride this wave into another breakout from here. What Happens In A Break Or Rejection In the event of a breakout above the $4,000, the crypto analyst does see the Ethereum price reaching new yearly highs from here. The first major resistance after $4,000 would be the $4,500 level. Next up would then be the $5,000 psychological level, which would mean brand new all-time highs for the altcoin if it were to test this resistance. Related Reading: Ethereum Price To $20,000? ETH Is Mirroring Bitcoin’s Move From 2021 On the flip side, another total rejection of $4,000 could trigger a massive crash. The last rejection from this psychological resistance back in December 2024 led to a multi-month decline that saw the price crash more than 60% before finding a bottom four months later at around $1,500. In the latter scenario, the analyst expects the Ethereum price to continue to trade inside the established $1,300-$4,000 range. As such, Alchemist advises investors that “Until a decisive move occurs, traders should remain cautious and reactive rather than overly anticipatory.” Featured image from Dall.E, chart from TradingView.com

Crypto analyst Lourenço has predicted that the Ethereum price could rally to $9,000 in this market cycle. This comes as ETH eyes a breakout against its BTC pair, which could spark a massive run for the crypto and other altcoins.  Ethereum Price Eyes Rally To $9,000 This Cycle In an X post, Lourenço opined that the Ethereum price could rally to as high as $9,000 at some point in this market cycle. This came as he analyzed the weekly ETH chart. The analyst noted that, depending on how the trend on the upper side of the wedge is drawn, the altcoin may have already broken it with hard closes above.  Related Reading: Ethereum Price To $20,000? ETH Is Mirroring Bitcoin’s Move From 2021 Lourenço declared that the $4,000 level is an important one and that once it flips into support, there will be additional resistance between $4,700 and $5,000. However, the analyst believes that the Ethereum price is ultimately set to go and tag between $8,000 and $9,000. He also indicated that the risk-return ratio on ETH is very hard to ignore at the moment.  Crypto analyst Galaxy also echoed a similar bullish sentiment for the Ethereum price. In an X post, he said that there is a lot of potential upside for ETH on the BTC pair. The analyst noted that the Relative Strength Index (RSI) is still bottomed and that, from his perspective, the trend is just beginning.  His accompanying chart showed that the RSI isn’t in overbought levels despite the fact that the Ethereum price has rallied over 60% in the past month. Notably, ETH’s RSI had surged above 60 on previous highs, including when it reached its current ATH of $4,800 in 2021.  The Key Is For ETH To Break Above $4,000 In an X post, crypto analyst Ted revealed that the key is for the Ethereum price to break above the $4,000 level. He noted that since the 2021 ATH, ETH hasn’t been able to reclaim the $4,000 level. However, if that happens this time around, he declared that the ETH pump will be “unstoppable.” Related Reading: Crypto Founder Reveals What Will Drive Ethereum Price To $10,000 His accompanying chart showed that the Ethereum price could rally to $5,200 in the short term. This will mark a new all-time high for the altcoin. Crypto analyst Merlijn also hammered on the $4,000 resistance. He noted that this has been the ceiling for ETH since 2021, and it has been rejected from this level seven times.  However, the Ethereum price is again looking to break above this level. Merlijn remarked that this resistance isn’t just another resistance but the “gate to price discovery.” His accompanying chart showed that ETH could reach $11,000 between now and 2026 if it breaks this resistance level.  At the time of writing, the Ethereum price is trading at around $3,800, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com

The Ethereum price may be setting the stage for a historic breakout, as a new technical analysis suggests that ETH is closely mirroring the Bitcoin (BTC) price action from 2020 to 2021. With Ethereum currently consolidating beneath a long-term downtrend line and approaching critical resistance, a crypto analyst eyes a potential move to $20,000 if the historic pattern continues to play out.  Ethereum Price Mirrors Bitcoin’s Historic 2021 Pattern According to a new analysis by crypto market expert Ted Pillows, Ethereum’s current price structure is beginning to reflect a striking resemblance to Bitcoin’s breakout phase in late 2020. The analyst’s chart shows ETH following a nearly identical pattern of accumulation, re-accumulation, and compression within a descending triangle fractal that Bitcoin displayed before its parabolic bull run in 2021.  Related Reading: Billionaire Mike Novogratz Says Ethereum Will Enter Price Discovery If It Takes Out This Level At the time, Bitcoin had surged from a whopping $9,550 to roughly $64,000, marking a significant price increase of 570.37%. Just like BTC during the COVID pandemic shakeout, Pillow’s analysis shows that ETH has now emerged from a prolonged consolidation phase and is testing the downtrend resistance line that has capped its highs since the 2021 peak. If Ethereum breaks through its diagonal resistance, the analyst’s chart indicates that a vertical surge toward $29,500 may become technically viable. This would represent a significant increase of approximately 672% from the cryptocurrency’s current price of $3,820.   Notably, the path to this bold target mirrors Bitcoin’s trajectory after it broke out of its long-term downtrend, triggering a rapid and exponential move. The chart also illustrates a potential breakout zone that aligns with the timing of the previous cycle’s price expansion—indicating that Ethereum could be preparing for its most powerful price rally yet.   While the trajectory of Pillows’ arrow on the chart targets a possible surge toward $29,500, the top of the green shaded zone suggests Ethereum could reach a peak above $58,500. Such a bold move would mark a historic breakout, representing a surge of roughly 1,432% and placing ETH at nearly half of Bitcoin’s price of $118,940 as of writing.  Analyst Sets $5,000 As ETH’s Minimum Target Due to Ethereum’s bullish run lately, a few analysts in the crypto community have forecasted a potential rally toward the $5,000 mark—a move that would set a new all-time high for the leading altcoin. However, while many consider a surge to $5,000 a major milestone, Pillows views this target as merely a baseline.  Related Reading: This Ethereum Descending Broadening Wedge Pattern Looks Similar To 2019-2020, Here’s What Happened Last Time He has set $5,000 as the minimum target for his outlook, emphasizing his firm conviction in ETH’s bullish potential. On the chart, Ethereum’s recent consolidation is marked as a re-accumulation zone, setting the foundation for a significant rally. With a breakout from its long-term resistance in sight, Pillows’ analysis suggests that Ethereum could experience an extended bull phase with limited overhead resistance. Featured image from Getty Images, chart from Tradingview.com

Despite what is akin to a bull market with the Bitcoin price hitting multiple new all-time highs, the Ethereum price continues to hit major resistances in its campaign for new highs. The most recent is the resistance push at the $3,800, which perfectly aligns with the 4-year resistance line that has kept the leading altcoin by market cap from hitting new all-time highs. However, as Ethereum once again gears up for a retest, this time could be the chart that signals the breakout. Ethereum On The Verge Of Breakout Crypto analyst MMCrypto highlighted a possible breakout on the Ethereum price chart after the altcoin moved back toward a 4-year resistance trendline. This trendline had begun back in 2021 when the Ethereum price had hit its $4,800 all-time high, and since then, it has become the resistant trendline to beat for the ETH price to rally to new highs. Related Reading: Dormant Whale Sells $80,000 BTC, But Bitcoin Bulls Still In Control Over the last four years, this resistance trendline has held firmly, beating the Ethereum price back down from the $4,000 level. This has prevented a rally toward its $4,800 and made the $5,000 expected target push even farther away. But now, there could be another opportunity for Ethereum to turn the tide and break this resistance once and for all. Currently, the ETH price is still trending below $4,000, suggesting that the bears are still holding the resistance line. With the price trading below this resistance, MMCrypto points out that ETH has now been underperforming for four years. Given this, a large number of investors have lost money on their investments or haven’t seen a profit. The major target now is for the resistance to be broken. The crypto analyst explains that once this happens, then the Ethereum price could see a monumental pump from here. This pump, he explains, will be fueled by investors who have yet to realize any profit on their ETH holdings over the last four years. Related Reading: XRP Bullish Cross Playing Out Again: $9 Or $24 Next? With the expectation that the resistance trendline will be broken, the analyst urges investors to be patient. He points out that once the pump begins, those who were patient will be the ones to reap the profits of this ETH price action. Additionally, Ethereum will not be the only altcoin to benefit from a pump. Previous altcoin seasons have been sparked by movements in the Ethereum price, and if ETH is able to break toward a new all-time high, then the altcoin market is expected to follow suit. “The Ethereum Pump if & when it happens, will have a broad influence on the whole Crypto Space & take many Altcoins with it! Be ready, be prepared,” the analyst said in closing. Featured image from Dall.E, chart from TradingView.com

Ethereum is steadily gaining ground as Bitcoin’s dominance continues to decline, signaling a quiet shift in market power. As ETH captures a larger share of the crypto landscape, key support and resistance levels are now in focus, pointing to potential for further upside. Ethereum Captures Larger Market Slice as BTC Weakens In a recent update on X, The Boss pointed out that Ethereum’s dominance in the crypto market is steadily increasing, aligning with previous expectations. As Bitcoin dominance begins to slip, Ethereum is gaining momentum, gradually capturing a larger share of the total market capitalization. This shift highlights the growing confidence in Ethereum’s relative strength compared to Bitcoin under current market conditions. Related Reading: Billionaire Mike Novogratz Says Ethereum Will Enter Price Discovery If It Takes Out This Level The Boss also emphasized the technical significance of a green line marked on the dominance chart, identifying it as a key support zone. As long as Ethereum dominance remains above this level, the bullish outlook remains intact. This support has previously acted as a reliable floor during past consolidations, and holding above it could provide the foundation for further gains in dominance. Attention is now turning to potential resistance zones, which The Boss illustrated using yellow lines derived from Fibonacci retracement levels. These levels represent likely areas where ETH dominance could face selling pressure or hesitation. However, surpassing them could indicate further strengthening of Ethereum’s position in the market. Overall, The Boss’s analysis suggests that the decline in Bitcoin dominance may be fueling Ethereum’s rise, and the technical setup remains favorable for ETH as long as it stays above the highlighted support.  ETH Eyes Key Resistance Zone At $3,900 Within Rising Channel Thomas Anderson recently shared his analysis of the ETHUSD H1 chart, observing that Ethereum was trading at $3,851.25 and approaching a key resistance zone between $3,876 and $3,900. Price action is unfolding within an ascending channel, with the upper yellow line marking a critical resistance area.  Related Reading: Ethereum Could Shoot Above $4,000 This Week, Predicts Analyst He further noted that the 200-day moving average, represented by the red line on the chart, is offering dynamic support around the $2,900 level. This moving average has played a crucial role in sustaining the uptrend and remains an important level to monitor in case of a retracement.  The analyst highlighted that Ethereum is now testing the upper boundary of a larger ascending channel, with the $3,287.74 level acting as a solid support zone in the 4H context. Anderson emphasized that this level has served as a major floor during recent consolidations, indicating that any near-term pullback may stabilize there. While the trend remains bullish, ETH could face a temporary dip at current levels before a sustained breakout above the $3,900 area. Featured image from iStock, chart from Tradingview.com

