$ETH Price Today: $3,533
Forecast Target: $4,000
#Ethereum (ETH) briefly hit $3,500 after SharpLink Gaming (SBET) boosted its At-The-Market (ATM) facility by $5 billion—bringing the total to $6 billion—with plans to expand its ETH treasury. This move follows BitMine Immersion Technologies (BMNR) surpassing $1 billion in ETH holdings and BlackRock’s push to include staking in its Ethereum ETF.
Institutional Surge into ETH
SharpLink has amassed over 280,000 ETH, planning to use nearly all new funds to grow its treasury.
BitMine, backed by Peter Thiel’s Founders Fund, now holds over 300,000 ETH—up 300% from its recent $250M raise.
Other firms like Bit Digital, BTCS, and GameSquare have also pivoted toward ETH, aiming to boost per-share value through staking and price gains.
In total, public companies have added over 700,000 $ETH since May.
ETF Momentum Grows
Nasdaq filed to allow staking in BlackRock’s ETF, potentially approved by Q4 2025.
Competitors like Fidelity, Grayscale, and Bitwise are awaiting SEC decisions on similar filings.
ETH Price Forecast
$ETH has rallied over 35% since July 8, breaking out of bullish patterns like the ascending wedge. Immediate resistance lies at $3,570 and $3,740. A breakout could fuel a rally toward $4,000, completing a bullish pennant formation.
However, indicators like RSI and Stochastic suggest ETH is overbought, hinting at a potential short-term pullback. Key support lies at $3,220, $2,850, and the 14-day EMA.
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