The crypto market cap currently stands at $3.93 trillion, with Bitcoin holding steady above $118,000. Ethereum is trading at $3,557 and XRP at $3.43, both showing minimal movement in the day. In a major move, President Trump signed the GENIUS Act into law on July 18, creating the first clear U.S. framework for stablecoin regulation. …
As Ethereum trades near $3,580 on exchanges after a 20% weekly rally, the market enters a crucial week defined by high volatility and mixed signals. To gain deeper insight into the likely price path for ETH, I have analyzed predictions from four top AI models. Namely, ChatGPT, Gemini, Perplexity, and Grok. Each leverages real-time data, …
The on-chain analytics firm Glassnode has revealed an Ethereum indicator that reliably flagged the price bottom in advance of the recent rally. Ethereum NUPL Fell Into Capitulation Zone Earlier In a new post on X, Glassnode has talked about an Ethereum indicator from its joint report with cryptocurrency exchange Coinbase. The metric in question is the “Net Unrealized Profit/Loss,” which measures, as its name suggests, the net amount of profit or loss that the investors of the asset as a whole are holding right now. Related Reading: XRP MVRV Ratio Flashes Signal That Last Led To 630% Surge The metric works by going through the transaction history of each coin on the network to see what price it was last moved at. If this previous transfer value was more than the current spot price for any token, then that particular token is assumed be in a state of net unrealized loss. Similarly, a coin with a cost basis below the latest price is considered in profit. The NUPL sums up the degree of profit/loss involved in both cases and calculates the difference between them. When the value of the indicator is positive, it means the investors as a whole are sitting in a state of net unrealized profit. On the other hand, it being under the zero mark implies the dominance of loss in the market. Now, here is the chart shared by the analytics firm that shows the trend in the Bitcoin NUPL over the past few years: As is visible in the above graph, the Ethereum NUPL observed a significant decline earlier in the year when the asset’s price plummeted. In this plunge, the indicator went down to around -0.2, which suggests investors dipped into a net state of loss. Not just that, the level of relative unrealized loss present on the network was notable enough for the sentiment to be flagged as “capitulation” under Glassnode’s methodology. Related Reading: Bitcoin Sees Influx Of New Capital: First-Time Buyers Add 140,000 BTC Often, cryptocurrency markets move in the direction that the crowd least expects, so the presence of a high amount of loss can lead to a bottom. From the chart, this seems to be what occurred when the NUPL dropped into the capitulation zone. With the price surge that has followed since this low, sentiment among Ethereum investors has naturally marked an improvement. The NUPL may be to keep an eye on, however, as once the balance shifts overwhelmingly towards profit, another shift in the market could become probable: this one to a downtrend. ETH Price Ethereum has broken away from Bitcoin as its price has jumped by more than 20% over the past week, reaching the $3,600 level. Featured image from Dall-E, Glassnode.com, chart from TradingView.com
Ethereum has extended its upward momentum this week, climbing over 20% in the past seven days and pushing past $3,600 for the first time in months. As of the time of writing, ETH trades at $3,617, marking a 5.4% increase within the past 24 hours. This rally has been drawing attention from analysts who are examining whether the price movement is being driven by sustainable investor demand or short-term speculative activity. Related Reading: Ethereum Shorts Are Getting Crushed: Could ETH Be Eyeing a New All-Time High? Ethereum Futures Market Leads, But Spot Demand Lags Behind Data from on-chain analytics firm CryptoQuant suggests the recent uptrend in Ethereum’s price is primarily fueled by the derivatives market. Contributor Avocado Onchain noted that while ETH continues to move higher, the underlying source of momentum appears to be leverage-heavy futures positions rather than sustained buying in the spot market. This distinction raises questions about the durability of the current rally and whether follow-through demand from spot buyers will emerge. Avocado further highlighted in his QuickTake analysis titled “Ethereum’s Rally Driven by Futures Market — Will Spot Demand Follow?” that the Ethereum Futures Volume Bubble Map is signaling an overheated state in specific zones, indicated by surging volumes. This increase in futures volume, marked by yellow circles on the map, has coincided with ETH’s price gains, implying leveraged positions are largely responsible for the rise. In contrast, the spot market data shows relative stability, with no equivalent spike in volume, suggesting that buying pressure from traditional investors has yet to catch up. The analyst also pointed out that Ethereum’s Open Interest (OI) in futures has reached new all-time highs, which strengthens the idea that the current movement is speculative in nature. The question moving forward, according to Avocado, is whether