Crypto analyst BATMAN has revealed that Ethereum is primed to make a parabolic run to a new all-time high (ATH) of $5,000. The analyst also mentioned the first resistance that ETH needs to break to reach this psychological level. Ethereum Ready To Break Out And Reach $5,000 In an X post, BATMAN noted that Ethereum is ready to break out of a massive consolidation and rally towards $5,000. He stated that the first resistance is between $4,000 and $4,200. Once that is done, there is no resistance until between $4,800 and $5,000, which could spark this rally to the $5,000 psychological level.  Related Reading: Crypto Founder Reveals What Will Drive Ethereum Price To $10,000 The analyst declared that Ethereum is still in bullish territory and outperforming Bitcoin. As such, he believes any dips from here could be strong buy zones. Indeed, ETH is currently outperforming BTC. The former is up over 61% in the last 30 days while the latter is up just 11% during this period.  It is also worth noting that Ethereum is already looking to reclaim the first resistance between $4,000 and $4,200. The largest altcoin by market just recently broke above $3,900 and is now looking to touch $4,000 for the first time since November last year. Crypto analyst Titan of Crypto also indicated that a parabolic move may be on the horizon for ETH.  In an X post, he stated that the ETH/BTC chart is heading to the reload zone, which could spark a massive breakout for Ethereum. His accompanying chart showed that the altcoin could rally to between $7,300 and $8,700 on this move. This suggests that a rally to $5,000, as predicted by BATMAN, is unlikely to signal the top for ETH in this market cycle.  ETH Dominance Also On The Rise In an X post, crypto analyst Rekt Capital revealed that Ethereum’s dominance is on the rise, increasing to around 12% for the first time in five years. He noted that the last time the ETH dominance reached 12% was exactly five years ago, in July 2020. With this latest increase, Rekt Capital stated that the altcoin’s dominance is now looking to reach as high as 14%.  Related Reading: This Ethereum Descending Broadening Wedge Pattern Looks Similar To 2019-2020, Here’s What Happened Last Time This development is significant as it could usher in altcoin season, led by Ethereum. Blockchain Center data shows that the altcoin season index has surged recently to 47, although it still needs to touch 75 for it to be considered altcoin season. Crypto analyst Mikybull Crypto believes this should happen soon, especially with a golden cross forming on the ETH/BTC chart.  At the time of writing, the Ethereum price is trading at around $3,900, up over 3% in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com

Ethereum has been gaining ground in recent times, especially among institutional investors, as they believe that the leading altcoin is set to outperform Bitcoin. This is evidenced by the large buys that have dominated ETH as Ethereum treasury companies become a major player in the space. Amid this, billionaire and CEO of Galaxy Digital Investments, Mike Novogratz, has revealed the important level for Ethereum to beat to enter price discovery. Ethereum Price Needs To Cross $4,000 În an interview with SquawkBox, Novogratz points to the recent strength of Ethereum amid rapid accumulation as a reason for it being a better bet than Bitcoin. The major reason outlined for why ETH was a better bet than BTC at this point is the fact that Ethereum treasury companies are now becoming a staple, with two ETH treasury companies, such as SharpLink and GameSquare Holdings, among others, already established and more on the way. Related Reading: XRP Price Showing Quiet Strength As Next Breakout Level Lies At $4.65 As these companies continue to accumulate ETH, the billionaire explains that with not much supply, the Ethereum price is likely to rise. He also brings up the fact that Ethereum has a very powerful narrative, and the market reaching record short levels has also aided its bullishness. Given these, Novogratz explained that the Ethereum price is at least destined to knock on the $4,000 level a few times. Also, once the altcoin is able to take out $4,000, then the billionaire believes that the ETH price will enter into price discovery, which could drive it higher. As Ethereum continues to look like the better bet, he also believes that the altcoin could end up outperforming the Bitcoin price over the next 3-6 months. This gives a short timeframe, especially as Bitcoin has already hit multiple new all-time highs over the past year, and Ethereum is yet to beat its highs from 2021. ETH Is Already Outperforming Bitcoin So far, in the month of July, the Ethereum price has greatly outperformed that of Bitcoin in terms of gains, lending credence to Novogratz’s expectations that the altcoin will outperform the pioneer cryptocurrency. According to data from CryptoRank, ETH is up more than 45% this month already compared to the less than 8% on record for Bitcoin. Related Reading: This Ethereum Descending Broadening Wedge Pattern Looks Similar To 2019-2020, Here’s What Happened Last Time Over the last 90 days, as well, the Ethereum price has doubled to put in more than 100% in gains. Meanwhile, Bitcoin’s gains still sit just above 22% for the same time period. Nevertheless, Bitcoin continues to dominate the market, with BTC dominance sitting above 61% and holding altcoin season at bay. Featured image from Dall.E, chart from TradingView.com

BitMEX co-founder and crypto investor, Arthur Hayes, has outlined the key catalysts that could drive the Ethereum price to a $10,000 all-time high by year-end. In a detailed market analysis, Hayes explains how expanding US credit policies, growing institutional interests, and a shift toward wartime economic strategies could create the ideal conditions for a major ETH price rally.  Ethereum Price Set To Hit $10,000 By Year End On July 23, Hayes published an in-depth report on Substack, analyzing geopolitical trends and how they could create the ideal conditions for a major Ethereum price surge. The crypto founder has set a bold target of $10,000 for ETH by the end of 2025, attributing the future rally to macroeconomic shifts and increasing institutional appetite.  Related Reading: This Ethereum Descending Broadening Wedge Pattern Looks Similar To 2019-2020, Here’s What Happened Last Time Hayes believes that as the US leans further into wartime economic policies under President Donald Trump’s reign, a wave of credit expansion could be unleashed—fueling “asset bubbles,” particularly in crypto. According to the BitMEX co-founder, Ethereum could benefit most from this environment.  While Bitcoin remains the crypto reserve asset, Hayes notes that ETH has been largely overlooked since Solana’s explosive rebound post-FTX. However, he asserts that the tides are turning, especially among Western institutional investors who are starting to favor Ethereum-based assets. The crypto founder pointed to growing confidence in Ethereum from financial influencers like Tom Lee and a renewed interest in DeFi ecosystems as early signs of a potential breakout.  Hayes’ venture capital firm, Maelstrom, is now also fully committed to ETH and the broader ERC-20 ecosystem. He has declared that the next ”Ether bull run” is imminent, forecasting a 176.3% rise from ETH’s current price of $3,619. Alongside his $10,000 Ethereum target, the crypto founder projected that Bitcoin could skyrocket to $250,000 before the end of the year.  ETH Rally Tied To US Economic And Wartime Developments In his report, Hayes seemingly connects Ethereum’s upside potential to a broader macroeconomic narrative rooted in fiscal policy and geopolitical conflict. He argues that the US is shifting toward a form of state-sponsored capitalism or economic fascism designed to fuel wartime production. Related Reading: Ethereum ATH Above $4,800? Here’s How High It Will Go If 2021 Repeats According to the crypto founder, this strategy encourages banks to lend freely to companies without government-guaranteed profits. He noted that when the fiat supply increases without a corresponding rise in raw materials or labor, inflation becomes unavoidable. To manage this, he suggests the government may need to blow bubbles in non-essential assets like crypto, to absorb excess credit without destabilizing essentials like food or housing.  Furthermore, Hayes believes that just as Ethereum stands to benefit from this environment, stablecoins may play a key role in building it. As the crypto market cap grows, so does the amount stored in stablecoins, most of which are reinvested into US Treasury bills. For instance, if the market cap of crypto hits $100 trillion by 2026, the BitMEX co-founder predicts that stablecoins could indirectly fund trillions in government debt, ultimately making crypto an integral player in sustaining wartime fiscal policies. Featured image from iStock, chart from Tradingview.com

Crypto analyst Crypto Bullet has alluded to a technical pattern for Ethereum, which mirrors its 2019/2020 price action. Based on the similarities, the analyst gave a breakdown of what to expect from ETH in the coming months.  Ethereum Shows Descending Broadening Pattern In an X post, Crypto Bullet stated that Ethereum has shown an impressive recovery and is now starting to resemble a Descending Broadening Wedge pattern. He further noted that this pattern is almost identical to the one which ETH had between 2019 and 2020. The analyst added that the picture looks very bullish right now. Between 2019 and 2020, when this pattern emerged, the altcoin rallied from around $180 to $700 in just six months.  Related Reading: Ethereum Maxi Compares Bitcoin To Outdated Landlines, Reveals Why ETH Is Better Further commenting on the current Ethereum price action, Crypto Bullet revealed that the altcoin is testing the resistance at around $3,700 for the third time. He believes that ETH will eventually break out from this range. However, the analyst warned that there may be a 10 to 15% pullback around that area before that.  Meanwhile, Crypto Bullet assured that Ethereum will rally hard once it breaks out from this formidable resistance. He predicts that this breakout will lead to a new all-time high (ATH) for ETH, meaning the altcoin is likely to reach $4,900 on the next uptrend. The analyst also stated that the cycle top target for ETH is between $8,000 and $10,000.  Crypto analyst Mikybull Crypto is also confident that Ethereum can reach $10,000 before this market cycle ends. In an X post, he stated that the euphoria stage will start when ETH breaks a new all-time high (ATH). He indicated that the break above ATH will spark a rally to between $7,000 and $10,000. Once that happens, the analyst believes that a massive bear market will ensue.  ETH Is Yet To Enter The Banana Zone In an X post, crypto analyst Ted stated that Ethereum is yet to enter the banana zone. He noted that right now, the altcoin is going through a correction after pulling a 70% rally from its April 2025 lows. The analyst further opined that there will be some sideways accumulation before ETH breaks above $4,100.  Related Reading: Ethereum’s Breakout Above The MA50 Suggests Further Upside, Here’s The Target However, once that happens, he predicts that Ethereum will record the “most violent rally.” His accompanying chart showed that ETH could rally to a new ATH of around $7,000 on the first leg up. Based on the chart, Ted also believes that the altcoin could reach $14,000, $41,000, and $92,000 at some point.  At the time of writing, the Ethereum price is trading at around $3,563, down over 4% in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com

