🚀 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