momentum from the derivatives market will eventually be matched by genuine spot market demand. If such demand materializes, it could contribute to broader altcoin market activity, he added. Institutional Interest and ETF Inflows In a separate insight, another CryptoQuant analyst, Crypto Dan, noted increasing signs of institutional participation in Ethereum accumulation. According to his analysis, ETH is trading at a premium on Coinbase, a platform frequently used by US-based institutions and large investors, indicating heightened buying interest from whales. The premium, described as rare in recent times, aligns with a broader trend of capital inflows into Ethereum-focused spot ETFs, which have recently reached record daily highs. Dan stated that while current metrics do not indicate overheating, investors should remain aware of potential risks should the strong upward activity repeat in the second half of 2025. Related Reading: Ethereum Road To $10,000: Replay Of May’s Playbook Predicts Another Breakout For now, however, the combination of rising institutional demand and growing ETF allocations may provide structural support for Ethereum, especially if the spot market begins to reinforce the momentum sparked in the futures space. Featured image created with DALL-E, Chart from TradingView
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 has surged more than 70% since mid-June, marking one of its most impressive rallies of the year. The move has been driven by strong momentum, with bulls firmly in control as ETH recently reclaimed the critical $3,500 level. Notably, the uptrend has shown little to no retracement since the initial breakout, signaling sustained buying interest and confidence among investors. Related Reading: All 40K Remaining Bitcoin From The 80K Whale Just Moved: $4.75B In One Wallet Now One of the most striking developments supporting this move comes from CryptoQuant, which highlights the emergence of a significant premium on Ethereum traded through Coinbase. This is particularly noteworthy because Coinbase is a platform predominantly used by US institutions and high-net-worth individuals. The premium suggests aggressive spot buying by whales, indicating renewed institutional interest in Ethereum. This renewed demand comes as the broader crypto market sees clearer regulatory signals and increasing ETF flows into ETH-related products. As Ethereum continues to outperform and attract capital, traders are watching closely to see if this momentum will carry into a broader altcoin rally—or even signal the start of a long-awaited altseason. US Whales Lead the Charge as Ethereum Buying Activity Accelerates According to a recent report by CryptoQuant analyst Crypto Dan, Ethereum is seeing a notable increase in buying activity, particularly from US-based whales. The steady rise in accumulation, combined with a clear premium on Coinbase, suggests that high-net-worth players are positioning themselves ahead of further upside. Supporting this trend, daily inflows into Ethereum spot ETFs have surged to new all-time highs. This sharp spike reflects growing institutional confidence in ETH as a core digital asset, especially following recent regulatory clarity in the US. With Ethereum now trading above $3,600, demand continues to outpace supply across multiple channels. What makes this rally especially interesting is the current market environment. On-chain metrics show that Ethereum is not yet significantly overheated. Indicators such as NUPL (Net Unrealized Profit/Loss) suggest room for further expansion before excessive euphoria sets in. This creates favorable conditions for ETH to consolidate at higher levels before potentially breaking out again. However, the coming weeks will be crucial. If strong inflows and bullish momentum persist into late Q3 2025, analysts warn it could trigger signs of overheating. While we are not there yet, repeated vertical moves without retracement should prompt caution. Investors may need to reassess risk levels if the pattern continues. Related Reading: Altcoins Reclaim Key Technical Level – Can Momentum Sustain This Time? Ethereum Breaks Key Resistance With Strong Weekly Candle Ethereum is currently trading at $3,620 with two days left before the weekly candle closes, up more than 21% so far. This ongoing rally has pushed ETH firmly above the $2,852 resistance level — a crucial zone that capped price action for months. The move comes with high volume and follows a breakout above the 50-, 100-, and 200-week moving averages, now all reclaimed as support at $2,654, $2,664, and $2,430, respectively. With momentum accelerating and buyers clearly in control, market attention is shifting toward the next key resistance at $3,742, marked by the weekly wick high from December 2024. Related Reading: Bitcoin Retail Demand Rebounds – $0–$10K Transfer Volume Turns Positive Although the candle has not yet closed, its current size and structure highlight growing bullish strength. This surge builds on Ethereum’s 70% rally from mid-June, suggesting that an expansion phase may be underway. If ETH holds near or above current levels by Sunday, it would confirm one of the strongest weekly performances this year and potentially trigger further upside. Until then, traders are watching closely to assess whether this breakout can sustain its pace or if a near-term pullback is due after such an aggressive move. Featured image from Dall-E, chart from TradingView