After hitting above $3,800, the Ethereum price seems well on track for the next phase of the cycle. The ongoing trend has been closely mirroring what was seen back in 2016-2017 before the surge that sent the altcoin’s price to new all-time highs. This remains a major deal given that if the trend does play out similarly to what was seen in the 2017 cycle, then it means that the Ethereum price rally is only just beginning. Ethereum Price Mirrors Bullish 2017 Back in 2017, before the bull market, the Ethereum price had struggled to stay on track with the Bitcoin price. This resulted in a lag as the price kept taking a beating with each uptrend. In the end, the Ethereum price ended up ranging for a while, with two fakeouts before the price was able to eventually breakout. Related Reading: Analyst Predicts Explosive 126% Shiba Inu Rally After SHIB Surpasses Litecoin Market Cap Similarly, the Ethereum price has ranged for the last year, with multiple fakeouts that have already kept the price low. Just like 2017, again, a crash sent the altcoin’s price down by almost 50% to create what seemed to be the perfect bear trap, as illustrated in this chart by crypto analyst Merlijn The Trader on X (formerly Twitter). The analyst points out these similarities in the Ethereum chart, showing that the same range, fakeout, and breakout have now played out for the cryptocurrency just like they did in 2016-2017. Given this, it is likely that the next phase in the trend will also follow the 2017 playbook. After the bear trap and eventual breakout in 2017, the Ethereum price had rallied by 5,000%, going from under $8 to over $250 in less than one year. Applying a similar breakout structure to Ethereum in 2025 would mean rising as high as $40,000. However, adjusting for how high the market cap currently is, a conservative target would mean that the Ethereum price is at least able to cross the $10,000 level, which would be only a 200% increase from its current level. Applying the same timeframe as in 2017 would mean that it could play out in the next six months. Related Reading: Analyst Drops ‘Realistic’ Price Predictions For Bitcoin, Ethereum, LINK, BNB, And Aptos Additionally, Ethereum now has something that it didn’t have back in 2017, and that is institutional backing. Presently, Ethereum is quickly becoming a favorite among institutional investors as ETH treasury companies have poured over $7 billion into the altcoin, according to data from The Block. In July 2025 alone, over $2 billion has flowed into Spot Ethereum ETFs, showing a ramp-up in institutionalized interest. Due to this rise in institutional investments, Merlijn The Trader has explained that institutions are now the ones behind the wheel with the same setup from 2017. This suggests higher liquidity as these major players are expected to drive and determine the ETH price this cycle. Featured image from Pixabay, chart from TradingView.com

Crypto analyst Xanrox has declared that the Ethereum price is on the brink of recording a parabolic rally to $5,500, a new all-time high (ATH). He also outlined factors that could drive the ETH rally to this target.  Ethereum Price Eyes Rally To $5,500 In The Short Term In a TradingView post, Xanrox predicted that the Ethereum price could rally to $5,500 in the short term because banks and states are buying. He also claimed that ETH is part of the USA crypto reserve, which is bullish for the altcoin. Meanwhile, the analyst also alluded to the Ethereum ETFs, as another factor that could drive demand for ETH.  Related Reading: Ethereum ATH Above $4,800? Here’s How High It Will Go If 2021 Repeats According to him, these institutional investors count ETH as the future of the crypto industry, which is a positive for the Ethereum price. These institutional investors have recently been warming up to ETH amid optimism that these funds could soon include a staking feature following the SEC’s approval. For the first time last week, these funds beat the Bitcoin ETFs in daily flows. Xanrox is also bullish on the Ethereum price from a technical analysis perspective. He noted that the altcoin is currently inside an ascending channel and breaking out with strong bullish momentum. The analyst also indicated that this was still a good time to buy ETH despite how much it has rallied this month, reaching a six-month high.  He claimed that the Ethereum price is somewhere in the middle. As such, those who buy now can get to sell when ETH reaches $5,500. Xanrox added that the $5,500 level is likely where the altcoin will consolidate for a long time before going higher. Interestingly, his accompanying chart showed that Ethereum could even rally to as high as $113,000 at some point.  A Demand Shock Is Coming For ETH In an X post, Bitwise Chief Investment Officer (CIO) Matt Hougan declared that a demand shock is coming for ETH, which is why he predicts that the Ethereum price will continue to rally. He noted that the altcoin is up over 50% in the past month and more than 150% since its lows in April, thanks to overwhelming demand from ETFs and corporate treasuries.  Related Reading: Ethereum Road To $10,000: Replay Of May’s Playbook Predicts Another Breakout Matt Hougan expects this demand to keep rising. He noted that ETF investors remain significantly underweight in terms of their ETH-to-BTC holdings ratio. The market expert further stated that although ETH’s market cap is about 19% the size of BTC, the Ethereum funds have amassed less than 12% of the assets that the Bitcoin ETFs hold. As such, he expects these investors to allocate more ETH, which is bullish for the Ethereum price.  The Bitwise CIO predicted that Ethereum ETFs and treasury companies could purchase up to $20 billion of ETH in the next year, equivalent to 5.33 million ETH at today’s prices. Meanwhile, the Ethereum network is expected to produce around 800,000 ETH over the same period, resulting in demand that is seven times greater than supply.  At the time of writing, the Ethereum price is trading at around $3,700, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com

Ethereum is approaching a pivotal juncture that could define its next major move. After weeks of impressive recovery, the chart is now flashing a familiar and powerful pattern — one that echoes the 2019–2020 breakout structure. With ETH pressing against a long-standing resistance line for the third time, a potential breakout could spark a massive rally. However, as momentum builds, a brief pullback may still be on the cards before the bulls take full control. Ethereum Poised For A Massive Move Crypto analyst CryptoBullet has spotted something interesting on Ethereum’s weekly chart. In his post, the expert notes that ETH is displaying a strong recovery and forming what appears to be a Descending Broadening Wedge, a rare yet historically bullish pattern. According to CryptoBullet, this setup bears a striking resemblance to what occurred between 2019 and 2020, just before Ethereum embarked on a massive run. Related Reading: Ethereum’s Breakout Above The MA50 Suggests Further Upside, Here’s The Target CryptoBullet emphasizes that the current price action is looking very bullish. He points out that Ethereum is now testing the wedge resistance for the third time, which typically increases the chances of a breakout.  Despite the optimism, CryptoBullet remains realistic about near-term volatility. He suggests that Ethereum could face a brief 10–15% pullback near the current resistance zone. Such a move would be healthy and could offer a final shakeout before liftoff. If ETH manages to break above this key resistance, CryptoBullet believes it would confirm the bullish pattern and open the door to a significant rally. In that scenario, he believes a new all-time high is almost inevitable. Short-Term Pullback Possible—But The Bigger Trend Remains Intact According to Andrew Crypto in a recent post, Ethereum has shown exceptional strength over the past few weeks, pushing through key levels and maintaining bullish momentum. While this kind of rally is exciting, markets rarely move up in a straight line without occasional corrections. Healthy trends often include pullbacks that allow momentum to reset and provide stronger support for the next leg up. Related Reading: Ethereum Price Breaks Through 50EMA After Rejection, ETH Dominance Sees Resurgence Andrew pointed out that ETH recently got rejected from a local supply zone, which could act as a short-term ceiling. However, this rejection toward the Yearly Open (YO) level, positioned at $3,335, would be a logical and healthy move. A retest of this level could serve as a launching pad for the next rally, especially if buyers step in with conviction.  While Andrew clarified that a correction isn’t guaranteed, he mentioned that he wouldn’t be surprised if it happens. In his view, such a dip shouldn’t be feared but rather seen as a potential opportunity, especially for those who missed out on the initial run. A well-timed pullback could restore balance to the chart and bolster Ethereum’s price. Featured image from Pixabay, chart from Tradingview.com

Arthur Hayes has never been shy about big numbers, but his latest essay, Time Signature, frames those targets inside a sweeping macro thesis: a wartime‑style US credit boom that—if it unfolds as he expects—could send Bitcoin and crypto markets into their largest bubble yet. Writing on 22 July, the BitMEX co‑founder argues that financial markets, like dancers, must keep time with the “kick drum” of credit creation. “If we are out of time, we lose money,” he warns, before identifying the beat he believes traders must follow today: US wartime industrial policy, or what he bluntly calls a shift toward economic “fascism.” Hayes centres his argument on the Pentagon’s newly announced deal with MP Materials, under which the US Defense Department will become the miner’s largest shareholder, guarantee a floor price for critical rare‑earth elements at twice China’s current market rate, and back a $1 billion bank loan to build a Nevada processing plant. The structure, he writes, is the template for “QE 4 Poor People,” a credit‑multiplier that expands the money supply without formal Congressional approval. Related Reading: Trump Shares Viral Bitcoin Breakdown — Here’s What He Posted In his schematic example a single commercial‑bank loan to MP Materials “creates $1,000 of new fiat wampum,” then ripples outward as wages, deposits and discounted Treasury borrowing. “The money multiplier is > 1, and this wartime production leads to an increase in economic activity, which is accounted for as ‘growth,’” Hayes observes. The result, he says, is inevitable inflation, yet also “government‑guaranteed profits” for banks and industry. Why Bitcoin And Crypto Is The Bubble Of Choice Hayes’ historical analogy is China’s 1990s–2020s property boom, where a five‑thousand‑percent expansion of M2 forced households into apartments, inflating land values and local‑government coffers. In the United States, he contends, the socially acceptable pressure valve will be digital assets. Two policy shifts underpin that call. First, retirement plans—an $8.7 trillion pool—may now allocate to crypto under a recent executive order. Second, the Trump campaign’s floated proposal to eliminate capital‑gains tax on digital assets could, in Hayes’ words, provide “insane war‑driven credit growth” with “no fucking taxes.” The broader attraction for politicians, he claims, is demographic: younger and more diverse investors own crypto in greater proportions than they own equities, so a bull market would “create a broader, more diverse set of people who are pleased with the ruling party’s economic platform.” Related Reading: Bitcoin Correlation To Altcoins Is Collapsing: A Warning Sign? Even a credit‑fuelled boom must find an audience for the mounting federal deficit. Hayes’ solution is the stablecoin sector, which already places most of its assets under custody in US Treasury bills. On-chain data, he notes, suggest that roughly nine cents of every new dollar in total crypto market value migrates into stablecoins. “Let’s assume that Trump propels the total crypto market cap to $100 trillion by 2028,” he writes; “that would create roughly $9 trillion in T‑bill purchasing power.” The mechanism recalls World War II financing, when the Treasury skewed issuance toward short‑term bills. In Hayes’ view, a self‑reinforcing loop emerges: wartime procurement fuels credit expansion, higher credit lifts crypto, larger crypto capitalization feeds stablecoin demand for T‑bills, and those purchases backstop further deficits. Trading Tactics—And The Year‑End Call Against that macro backdrop Hayes declares his investment vehicle, Maelstrom, “fully invested,” and explains why: “It’s pretty simple: Maelstrom is fully invested. Because we are degens, the shitcoin space offers amazing opportunities to outperform Bitcoin, the crypto reserve asset. […] Ether has been the most hated large-cap crypto. No more; the Western institutional investor class, whose chief cheerleader is Tom Lee, loves Ether. Buy first, ask questions later.” His numerical convictions are explicit: Bitcoin $250,000 and Ether $10,000 by 31 December 2025. The Western credit geyser is, he writes, “about to tear the market a new asshole.” Yet he repeatedly reminds readers that these are personal views, not investment advice. At press time, Bitcoin traded at $118,368. Featured image created with DALL.E, chart from TradingView.com

