Ethereum has reclaimed the $3,000 level — and it’s no coincidence. Two major market movers are fueling the rally:
🔹 SharpLink Gaming just bought 10,000 ETH directly from the Ethereum Foundation in an OTC deal priced at $2,572 per ETH, totaling over $25.7 million.
🔹 U.S. spot ETH ETFs recorded $383.1 million in net inflows on Thursday — the second-highest daily figure to date.
This isn’t just a trade — it's a strategy. SharpLink’s Chairman, Joseph Lubin, called the move a "long-term commitment.” The company now holds 215,957 ETH, worth over $600 million, after fully shifting to an ETH treasury model in June following a $425M capital raise.
📈 Price-wise, Ethereum broke key resistance at $2,850 and touched $3,000 — a critical psychological level. Technical analysts suggest that if ETH can flip this zone into solid support, it could jump another 17%, targeting $3,470. Along the way, watch for resistance at $3,220.
Meanwhile, SharpLink’s stock jumped 17% Friday, adding to a massive 71% weekly gain, as investors react positively to its ETH-heavy strategy.
💡 The message is clear: institutional interest is building. With ETFs gaining traction and companies adding ETH to their treasuries, Ethereum may be setting up for a powerful next leg — but traders should stay alert for volatility and technical pullbacks.#ETH #Ethereum #ETHETFsApproved #Ethereum