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
Ethereum (ETH) has been on a strong rally this July, making it one of the best-performing months for the world’s second-largest cryptocurrency. After recently touching the $3,500 level, many investors are now wondering: how high can ETH actually go in this cycle? Looking at Ethereum’s chart, the last all-time high was set back in November …
Bit Digital has acquired yet another 19,683 Ethereum (ETH) using proceeds from its recent $67.3 million direct offering to institutional investors. This brings the Company’s total ETH holdings to around 120,306. Earlier this month, Bit Digital accumulated over 100,000 ETH.Today, Bit Digital has acquired an additional ~19,683 ETH, bringing our total ETH balance to 120,306.There …
Ethereum is trading at a pivotal level after a strong bullish rally pushed its price above the $3,650 mark. This surge has positioned ETH as one of the strongest performers in the current crypto market cycle, igniting optimism among investors and analysts alike. With bulls in control, many are pointing to growing momentum across altcoins as a sign that the long-anticipated altseason may finally be underway. Related Reading: All 40K Remaining Bitcoin From The 80K Whale Just Moved: $4.75B In One Wallet Now Adding to this narrative, Ethereum has now entered the list of the top 30 global assets by market capitalization, reaching a $416.17 billion market cap. This achievement reflects not only price appreciation but also a rising wave of global recognition and adoption. Institutional demand is climbing, spot ETF inflows are surging, and technical indicators remain firmly in bullish territory. As Bitcoin consolidates after reaching new all-time highs, Ethereum’s relative strength is drawing attention. The coming days will be key in confirming whether ETH can sustain this momentum and push toward new highs, or if it will face resistance at this psychological level. For now, market sentiment remains optimistic, and Ethereum’s positioning among the world’s top assets hints at a maturing digital economy with ETH at its center. Global Adoption Increases For Ethereum Ethereum has officially become the 26th most valuable asset globally by market capitalization, according to data shared by top analyst Ted Pillows. With a market cap of over $416 billion, Ethereum now sits among the world’s financial giants—an impressive milestone that underscores the asset’s growing legitimacy and investor interest. Pillows added that this positioning could mark the beginning of Ethereum FOMO, as both retail and institutional investors react to rising momentum and market structure. This surge in valuation comes on the heels of a major legislative breakthrough. The US House of Representatives passed three critical crypto bills yesterday, including the GENIUS Act and the Clarity Act. These laws aim to bring much-needed regulatory transparency to the crypto sector, further reinforcing investor confidence. The passage of these bills is viewed as a turning point in US crypto policy, setting the stage for broader institutional adoption and innovation. Meanwhile, institutions are ramping up ETH accumulation. On-chain data reveals steady inflows into Ethereum spot ETFs, while a noticeable premium on Coinbase suggests strong demand from US-based whales. Combined with a bullish price structure and improving macro conditions, Ethereum appears to be entering an expansive phase, not only in price but also in network usage and adoption. Related Reading: Altcoins Reclaim Key Technical Level – Can Momentum Sustain This Time? ETH Surges To New Highs After Breaking Major Resistance Ethereum has continued its bullish advance, now trading at $3,619 following a clean breakout above the key resistance level at $2,852. The chart shows a clear shift in momentum, with ETH surging more than 25% over the past week, backed by strong volume and bullish structure. This marks the highest price since early 2024, and it comes as Ethereum decisively clears all major moving averages on the 3-day chart—the 50, 100, and 200 SMAs. The 200-day SMA at $2,815 had acted as a long-standing ceiling during the past year of consolidation and correction. Now that price has reclaimed it with strength, the previous resistance could flip into strong support in the near term. The recent price action also resembles the breakout pattern seen before ETH’s last major rally toward all-time highs. Related Reading: Bitcoin Retail Demand Rebounds – $0–$10K Transfer Volume Turns Positive Volume has significantly increased, further validating the breakout and suggesting that institutional participation may be rising again, especially as spot Ethereum ETFs continue seeing record inflows. If ETH holds above the $3,400–$3,500 region over the coming days, a continuation toward the $4,000 psychological level could be next. Featured image from Dall-E, chart from TradingView
Ethereum's market cap surge highlights growing institutional interest and potential shifts in financial power dynamics, challenging traditional giants.