A sudden surge of institutional and corporate interest in Ethereum (ETH) is setting the stage for what Bitwise Asset Management’s chief investment officer Matt Hougan calls a “structural imbalance” between supply and demand—one that could propel prices well beyond the cryptocurrency’s already‑rapid ascent this year. In a memo circulated to clients on 22 July 2025, Hougan noted that Ether has climbed more than 65 percent in the past month and over 160 percent since April. The rally, he argues, is being driven not by sentiment alone but by a dramatic mismatch between the amount of Ether produced by the network and the quantities now being absorbed by exchange‑traded products (ETPs) and newly formed “ETH treasury” corporations. Ethereum Demand Shock Is Inevitable “Sometimes it really is that simple,” Hougan wrote, echoing his long‑standing thesis that, in the short run, asset prices are dictated primarily by flows. He drew a direct parallel to bitcoin’s explosive performance following the launch of U.S. spot bitcoin ETPs in January 2024, when “ETPs, corporations, and governments acquired more than 1.5 million bitcoin, while the Bitcoin blockchain produced just over 300,000.” Related Reading: Ethereum To $10,000? Analyst Says ETH Has To Break This Level The same dynamic, he contends, has finally taken hold in the Ether market—only more forcefully. Between 15 May and 20 July, spot Ether ETPs attracted more than $5 billion in net inflows, while a handful of publicly traded companies began stockpiling the token as a primary treasury asset. Among the most aggressive buyers: Bitmine Immersion Technologies (BMNR) accumulated 300,657 ETH—about $1.13 billion at current prices—and declared an ambition “of obtaining 5 percent of all ETH supply.” SharpLink Gaming (SBET) purchased 280,706 ETH ($1.06 billion) and disclosed plans to raise an additional $6 billion for future acquisitions. Bit Digital (BTBT) liquidated its bitcoin reserves after raising $170 million, redirecting the proceeds to more than 100,000 ETH (roughly $375 million). The Ether Machine (DYNX) outlined an initial public offering built around a $1.6 billion Ether treasury. In aggregate, ETPs and public companies bought approximately 2.83 million Ether—valued at north of $10 billion—during the nine‑week stretch. Over the same period, the Ethereum network created only about 88,000 ETH in new issuance, a ratio of demand to supply that Hougan calculates at 32 to 1. “No wonder the price of ETH has soared,” he observed. Whether that pressure continues is now the central question for investors. Hougan’s answer is an unequivocal yes. He points out that, even after the recent buying spree, Ether remains under‑owned relative to bitcoin in the ETP market: Ether funds control less than 12 percent of the assets held by bitcoin ETPs, despite ETH’s market capitalisation standing at roughly one‑fifth of BTC’s. “With all the excitement surrounding stablecoins and tokenization—which are primarily built on Ethereum—we think that will change,” he said, predicting billions of dollars in additional inflows “in the next few months.” Related Reading: Tom Lee Predicts $30,000 Per Ethereum As Treasury Frenzy Begins Meanwhile, the economics of listed “crypto treasury” firms appear to be self‑reinforcing. Shares of BMNR and SBET each trade at nearly twice the net value of the Ether they hold, a premium that incentivises management teams to issue equity, raise capital, and purchase still more ETH. “As long as that remains true, you can bet Wall Street firms will funnel money into more ETH purchases,” Hougan wrote. Bitwise projects that ETPs and treasury companies could absorb as much as $20 billion worth of Ether—around 5.33 million coins at present prices—over the coming year. The protocol’s issuance schedule, by contrast, is expected to add only about 800,000 ETH to circulation during the same window, implying a 7‑to‑1 imbalance. “That’s an even higher ratio than we’ve seen for Bitcoin since the spot ETPs launched,” Hougan said. Sceptics often argue that Ether’s long‑term supply is not capped in the way bitcoin’s is, and that its valuation hinges on factors beyond simple scarcity, such as network usage and transaction fees. Hougan does not dispute those points but insists they are secondary in the near term. “In the short term, the price of everything is set by supply and demand, and right now, there is more demand for ETH than supply,” he concluded. At press time, ETH traded at $3,703. Featured image created with DALL.E, chart from TradingView.com

Tom Lee devoted a six-post thread on X yesterday to a single proposition: if companies treat Ethereum (ETH) the way MicroStrategy treats bitcoin, the token price need only follow the mathematics of balance-sheet absorption to reach roughly $30,000. Lee’s argument rests on the mechanics he says really powered MicroStrategy’s spectacular equity rerating. From 11 August 2020 through today the software company’s shares climbed from $13 to about $455, a 35-fold gain. Only eleven of those thirty-five turns came from bitcoin’s own rise—roughly $11,000 to $118,000 in the same period—while twenty-five turns were created by “treasury strategy,” Lee wrote, meaning repeated financings that increased BTC per share even faster than the coin’s spot price. Ethereum To $30,000? Lee lists three moves that made the template work and, in his view, will be even more potent for ETH: issuing new stock above net-asset value to acquire more tokens, exploiting token volatility to lower borrowing costs, and relying on convertibles or preferred shares to cap dilution. Because ether’s realised volatility still exceeds bitcoin’s, Lee argues the cost of debt-and-option structures used to lever the treasury can be driven lower still, accelerating token accumulation. Related Reading: Ethereum Road To $10,000: Replay Of May’s Playbook Predicts Another Breakout In the same thread he reposted a chart showing that his own vehicle, BitMine Immersion Technologies, purchased four times more notional value in its first week of activity ($1 billion in ETH) than MicroStrategy bought in its first week of bitcoin purchases back in 2020. BitMine’s numbers illustrate the scale. A regulatory filing and follow-up press release on 17 July confirmed the company now holds 300,657 ETH—just over $1 billion at the time of publication—after closing a $250 million private placement on 8 July. Lee, who chairs BitMine’s board, said the firm is “well on our way to acquiring and staking five per cent of the overall ETH supply.” The second-largest treasurer is SharpLink Gaming, chaired by Ethereum co-founder Joseph Lubin. On 17 July the company updated its SEC prospectus to increase the stock it can sell from $1 billion to $6 billion, saying proceeds will fund additional ETH purchases. SharpLink had already raised $413 million between 7 and 11 July and disclosed 280,706 ETH on its books as of 13 July, all but a few hundred of which are staked for yield. Related Reading: Ethereum Could Shoot Above $4,000 This Week, Predicts Analyst Bit Digital rounds out the trio. After a $172 million underwritten share sale on 7 July and the liquidation of 280 bitcoin, the Nasdaq-listed miner reported a treasury of 100,603 ETH and declared its intention to become “the pre-eminent ETH holding company in the world,” according to chief executive Sam Tabar. Taken together, the three firms now control roughly 682,000 ETH, or about half a per cent of the circulating supply, and each has active authorisations to issue more equity or debt expressly for ether accumulation. Lee insists the reflexive loop this creates—higher share prices providing ever-cheaper capital that buys still more token per share—can compress the time it takes for price to capture scarcity. Crypto analyst DCInvestor, responding to Lee’s thread, distilled the mathematics into a range: “Tom Lee basically calling for like $30-80K ETH. And some of you think we are gonna stop $1-2K after last cycle’s all-time high.” Ether changes hands today near $3,600. An eight-fold move to $30,000 would merely replicate the multiple that bitcoin logged between MicroStrategy’s first treasury purchase and its 2021 peak. The difference, Lee argues, is that MicroStrategy spent four years proving the model; Ethereum treasuries have taken less than two months to raise their first few billion dollars. Featured image created with DALL.E, chart from TradingView.com

