🚀 Ethereum Breaks Back Above $3,000 — ETFs & SharpLink Power the Surge
Ethereum is roaring back to life, reclaiming the $3,000 level after a powerful one-two punch:
✅ Massive ETF inflows
✅ A major over-the-counter buy from SharpLink Gaming
💼 SharpLink Buys 10,000 ETH from Ethereum Foundation
On Thursday, SharpLink Gaming — an Ethereum treasury and esports marketing firm — purchased 10,000 ETH from the Ethereum Foundation for $25.72M in a private OTC deal.
At $2,572 per ETH, this brings SharpLink’s total holdings to 215,957 ETH, now worth over $600M.
> “This isn’t a trade — it’s a commitment to our long-term vision,” said Joseph Lubin, SharpLink Chairman and Consensys CEO.
Nansen CEO Alex Svanevik chimed in on X, “Guess that’s one way to fix EF dumping.”
SharpLink shares surged 17% on Friday, bringing weekly gains to 71% following their $425M private round in June.
📊 Ethereum ETFs See Monster Inflows
According to SoSoValue, U.S. spot ETH ETFs had their second-highest daily net inflow on Thursday — a whopping $383.1M, extending the streak to 5 consecutive days and totaling $851.73M this week.
Cumulative ETF inflows are now above $5B, just weeks before their 1-year anniversary on July 23.
BlackRock’s iShares Ethereum Trust (ETHA) led the pack with $300.93M in a single day.
🔍 What’s Next for ETH Price?
Ethereum has reclaimed $3,000 after pushing through key resistance at $2,850, but faces strong resistance at the top of its ascending expanding wedge.
📈 If ETH flips that resistance into support, a 17% move to $3,470 is possible.
Key resistance levels on the way up include $3,220.
⚡ In Summary:
• Institutional interest is surging
• Ethereum treasuries are growing
• ETF momentum is real
• Technicals support further upside
ETH isn’t just waking up — it may be leading the next leg of the bull run. 👑🔥
#ETHBreaks3K #BTCBreaksATH #SharpLink #CryptoETFs
#ETHA #EthereumNews $BTC