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Ethereum (ETH) has finally started to show signs of life after spending much of the past year in a sluggish bearish phase. Over the last 12 months, the world’s second-largest cryptocurrency grew by a mere 5.6%, frustrating investors who once saw it as a market leader. However, momentum has shifted in recent weeks. In the …
Ethereum has been in the spotlight lately as major corporations and institutions continue to stack Ether in record amounts. Meanwhile, Ethereum ETFs are setting new inflow records, which shows rising institutional confidence in the asset. Sharplink Raises Equity Offering, Buys More Ether SharpLink Gaming, backed by Ethereum co-founder Joseph Lubin, is going all-in on Ether. …
The acquisition aims to expand dYdX’s product into social and user-driven trading features as it looks to scale.
Ethereum’s recent price trajectory has caught the attention of traders and analysts, as the asset extends its bullish rally well into today. With the price currently hovering around $3,420, Ethereum has registered a daily gain of 7.7% and a weekly surge of more than 23%. The momentum follows a decisive breakout above the $3,000 level earlier this week, sparking renewed optimism across the derivatives and spot markets. The latest insights from the on-chain analytics platform CryptoQuant provide context for Ethereum’s price action, suggesting that activity on Binance is a major catalyst. Related Reading: Ethereum Could Shoot Above $4,000 This Week, Predicts Analyst Ethereum Short Liquidations Shift Market Dynamics CryptoQuant contributor Darkfost notes that the recent uptick coincides with a structural shift in the derivatives market, particularly around short liquidations. A deeper analysis of exchange flows and taker behavior further supports the case for sustained upward movement, with indicators suggesting that Ethereum may be positioning itself to revisit previous highs. According to Darkfost, Ethereum’s current rally follows a prolonged five-month correction phase that began in December 2024. During this period, the market experienced a flush of long positions, especially on Binance, contributing to what he describes as a necessary “cleanup” in the derivatives space. This recalibration helped reset speculative positioning and laid the groundwork for the recovery observed since late April. Now, the pattern has reversed. “Short liquidations are now dominating on Binance,” Darkfost observed, emphasizing how forced exits of bearish positions are reinforcing Ethereum’s upward price momentum. Liquidation data shows multiple short squeezes in recent weeks, with volumes reaching $32 million and $35 million, respectively. This trend suggests that many traders are positioned counter to the prevailing market movement, adding fuel to the rally as they’re forced to close out positions. Darkfost also highlighted that, if this pace of short liquidations continues, Ethereum may be poised to test its all-time high. He added that ongoing inflows into spot Ethereum ETFs and increasing adoption by institutions viewing ETH as a long-term asset could further support this potential breakout. Taker Volume on Binance Hints at Bullish Continuation In a separate post, CryptoQuant analyst Crazzyblockk pointed to taker-side activity on Binance as another critical signal. The ETH Taker Buy/Sell Ratio (7-day moving average) recently crossed the 1.00 threshold, signaling stronger buy-side pressure from market participants. This shift was accompanied by a spike in price volatility, which reached 261.5, mirroring Ethereum’s latest price surge beyond $3,434. Related Reading: Ethereum Price Breaks Out: Smashes $3,400 Mark in Bullish Run Crazzyblockk noted that this pattern, rising buy-side taker volume aligned with surging volatility, has historically preceded extended price rallies. The divergence between taker long and short volumes further underlines dominant bullish sentiment. The analyst emphasized that tracking taker momentum on Binance may offer early signals for future market direction, as the Ethereum price appears highly responsive to activity on the platform. Featured image created with DALL-E, Chart from TradingView
Ethereum has skyrocketed over 70% since July 1, adding $150 billion to its market cap. This historic rally was driven by a massive short squeeze, institutional buying from BlackRock and Trump’s financial group, and upcoming U.S. regulatory reforms. With a $9 trillion retirement market on the horizon, Ethereum’s bullish momentum may just be getting started. …
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
Ethereum price started a fresh increase above the $3,500 zone. ETH is now showing bullish signs and might continue to rise toward the $3,800 zone. Ethereum started a fresh increase above the $3,350 level. The price is trading near $3,500 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,490 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains supported above the $3,350 zone in the near term. Ethereum Price Rises Further Above $3,500 Ethereum price started a fresh increase above the $3,220 zone, outperforming Bitcoin. ETH price gained pace for a move above the $3,350 resistance zone to remain in a positive zone. The bulls even pumped the price above $3,500. Finally, it tested the $3,620 zone. A high was formed at $3,627 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $2,935 swing low to the $3,627 high. Ethereum price is now trading above $3,500 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $3,500 on the hourly chart of ETH/USD. On the upside, the price could face resistance near the $3,630 level. The next key resistance is near the $3,650 level. The first major resistance is near the $3,720 level. A clear move above the $3,720 resistance might send the price toward the $3,800 resistance. An upside break above the $3,800 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,880 resistance zone or even $4,000 in the near term. Are Downsides Limited In ETH? If Ethereum fails to clear the $3,630 resistance, it could start a downside correction. Initial support on the downside is near the $3,550 level. The first major support sits near the $3,500 zone and the trend line. A clear move below the $3,500 support might push the price toward the $3,420 support. Any more losses might send the price toward the $3,350 support level in the near term. The next key support sits at $3,220. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $3,500 Major Resistance Level – $3,650
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
One crypto analyst said the next technical resistance lies near $4.5 trillion, with potential downside risks in macroeconomic conditions.