Ethereum (ETH) has decisively broken above a resistance level, the 50-day Exponential Moving Average (EMA50), igniting renewed bullish momentum across the market. This breakout marks a significant shift in market trend, opening the door for a potential rally toward higher targets around the $4,000 level. Ethereum Targets $4,000 After EMA50 Breakout The Ethereum price has delivered an explosive rally after its recent breakout above the EMA50 barrier. Given this development, crypto analyst Doctor Profit has forecasted on the X social media that ETH is gearing up for a massive surge toward $4,000.  Related Reading: Ethereum Shorts Reach Record Levels, How To Stay Positioned For A Breakout Sharing a detailed chart analysis, Doctor Profit disclosed that Ethereum was finally able to close above the key moving average after weeks of resistance and failed attempts to flip it into support—a struggle clearly shown by the multiple rejection wicks marked by the green arrows.   Notably, Ethereum’s breakout has triggered a strong continuation move, with its price surging over 28.17% in just one week, climbing from around $2,500 to a high near $3,226, at the time of the analysis. This price action marks a significant shift in momentum, indicating that the bulls may have regained control on the higher time frame.  According to Doctor Profit, Ethereum’s current technical structure suggests that further upside could follow its EMA50 breach. The clean break and hold above the moving average have invalidated previous bearish pressure zones and opened a path toward potentially higher price targets.  Based on historical price behavior after similar breakouts, the analyst expects Ethereum to rally toward $4,000 in the coming weeks. Such a move would reflect a notable 9.64% increase from its current price of approximately $3,648.  In his post, Doctor Profit noted that ETH is showing no immediate signs of weakness on the chart, with price holding strong above prior resistance levels. As a result, the recent breakout appears to have solidified as a new foundation for the next leg up. ETH Upside Targets Extend Beyond $4,000 Crypto market expert Henry stated in a recent analysis on X that Ethereum has staged a comeback, surging past $3,400 for the first time in five months and breaking out of a textbook Bull Flag pattern. This bullish momentum follows weeks of price consolidation and a key fakeout, which appears to have successfully flushed out prior downside liquidity.  Related Reading: Ethereum Forms ‘Pure Cup And Handle’ Pattern After Hitting $3,000, Analysts Set New Targets After forming two distinct consolidation zones around the $1,800-$2,000 and $2,800-$3,000 levels, ETH faked a breakdown before launching into a sharp rally. The cryptocurrency’s chart structure now shows strong bullish continuation signals, with the current trend pointing toward an immediate target of $4,000. Henry has forecasted that Ethereum’s upside targets extend far beyond $4,000, with potential milestones projected at $6,000 and even $10,000. While the analyst remains confident in ETH’s ability to reach these bullish targets, he acknowledges that a short-term correction to around $2,800 is possible before the price rally. Featured image from Pixabay, chart from Tradingview.com

After beating the resistance mounted at the $3,000 by bears for months now, the Ethereum price looks primed for a further breakout. Expectations currently are that the Ethereum price rally will trigger the next altcoin season and possibly lead to a push toward new all-time highs for ETH. One analyst in particular has compared this breakout to what was seen back in May 2025, something that could mean that higher levels are in store for the altcoin. Ethereum Is Mirroring Its Move From May May 2025 has remained one of the most bullish for the Ethereum price so far this year, rallying by more than 40% in a 30-day period. The price had gone from a low of around $1,770 to a high of $2,650 before retracing. But the most important thing was the trend and how the price moved before finally reaching its high. There was an initial surge, then some sideways movement, before the final upsurge to $2,600, and then the eventual top. Related Reading: Bitcoin Dominance Just Got Rejected From TSDT Resistance That Triggered Last Altcoin Season — Details According to crypto analyst CryptosBatman on the social media platform X (formerly Twitter), the Ethereum price is once again mirroring this price movement that led to its 40% surge. The post highlights the fact that Ethereum has already seen an initial breakout and has begun to move sideways. However, this sideways move is not expected to last long and is actually part of the overall move. As the crypto analyst explained, the same triangle pattern that formed in May 2025 is now forming after the Ethereum price crossed the $3,000 range. Hence, the sideways movement is expected as investors take profit. Once the sideways accumulation is done and the triangle pattern is broken, then Ethereum is expected to begin rallying once again. The next target from here is above $3,600. Factors Driving The ETH Bullish Momentum Other than the fact that the Ethereum price has formed a similar triangle pattern to what was seen back in May, there are also notable developments in terms of accumulation that are also driving the price. For one, Spot Ethereum ETF inflows have continued to ramp up. Related Reading: XRP Becomes Top 3 Crypto After ProShares ETF Approval, Can It Flip ETH? Data from the Farside website shows that Ethereum ETFs have recorded positive net flows for almost two weeks straight now. The likes of BlackRock and Fidelity are leading the charge with tens of thousands of ETH being bought up daily. Ethereum treasury companies are now the rave of the moment as the likes of SharpLink and BitMine begin accumulating hundreds of millions of dollars in ETH. This rise in institutional adoption has become one of the major pushes for Ethereum as investors clamor for new highs. Featured image from Dall.E, chart from TradingView.com

Daniel Yan, the founder and CIO of Kryptanium Capital, a managing partner at Matrixport Ventures, and previously an executive at Bitmain and Merrill Lynch, writes today via X: “Everyone is comparing SBET to MSTR and thus concludes super-bullishly for both ETH and SBET. Together with the ETF massive flow, the logic seems impeccable… I think SBET differs massively from MSTR on two fronts… All the above point to a maximization of short-term interest.” The comparison of SharpLink Gaming (SBET) to MicroStrategy (MSTR) has become a fixture of crypto-equity chatter as Ether rallies to 16-month highs on the back of record US spot-ETF inflows. But in a post published this morning, venture investor Daniel Yan argues that the two “proxy” trades share less DNA than the market assumes. SBET Isn’t MicroStrategy—What It Means For Ethereum Price SharpLink’s metamorphosis from an i-gaming software vendor into the world’s largest corporate Ether holder has been dizzyingly fast. Since the firm announced its treasury pivot on 2 June, it has amassed 280,706 ETH (≈ $925 million) and staked nearly all of it, earning 415 ETH in rewards. To fund the spree, SharpLink sold 24.6 million shares for $413 million via an at-the-market (ATM) facility between 7 and 11 July. The company still has $257 million of authorised capital it has yet to commit to the market. Related Reading: Ethereum Could Shoot Above $4,000 This Week, Predicts Analyst Management insists dilution is offset by growing “ETH Concentration” (ETH ÷ 1,000 assumed diluted shares), which has risen from 2.00 to 2.46 ETH in just five weeks. Nevertheless, Yan warns that the very mechanism powering SharpLink’s accumulation—constant equity issuance—is also a pressure point: “This method creates a massive dilution effect on the ETH-per-share metric, which makes SBET price more vulnerable to negative shocks.” MicroStrategy’s Bitcoin strategy is held together by cheap, long-dated leverage. Since mid-2020 the firm has floated $8.2 billion of convertible notes—all funnelled into BTC—and only secondarily tapped its own ATM shelf. Because converts embed an equity option, they dilute only if MSTR’s share price leaps, effectively synchronising new issuance with bullish sentiment. Yan calls this a “flywheel” that SBET lacks. Indeed, five of MicroStrategy’s six convert issues are already deep in the money as MSTR flirts with all-time highs, turning the debt into quasi-equity on highly favourable terms. By contrast, SharpLink relies almost exclusively on equity sales; every fresh tranche increases the denominator immediately, regardless of where SBET trades. Yan also highlights governance asymmetry: SharpLink was recapitalised by “one of the largest consortium of ETH holders,” whose own SBET shares unlock in roughly five months. He frames the arrangement as a “multi-party prisoner’s dilemma,” implying insiders may be incentivised to monetise quickly rather than steward a decades-long treasury strategy. No comparable unlocking event hangs over MicroStrategy, whose executive chairman Michael Saylor owns the bulk of the voting stock and has repeatedly pledged never to sell. Related Reading: SharpLink Gaming Buys Another $19.5M In Ethereum: Institutional Accumulation Yan’s comments land just as Ether ETFs smash records. US spot funds absorbed $726.6 million in net inflows on Wednesday, their best day since launch, lifting cumulative holdings above 5 million ETH. Bulls argue that such flows will continue to buoy both Ether and any equity that warehouses it. Even Yan concedes “there is merit in this for the short term.” But his analysis underscores that the path-dependency of SharpLink’s model—equity issuance first, crypto purchases later—carries different risks from MicroStrategy’s debt-driven lever. The key divergence is simple: MicroStrategy’s converts dilute only if the bet is already winning; SharpLink’s ATM dilutes so the bet can be placed. Yan is not forecasting an imminent crash—he explicitly disavows any short position in Ether—but he urges investors caught up in “the euphoric period” to scrutinise capital-structure mechanics. If SharpLink’s insiders do treat the company as a short-term vehicle and ETF momentum cools, the ATM-powered “flywheel” could spin the opposite way: more shares, lower ETH-per-share, weaker SBET. Conversely, if Ether keeps climbing and the firm times its issuance astutely, shareholders could still enjoy MicroStrategy-style convexity. The difference, as Yan makes clear, is that SharpLink’s leverage is worn on the cap table, not tucked inside a convertible note. At press time, ETH traded at $3,412. Featured image created with DALL.E, chart from TradingView.com

Ethereum is flashing signs of an aggressive upside move, with well-known crypto analyst Kaleo (@CryptoKaleo) forecasting what he described as a “God candle” that could propel ETH beyond the $4,000 mark within days. In a post on X, Kaleo wrote: “God candle to $4K+ this week… honestly though I wouldn’t be surprised if we see something like this play out after today’s news. Don’t let them shake you out if it happens anon. up only soon.” In Kaleo’s chart, the Ether–USDT pair is sketched inside an ascending wedge whose upper boundary has capped every rally for more than three months. That resistance line now sits near $3,000, while the lower boundary originates near $1,450 in early April and accelerates through $2,600 by late June. Ethereum Breakout Fuels $4,000 Hopes The pattern briefly failed in mid-June, when price sliced through support and bottomed near $2,100—an episode Kaleo tags “Breakdown.” Three week later the market closed decisively back above that very line, an event he annotates “Reclaim,” converting former support turned resistance back into a springboard. Related Reading: Ethereum Shorts Reach Record Levels, How To Stay Positioned For A Breakout Candles since the reclaim have marched steadily higher, compressing volatility against the wedge’s apex until earlier this week when price punched through the ceiling at roughly $3,030. At the moment the screenshot was taken the pair traded near $3,041, and a hand-drawn white projection—labelled “Send”—plots a near-vertical advance that crests just above $4,000. The projection takes its height from the widest section of the wedge: the distance between the early-May trough and the mid-May swing high measures a little over $1,000; adding that amplitude to the breakout point delivers a classical measured-move objective in the low-$4,000s, matching Kaleo’s target. Related Reading: SharpLink Gaming Buys $73M in Ethereum – Smart Money Loads the Dip Also importantly, price has reclaimed the psychological $3,000 handle on convincing momentum, turning what had been the midpoint of the range into fresh support. Intermediate friction zones appear near $3,344–the 0.618 Fibonacci retracement also known as the “golden pocket– but the projection assumes these levels will offer little resistance should a “god candle” materialise. Kaleo’s prediction comes on the heels of a broader risk‑on backdrop: Bitcoin is accelerating towards its record high near $123,000 from last week as investors embrace a steadier macro environment. For Ether specifically, enthusiasm has been amplified by an SEC filing revealing that Peter Thiel’s Founders Fund accumulated a 9.1 percent stake in Bitmine  Immersion  Technologies, the Tom Lee‑chaired public company that has stockpiled more than 163,000 ETH—roughly half a billion dollars’ worth—as part of an aggressive Ethereum‑treasury strategy. The twin tailwinds of macro‑driven liquidity and high‑profile venture endorsement reinforce Kaleo’s thesis that a “god candle” toward the $4,000 mark could ignite before the week draws to a close. At press time, ETH traded at $3,225. Featured image created with DALL.E, cart from TradingView.com

After weeks of whisper-quiet consolidation, Ethereum has finally found its voice, roaring through a historically thin price zone with conviction. Backed by heavy volume and strong weekly closes, ETH’s breakout isn’t just technical. The silence is over, and the bulls are back in charge. Weekly Charts Tell The Story: ETH Strength vs. SOL Struggle Cazz, in a recent update on X, highlighted a significant development on the Ethereum weekly chart. The ETH/USD pair has broken out of an 8-week tight consolidation range. This breakout came on the back of high volume and strong weekly closes near the highs. Its rapid price movement through a historically thin zone further confirms that this is classic big money behavior. Related Reading: Ethereum Bulls Roar — $3K Beckons After 5% Spike The technical structure suggests Ethereum’s bullish momentum is not only gaining traction but also aligning with broader institutional interest. This kind of breakout pattern often indicates the start of a stronger trend, especially when accompanied by elevated volume and price conviction as seen on the chart. In contrast, the SOL/ETH chart is showing a completely different story. Cazz pointed out that the pair is breaking down below long-term support on the weekly timeframe. This signals relative weakness and may be a sign that market participants are shifting preference away from SOL in the short and medium term. While Solana could still deliver in isolated moves, the overall structure puts Ethereum as the stronger asset.  Cazz’s analysis suggests a shift in market leadership, with Ethereum gaining strength through “classic big money behavior” while Solana shows weakness. As ETH asserts itself as the institutional Layer 1, it could be entering a more dominant phase in the near term. ETH Shifts Gears: From Accumulation To Acceleration According to Cazz, after “more than a year of sideways action and base building,” which he notes “can be a sign of institutions building substantial positions,” ETH appears to be transitioning into a new leadership phase. This shift is backed by strong fundamentals (tokenized treasuries, RWAs, DeFi infra) and upcoming regulatory catalysts, all pointing toward Ethereum’s growing dominance. Related Reading: Ethereum Price Signals Strength — Bullish Pop May Be Just Ahead Cazz highlighted that “Ethereum memes are coming back to life on big volume,” signaling a strong return in community sentiment and trader interest. This renewed energy around Ethereum memes is happening as the price breaks through key levels and narratives regain traction in the market. In his observation, Cazz pointed out that some are already up 5-10x from local bottoms, showcasing just how quickly opportunities are unfolding in the Ethereum ecosystem. Such momentum suggests that the quiet accumulation phase may now be giving way to a more aggressive rally led by both fundamentals and capital rotation. Featured image from iStock, chart from Tradingview.com

Ethereum’s price action in the past seven days has seen it finally touch the $3,000 resistance zone for the first time in months. This interesting move comes amid growing institutional attention caused by the massive inflows into Spot Ethereum ETFs and Bitcoin’s recent climb to new all-time highs.  Ethereum has gained over 17% in the past seven days alone, reaching a new local high of $3,065. Interestingly, bullish technical structures are starting to emerge that could send the ETH price soaring toward new all-time highs. Two analysts have now spotted classic bullish setups, both hinting at a significant rally on the horizon. Cup And Handle Pattern Points To $4,200 If Breakout Holds The first analyst, known as @CryptosBatman on the social media platform X, shared a daily candlestick chart of Ethereum, where a pure ‘cup and handle’ pattern is visible over the past four months. The pattern, which started in early March, shows a rounded bottom that dipped to as low as $1,400, followed by a minor consolidation that formed the handle portion. Now, recent price action has caused ETH to break out of the neckline around $2,850. A technical projection from this neckline points to a 45% move to a price target just below $4,200. Related Reading: Ethereum Is Already Outperforming Bitcoin In July, Is Altcoin Season Here? According to this analyst, Ethereum’s breakout from the cup and handle pattern has formed in the middle of powerful fundamentals. Ethereum is now beginning to outperform Bitcoin in terms of short-term returns, and exchange reserves have dropped to an eight-year low. These are both fundamental signals of strong holding behavior and reduced sell-side pressure. With these metrics aligning with the technical breakout, @CryptosBatman believes Ethereum could be next in line to break its all-time high, possibly before the end of Q3. Weekly Chart Echoes Previous 42% Rally Another crypto market technician, CryptoBullet, expressed a similar sentiment on the social media platform X. This analyst referenced Ethereum’s weekly candlestick chart to support his outlook. He pointed to the formation of last week’s massive green breakout candle that has pushed the price above a major supply-resistance zone around $2,850.  This move, as shown in the chart below, mirrors the same structure that caused a 42% rally between February and March 2024, when ETH moved from the $2,900 level up to nearly $4,100 within a matter of weeks.  Related Reading: Ethereum To Outperform Bitcoin: Buy Before Mid-August, Analyst Warns If that price action is replicated in this current setup, Ethereum could again be on track to test $4,200 in the next three to four weeks. This puts the timeline of a $4,200 price target sometime in August 2025. The projection is shown with the vertical price range box drawn in the chart above, which maps a 42% upside from the breakout zone. Interestingly, this projection relies on the $2,800 price level, which previously acted as resistance, now flipping to support and preventing any sustained retracements below the $2,900 to $2,850 range. At the time of writing, Ethereum is trading at $2,980, having reached an intraday high of $3,074. Featured image from iStock, chart from Tradingview.com

The Ethereum price is once again gaining momentum and looks set to reach new highs. Crypto analyst Doctor Profit commented on how the altcoin has broken through a crucial moving average (MA). Meanwhile, ETH’s dominance is again on the rise.  Ethereum Price Breaks 50EMA On Weekly Chart In an X post, Doctor Profit stated that after 9 weeks of constant rejection at the EMA50 on the weekly chart, the Ethereum price has finally broken through. He claimed that it was a very good sign, as it suggests that ETH will reach higher targets in the coming weeks. The break above the 2,600 EMA50 level came as the broader crypto market rallied.  Related Reading: Ethereum Is Already Outperforming Bitcoin In July, Is Altcoin Season Here? This rally has been led by the Bitcoin price, which has reached new all-time highs (ATHs). Based on this, the Ethereum price is expected to also reach new highs, with the yearly high of $3,600 already in sight. A reclaim of this level could also pave the way for ETH to reclaim the psychological $4,000 level.  Meanwhile, crypto analyst Rekt Capital alluded to the rising dominance of the Ethereum price. He noted that this ETH dominance fractal will not be a copy-paste version of what happened between 2019 and 2020. However, the analyst claimed that the recent rise to 10% of the dominance level shows that Ethereum wants to become more market-dominant in the coming months.  BitMEX co-founder Arthur Hayes also believes that it is time for the Ethereum price to make its move. In an X post, he predicted that the altcoin could reach as high as $10,000 on this upward trend. He made this prediction while highlighting ETH’s chart against its BTC pair, suggesting that he also agrees that Ethereum’s dominance will rise in the coming months.  ETH’s Move To Trigger Altcoin Season In an X post, crypto analyst Mikybull Crypto stated that the Ethereum price is following the Wyckoff re-accumulation schematic. He further remarked that this massive move will trigger altcoin season after ETH reaches the “SOS” level around $3,000. His accompanying chart also showed that he expects Ethereum to reach as high as $3,200 in the short term.  Related Reading: Ethereum Price Targets $3,000 As Analyst Calls It A ‘Powder Keg’ In another X post, Mikybull Crypto alluded to the fact that Bitcoin’s dominance was dumping even as the BTC price rises. The analyst remarked that this development means something, hinting at a potential altcoin season on the horizon. This is bullish for the Ethereum price and other altcoins as they would outperform BTC during this period. It is worth mentioning that Mikybull Crypto has also predicted that ETH can reach $10,000 in this market cycle. At the time of writing, the Ethereum price is trading at around $2,988, up over 7% according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com

With one week already gone in the month of July, Ethereum has already begun to perform better than Bitcoin. While the gap is still very close, the outperformance of Ethereum over Bitcoin for only the second time this year could signal the entrance of better things for the altcoin market. If this continues, then an altcoin season might be on the horizon, as historical data shows it always begins with ETH outperforming BTC. So, let’s take a look at how both assets have been performing. Ethereum Barrels Ahead Of Bitcoin In July So far, in the month of July, the Ethereum price has been putting in more green candles, suggesting that bulls are making their move again. This has led to a small outperformance when compared to the Bitcoin price over this time period and could be the signal that altcoin season could be starting soon. Related Reading: Shiba Inu Price Could See 180% Explosion As This Indicator Flashes Bullish Divergence Data from the CryptoRank website shows that Ethereum is already up more than 2.50% since the start of July. Meanwhile, the Bitcoin price, while having seen some price increases, is up only 1.20% at the time of this writing. Thus, Ethereum is already performing better in the month of July. If this outperformance continues, then this would be only the second time that the Ethereum price will be doing better than the Bitcoin price so far in 2025. The first was back in May, when the Ethereum price rallied by over 41% in one month. This was major compared to Bitcoin’s 11.1% move in that month. However, while the Bitcoin rally in the month of May saw its price reach new all-time highs, Ethereum continues to struggle and remains below its $4,800 all-time high levels. Nevertheless, Ethereum’s rally did translate to bullishness for the altcoin market as the likes of PEPE and BONK rallied by more than 100% in response to this. Related Reading: Bitcoin To Repeat Parabolic Phase From 2017 And 2021? Here’s The Target Given that Ethereum has led the altcoin season in the past, its outperformance of Bitcoin at this level remains a positive. If it continues, then the altcoin market could start to see further increases in price. And if Ethereum rises another 41% from here, it would put it right on the path to $4,000. However, the month of July has not historically been the best month for Ethereum, with an average return of +5.13%. The whole of the third quarter of the year is also a mixed bag for the altcoin, with an equal number of green and red closes over the last decade. Thus, it remains to be seen how the ETH price will perform this quarter and if it can successfully outpace Bitcoin. Featured image from Dall.E, chart from TradingView.com