Sharplink Gaming became the largest corporate holder of ether earlier this week, surpassing the Ethereum Foundation.
Yesterday’s inflows into US Ethereum spot ETFs hit a new high, and the market took notice. Ether’s price jumped sharply as big and small funds alike funneled fresh money into these products. Related Reading: If You’re Wealthy, 1 Bitcoin Should Already Be In Your Wallet, Expert Says Record Inflows Break Previous Highs According to latest data, US Ethereum spot ETFs saw a single‑day inflow of $727 million yesterday. That smashes the prior record of $428 million set on December 5. The nine funds tracked have now attracted new money every day for eight straight sessions before this surge. Based on reports, this eight‑day streak set the stage for what became the biggest one‑day haul in the ETFs’ history. Big Names Lead The Charge BlackRock’s iShares Ethereum Trust (ETHA) drew nearly $500 illion on Wednesday, pushing its total net inflow to $7.11 billion since launch. The Fidelity Ethereum Fund (FETH) wasn’t far behind, adding $113 million and lifting its cumulative haul to almost $2 billion. Other vehicles chipped in too: Grayscale’s Ethereum Trust (ETHE) hauled in $54 million, the Grayscale Mini Trust added $33 million, and Bitwise’s ETHW ETF contributed $14.5 million. Based on those figures, it’s clear that both institutions and everyday investors are jumping on board across multiple brands. ETF Leaders Dominate New Money Nate Geraci, president of ETF Stores, noted on social media that these ETFs have gathered close to $2 billion over the past five trading days. That pace of inflows shows the growing comfort level big players have with owning Ether through a familiar wrapper. Retail investors often follow institutional moves, so these numbers could spark even more demand. Ethereum Price Climbs Higher Ether’s price has climbed 9% in the last 24 hours, trading at $3,430 at the time of writing. According to market data, that level hasn’t been seen since January 31, when Ether last topped $3,370 before plunging below $1,500. The sharp rise underlines how sensitive Ether’s price can be to big capital flows into spot ETFs. Related Reading: Massive Whale Profits $15 Million—Now Betting Big On Ethereum To Crash Price Reaction Fuels Optimism Some analysts are now eyeing $4,000 as the next milestone for Ether. The altcoin’s renewed momentum could lift other altcoins too. If top‑10 tokens follow Ether’s lead, the broader crypto market may ride this wave higher. Strong inflows alone won’t guarantee sustained gains. Big inflows can reverse quickly if sentiment shifts or if traders chase profits too aggressively. But for now, the scene is bullish. If inflows keep rolling in and the price holds above $3,300, the push toward $4,000 might not be far off. Featured image from Unsplash, chart from TradingView
SharpLink amends sales agreement to raise $5B for Ethereum purchases, expanding its crypto gaming and ETH treasury strategy.
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The move updates a prior prospectus with the SEC to drastically increase the amount of its stock eligible for sale to buy ETH.
The inclusion of staking in Ethereum ETFs could enhance investor appeal by offering additional yield, but regulatory hurdles remain significant.
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The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The move comes after Ethereum ETF notched their highest daily net inflow on Wednesday, led by $499 million into BlackRock's ETHA.
Ethereum‘s price has reclaimed momentum, climbing above the $3,400 level for the first time since mid-January, according to CryptoSlate’s data. The asset posted a strong 9% rally in the past 24 hours, marking a significant recovery after months of underperformance compared to Bitcoin. ETH outperforms Bitcoin Dean Chen, an analyst at Bitunix, noted that ETH’s […]
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The completed $70 million public offering follows the GameSquare board of directors approved a $100 million ETH treasury initiative on July 9.
The Ethereum (ETH) price has made a strong comeback, pushing past a major resistance zone to trade above $3,400. This price movement signals growing bullish momentum, driven by strong institutional buying, rising investor confidence, and Ethereum’s increasing dominance over Bitcoin. As ETH breaks out from key levels, many are now watching closely to see if …