Bankr, in a recent update, pointed out that Ethereum is maintaining its upward momentum, backed by solid volume and a more favorable news environment. Although brief spikes in volatility may arise from macroeconomic events, Bankr believes the broader trend remains intact, as long as $2,510 holds. Ethereum Three-Day Price Trend Action Analyzing price action over the last 72 hours, Bankr noted a gently rising three-day trend. ETH started near $2,535, spiked to $2,598, and is now holding around $2,571 — a gain of roughly +1.5% for the period. The strongest push came Sunday night when ETH jumped $50 in one hour on the heaviest volume of the week. Related Reading: Ethereum Price Gathers Strength — Bulls Prepare for Upside Extension  Since then, the price has been consolidating in a tight $2,565–$2,585 range. On the candle side, higher lows are visible at $2,506, $2,512, $2,540, and $2,560, which shows buyers are stepping in a little earlier on each dip. Examining simple indicators, Bankr noted that the 20-hour moving average is approximately $2,565, with the price sitting just above it — a mildly positive sign. The 50-hour moving average is around $2,538 and still shows a sloping upward trend bias, while candles stay above $2,540. For momentum, a quick RSI-style check shows ETH touched overbought during the $2,598 spike, then cooled to neutral (50–55), which leaves room for another leg higher. As for key levels, Bankr outlined support at $2,550 (recent pivot), $2,510 (volume shelf), and $2,480 (weekly floor). On the resistance side, levels to watch include $2,590–$2,600 (last high) and $2,625 (March swing high). News Impact And Game Plan While Ethereum surges, a stronger-than-expected US jobs report typically acts as a headwind, since it implies the Fed will likely stay on hold. However, Bankr noted that crypto appears to be shrugging it off, thanks to a solid risk appetite that’s keeping momentum intact despite the macro pressure. Related Reading: Ethereum Indecision Masks A Bullish Setup – Here’s Why BTC Holds The Key On the political front, Bankr highlighted that next week’s US “Crypto Week” in Congress, combined with the administration’s pro-crypto stance, is lifting sentiment. Traders are now positioning ahead of potential developments, including clearer regulatory direction and ETH-related ETF chatter, both of which are helping boost confidence. In terms of sector dynamics, Bankr pointed to ongoing institutional accumulation from players like Metaplanet. Additionally, Bankr mentioned the recent USDC burn, which reflects responsible supply management and supports a more constructive backdrop for Ethereum. Outlining a flexible approach, Bankr points to the accumulation of dips, placing laddered limit buys at $2,555, $2,535, and $2,505 in case of a sharp shakeout. For a breakout trade, if ETH closes an hourly candle above $2,600, look to enter or add with a short-term target at $2,625–$2,650, and place a stop just under $2,580. As a protective exit, if ETH drifts below $2,510 on rising volume, momentum likely shifts, cutting exposure or using a stop around $2,495 can help limit drawdowns. For profit-taking, Bankr suggests trimming partial positions at $2,590 and again near $2,625, while leaving a runner in case a summer rally extends toward $2,700. Featured image from iStock, chart from Tradingview.com

The Ethereum price is currently locked in a narrow trading range of around $2,500, with momentum stalling despite the market’s bullish expectations. In light of this, a leading crypto analyst warns that current price action lacks the strength needed for a powerful upward move, urging traders to remain cautious. The analyst notes that without a clear breakout signal, entering the market now could expose investors to potential downside risks.  $2,800 Breakout Key For Ethereum Price Bull Rally A new analysis released on the X social media platform by market expert Daan Crypto Trades reveals that the Ethereum price has continued to trade within a well-defined price channel, currently holding above the $2,500 level at $2,527. The analyst emphasized that $2,800 remains the key breakout point that could trigger an Ethereum bull rally.  Related Reading: Crypto Analyst Predicts $10,000 ATH For Ethereum This Cycle, Here’s Why The market expert shared a chart highlighting that ETH remains confined between a “range low” of $2,313 and a high of $2,736, with multiple failed attempts to break out of this tight structure. The chart also shows that the mid-range level of around $2,519 has become a critical point of control.  Despite a brief rally that pushed the Ethereum price above $2,570 earlier this week, the cryptocurrency was still unable to sustain the upward move, slipping back below the $2,519 level before recovering to its current price of around $2,527. Daan Crypto Trades explains that the reason for Ethereum’s sluggish performance is its continued struggle to establish a solid footing in the $2,500 price region. Given the clear price imbalance in this zone, the analyst advises traders to exercise caution before entering the market.  Within this range, traders may encounter increased price volatility and potential fakeouts, both above and below the key support and resistance levels. Given the unstable market environment, Daan Crypto Trades suggests that until Ethereum breaks and holds above the $2,800 mark, traders are likely to face more sideways action and unpredictable price swings. A clean breakout above $2,800 could be the key to the start of a bullish trend, improving conditions for ETH and pushing it out of its present downtrend.  ETH Four-Year Consolidation Sees An End Market expert Mister Crypto has also shared insights on the current Ethereum price action. The analyst declared in a recent X post that ETH is on the verge of exiting a prolonged multi-year consolidation phase. His chart, which visualizes the cryptocurrency’s historical price movements, marks two key periods—a powerful 48x rally from 2018 through 2021, followed by a four-year horizontal consolidation range that spans from the 2021 top to the present day.   Related Reading: The Ethereum Waiting Game: Breakout To $2,800 Or Crash To $2,000? The analysis suggests that this extended period of range-bound movement could be a prelude to a potentially explosive bull trend, similar to the breakout seen in the past. In line with this, Mister Crypto marks a large open-ended “??X” label on his chart, suggesting the next breakout phase is imminent—though the precise magnitude is left speculative. Featured image from Getty Images, chart from Tradingview.com

Ethereum is still struggling below $3,000 despite the Bitcoin price sitting close to all-time highs. At the current levels, Ethereum continues to look incredibly bearish, with sell-offs dominating the market at this level. While piling shorts are pointing to a possible relief rally, there is also the possibility that the price will crash back down from here. Crypto analyst Weslad maps out the ETH price trajectory using the ABCDE wave structure, showing a possible crash below $2,000. The Bullish Ethereum Scenario Weslad points to the 2021 Ethereum peak when the price reached $4,851 as the point when a large-scale symmetrical pennant had formed for the digital asset. Interestingly, this has continued for multiple years already, and continues to play out even in 2025, four years later. So far, the analyst believes that the altcoin has been in a long-term accumulation phase in a defined corrective range. Related Reading: Altcoin Season Not Remotely Close, Bitcoin Dominance Still Too High: Market Expert Says Another important development is the formation of an ABCDE wave pattern. This pattern often predicts peaks and troughs, and depending on where the asset is in the pattern, it could point to a recovery or a crash. Presently, the crypto analyst puts the Ethereum price as being somewhere in a D wave, which is still bullish for the price. “Currently, price action is developing near point D, approaching the upper boundary of the pennant, a crucial area that could define the next directional move,” the analyst said. If this D wave plays out as expected, then the Ethereum price is expected to actually surge from here. The top of this pattern would put it above $3,500 before the move is completed. On the upper end of this is the formation of an Inverse Head and Shoulders Pattern. This pattern has seen the $2,855 acting as key resistance, beating the Ethereum price down multiple times this year. However, if a sustained break is achieved above this level, in conjunction with a breakout from Wave D, then it is possible that the price does rally to new all-time highs above $6,000. The Bearish Scenario While the formation of the ABCDE wave count points to some bullishness for the Ethereum price, there is still the possibility that the price could go in the opposite direction. For example, after the D wave is completed, comes the next wave in the sequence, which is the E wave, and this is a bearish wave. Related Reading: Altcoin Season Not Remotely Close, Bitcoin Dominance Still Too High: Market Expert Says As the crypto analyst explains, a temporary rejection at the neckline or pennant resistance would trigger an E wave retracement. In this case, the Ethereum price could see an over 30% crash, putting it back toward the $1,400-$1,800 level, where there is the most support. “Recent price behavior shows compressed volatility and increased buying interest on dips, reinforcing the possibility of an imminent directional breakout,” Weslad warned. “A decisive move outside this macro structure may mark the beginning of a new phase of long-term price expansion.” Featured image from Dall.E, chart from TradingView.com

The Ethereum price is flashing major upside signals as on-chain and market activity align toward a potential breakout to the $3,000 level. With crypto exchange balances falling to their lowest in nine years, stablecoin rails hitting record highs, and Spot Ethereum ETF inflows spiking last month, analysts now describe ETH as a “powder keg” primed for explosive movement.   Ethereum Price Eyes A $3,300 Breakout  The Ethereum price action is drawing attention as it continues to trade within a well-defined consolidation range, hovering near $2,555 at the time of writing. Based on a recently released technical analysis by crypto analyst Pentoshi on X social media, ETH could be on the verge of a significant move, with $3,300 marked as the next bullish target in the near term.  Related Reading: Crypto Analyst Predicts $10,000 ATH For Ethereum This Cycle, Here’s Why The crypto expert’s chart reveals that since early May 2025, Ethereum has been locked between two key levels—a support zone around $2,190 and resistance near $2,750. This range has remained intact for over eight weeks, signaling a period of accumulation and low volatility after the sharp decline experienced in the first quarter of the year.  Pentoshi has pinpointed $2,100 as the key downside risk in his bullish outlook, aligning closely with the lower support zone marked on the chart. While the next bullish extension and major resistance level has been identified as $3,300, the analyst expects Ethereum to make a move toward this price level within the next three months. He suggests that the current setup offers a favorable risk-reward profile, estimating a potential upside of roughly 3.2x compared to the downside risk.  Analyst Calls Ethereum A “Powder Keg” In other news, Eric Conner refers to Ethereum as a “powder keg,” highlighting a growing convergence of fundamental factors that are building up pressure and positioning the cryptocurrency for a potentially parabolic move in the market.  Related Reading: The Ethereum Waiting Game: Breakout To $2,800 Or Crash To $2,000? The analyst reports that Stablecoin activity on Ethereum has reached historic highs, with the total market capitalization of on-chain dollar-denominated assets hitting $251 billion—a record that also marks 21 consecutive months of uninterrupted growth. In parallel, Ethereum Spot ETFs have brought in $1.17 billion in net inflows during June alone, marking a major shift in investors’ appetite for ETH exposure.  Even more notable, the amount of Ethereum available for trading is now at its lowest level in nearly a decade, with only nine million ETH tokens on centralized crypto exchanges. This nine-year low in exchange balances signals a drying float, where any fresh demand has an outsized impact on price.  Conner has stated that large-scale crypto investors are beginning to take note. He reports that wallets holding between 1,000 and 10,000 ETH have accumulated more than 800,000 tokens daily during the peak week in June, marking the most aggressive absorption by whales since 2017.  Currently, price action mirrors tension, and the analyst warns that if Ethereum decisively clears the $2,600 resistance level, the combination of supply scarcity, ETF-driven demand, and explosive stablecoin usage could unleash a violent and rapid breakout. Featured image from iStock, chart from Tradingview.com

The ‘MicroStrategy’ of Ethereum has emerged, with Fundstrat’s Tom Lee and Joe Lubin making moves to advance their respective ETH treasuries. Tom Lee has emerged as the Chairman of BitMine, which will hold ETH, while Lubin is already the Chairman of SharpLink Gaming. Lee and Lubin Raise $675 Million for Ethereum Treasury Strategy Tom Lee and Joe Lubin have already advanced their plans to create the ‘MicroStrategy’ of Ethereum. On Tom Lee’s end, BitMine announced a $250 million private placement to raise capital for its Ethereum strategy. The Bitcoin mining company stated that the net proceeds of the offering will be used to acquire ETH, which will become the firm’s primary reserve asset.  Related Reading: Crypto Analyst Predicts $10,000 ATH For Ethereum This Cycle, Here’s Why BitMine plans to close this private placement on or about July 3, as it aims to become one of the largest publicly traded ETH holders with Tom Lee as the Chairman of the Board. On the other hand, SharpLink Gaming, with Joe Lubin’s help, is already the largest publicly traded Ethereum holder.  The company earlier launched its Ethereum treasury with a $425 million ETH purchase. SharpLink Gaming recently announced that it has increased its total ETH holdings to 198,167 ($475 million), further establishing its position as the ‘MicroStrategy’ of Ethereum. Between June 23 and 30, it acquired 9,468 ETH for $22.8 million at an average price of $2,411 per ETH.  During that same period, SharpLink Gaming also raised an additional $24.4 million through its At-The-Market (ATM) facility, selling $2.5 million shares. The company revealed that most of the proceeds will go toward further Ethereum acquisitions. As of June 30th, 100% of its ETH is staked, and the firm has earned 222 ETH in rewards since it began an ETH treasury company. Plans To Mirror Saylor’s Strategy In an X post, crypto commentator Eric Conner commented on how Ethereum is getting its own MicroStrategy era thanks to Lee and Lubin’s experiments. He highlighted BitMine’s proposed KPI of ‘ETH per share,’ which mirrors Saylor’s playbook, except that ETH earns yield in this instance through staking.  Related Reading: These Companies Are Following Saylor’s Strategy Into The Bitcoin Battleground With Over $2 Billion Slated To Buy BTC Conner further remarked that BitMine’s mining DNA lets it spin up validators and tap DeFi rails, turning a once-capital-intensive operation into a cash-flow engine secured by Ethereum. On the other hand, he noted that Joe Lubin and SharpLink Gaming’s move is bigger. SharpLink is already staking its ETH holdings and plans to explore other DeFi strategies. With this move, the crypto commentator declared that ETH becomes the reserve while yielding bankroll growth.  Lubin also recently raised the possibility of adding leverage to SharpLink Gaming’s Ethereum strategy, which will mirror Saylor’s strategy. He stated that they may do convertible equity and issue bonds at low rates, without putting the strategy at risk. At the time of writing, the Ethereum price is trading at around $2,444, down in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com

CRYPTOWZRD, in his latest update on X, highlighted Ethereum‘s indecisive close, suggesting the market is still searching for clear direction. Despite the uncertainty, he remains optimistic, noting that both Bitcoin and BTC dominance are showing strength that could benefit ETH in the near term, with $2,800 marked as the next major resistance. Mixed Signals Across Ethereum Key Timeframes In the post, CRYPTOWZRD pointed out a mixed close for Ethereum across key timeframes. While the monthly candle ended indecisively, signaling some short-term hesitation, the quarterly candle closed with strong bullish conviction. This, he suggests, sets the stage for more upward movement in the coming months as higher timeframes begin to assert dominance. Related Reading: Ethereum Gears Up For Breakout Above $2,800 – Bullish Momentum Builds He emphasized that today’s daily candles for both ETH and ETHBTC closed similarly indecisive, reflecting the current uncertainty in the market. However, with Bitcoin dominance starting to decline, he sees potential for ETHBTC to pick up strength, which could, in turn, fuel Ethereum’s next leg up. According to CRYPTOWZRD, ETHBTC is already showing signs of life, moving upward from a monthly double-bottom formation. He believes that clean, bullish candles forming from the 0.02270 BTC region would inject fresh momentum into Ethereum, helping to drive it toward the $2,800 resistance, a key level on the radar. He added that unless any negative fundamental developments occur, $2,400 remains Ethereum’s main daily support zone. As long as this holds, the broader structure remains intact, and the bullish thesis stays valid. Looking ahead, CRYPTOWZRD plans to keep his attention on the lower timeframes tomorrow. With volatility in play and setups brewing, he’ll be watching closely for quick scalp opportunities as Ethereum navigates through this critical range. Waiting On Chart Confirmation For The Next Intraday Move In his closing remarks, the analyst noted that Ethereum’s intraday chart experienced heightened volatility throughout the day. Despite the choppy price action, he sees clear setups forming that could present solid trading opportunities in the near term. Related Reading: Ethereum Analyst Eyes High Timeframe Close – Range Break Above $2,800 Could Be Violent A decisive breakout and close above the $2,550 resistance level would be a strong bullish signal, potentially opening the door for a long entry. On the flip side, if the price pulls back toward the $2,380 support and forms a bullish reversal pattern, that too could serve as a valid trigger for a long position. With these scenarios in mind, the analyst plans to closely monitor the intraday chart. His focus will be on spotting a clean and high-quality setup, one that aligns with price structure and momentum to time the next scalp trade effectively. Featured image from Getty Images, chart from Tradingview.com

Nearly three years after the Merge formally switched Ethereum to proof-of-stake on 15 September 2022, a publicly listed Bitcoin miner is adopting the network’s native token as its primary treasury asset. BitMine Immersion Technologies (NYSE American: BMNR) on 30 June priced a $250 million private placement of 55,555,556 new shares at $4.50 each and appointed Fundstrat co-founder Tom Lee as chairman. The company’s SEC filing and press release make the purpose explicit: all net proceeds will be used to acquire and stake ether, a move management likens to Michael Saylor’s now-legendary Bitcoin strategy at MicroStrategy. Tom Lee Goes Full MicroStrategy On Ethereum Speaking hours later on CNBC’s Squawk Box, Lee framed the pivot as a logical response to the explosive growth of stablecoins, most of which settle on Ethereum. “Stablecoins, which is the ChatGPT of crypto, because it’s viral adoption by consumers, businesses, banks and now even Visa,” he said, underscoring why a treasury heavy in ETH could become strategically indispensable. Ethereum’s proof-of-stake design means that large holders who validate blocks “secure the fidelity of stablecoins,” Lee continued. “When Goldman issues a stablecoin and JP Morgan [issues] it on Ethereum as a layer-one blockchain, they’re going to want to secure it by staking Ethereum.” Related Reading: Top Analyst Predicts Major Ethereum Rally Toward $4,000 As Shorts Hit All-Time Highs Lee tied the long-term upside to macro numbers the US Treasury itself has started to cite. Stablecoins today hover around $250 billion; Treasury Secretary Scott Bessent recently suggested the figure could hit $2 trillion—a potential ten-fold expansion that, in Lee’s words, would “insure dollar dominance.” Because Ethereum already underpins more than half of stable-value tokens, a multi-trillion-dollar stablecoin market would translate directly into rising transaction fees for the network and, by extension, higher staking rewards for BitMine’s planned validator clusters. The private-placement syndicate reads like a who’s-who roster from both TradFi and crypto: MOZAYYX led the round, joined by Founders Fund, Pantera, FalconX, Republic Digital, Kraken, Galaxy Digital, Digital Currency Group, Diametric Capital and Occam Crest. Closing is expected on or about 3 July, subject to NYSE American approval. BitMine, headquartered in Las Vegas, will immediately deploy the ETH position into staking, giving the miner a yield-bearing balance-sheet asset while reinforcing Ethereum’s security budget. “One of the key performance metrics for BitMine going forward is to increase the value of ETH held per share,” chief executive Jonathan Bates said in the statement. For investors, the comparison with MicroStrategy is unavoidable but imperfect. Saylor’s company amassed bitcoin under a proof-of-work regime that offers no native yield; BitMine’s ether can generate income through both staking rewards and potential capital-markets transactions collateralized by those staked coins. Related Reading: Strong Ethereum Accumulation Detected: LTH Buying Heavy During June Consolidation Yet both strategies share a central bet: that a scarce digital asset sitting at the core of global finance will appreciate faster than cash alternatives on a corporate balance sheet. Whether BitMine achieves MicroStrategy-level returns will depend on execution, regulatory clarity for staking, and—most of all—Ethereum’s price path. What is clear, however, is that corporate treasuries are beginning to see ether not merely as “gas” for decentralized applications but as a strategic reserve asset in its own right. From a market-structure vantage, the new treasury model could translate into meaningful price torque for Ether if it scales. MicroStrategy’s serial purchases have now absorbed nearly 600,000 BTC—around 2.8 percent of the 21 million-coin cap—and coincided with Bitcoin’s ascent from roughly $11,000 in August 2020, when the company made its first buy, to more than $107,000 today, a near-ten-fold move. BitMine’s opening salvo—$250 million, or about 100,000 ETH at current prices—represents barely 0.08 percent of Ethereum’s 122 million-coin supply, yet roughly 28 percent of that supply is already locked in staking contracts while net issuance has turned negative post-EIP-1559, shrinking the freely tradable float. If even a handful of additional balance sheets emulate this “ETH-as-reserve” playbook, the resulting demand shock could replicate the supply-squeeze dynamics that propelled Bitcoin into six-figure territory. At press time, Ether traded at $2,459. Featured image created with DALL.E, chart from TradingView.com