Kategorie: Ethereum News

• The strength in Ethereum has extended to the broader altcoin market.
• The token had touched an intraday high of $3,463 earlier in the day.
• The rally came as nine US-listed spot Ethereum ETFs saw their largest combined daily net inflow on record Wednesday.

Ethereum rallied sharply over the past 24 hours, breaking above $3,400 for the first time since mid-January as record inflows into spot Ether exchange-traded funds (ETFs) and rising institutional accumulation reinforced bullish sentiment.

Ether was trading at $3,436 early Thursday, up 8.4% in the past 24 hours.

The token had touched an intraday high of $3,463 earlier in the day.

The rally came as nine US-listed spot Ethereum ETFs saw their largest combined daily net inflow on record Wednesday, totalling $726.74 million, according to data from Farside Investors.

BlackRock’s iShares Ethereum Trust (ETHA) led the inflows with $499 million, followed by Fidelity’s FETH with $113 million.

That total surpasses the previous record of $428 million set on December 5, 2024 — a nearly 70% jump.

The surge in buying pushed total net inflows for July to $2.27 billion, making it the best month since the ETFs were launched a year ago.

US spot Ether ETFs now collectively hold over 5 million ETH — more than 4% of the circulating supply.

On Wednesday alone, ETFs absorbed nearly 107 times the ETH issued by the network, according to Ultra Sound Money.

Interest in ETH is up

Institutional interest is also being reflected in direct ETH holdings by corporate treasuries.

Strategic ETH Reserve data shows that treasuries now hold over $5.33 billion in ETH, equivalent to 1.33% of the total supply.

Over $1.6 billion worth of ETH was added by corporations in June alone.

One of the most aggressive buyers has been SharpLink Gaming, which purchased an additional $68 million worth of ETH in the past 24 hours.

Over the last eight days, the firm has acquired $343 million in ETH, according to blockchain analytics platform Lookonchain.

Separately, World Liberty Financial — a firm linked to US President Donald Trump — added another $5 million in ETH on Wednesday at a price of $3,266, above its historical average purchase range from November 2024 to March 2025.

BitMine Immersion Technologies, chaired by Fundstrat’s Tom Lee, disclosed that its ETH holdings have now exceeded $500 million.

Altcoin market follows ETH’s lead

The strength in Ethereum has extended to the broader altcoin market, with several tokens recording gains amid renewed risk appetite in crypto.

The current momentum in ETH — driven by a mix of spot ETF demand, treasury accumulation, and supply absorption — has positioned the asset for further upside, provided market conditions remain favorable.

In the past 24 hours, several major altcoins have outperformed Bitcoin, which posted a modest gain of just 0.7%.

XRP was one of the leaders of the rally with a sharp 7.6% rise, followed by Dogecoin, which climbed 6.9%.

Solana advanced 5.2%, BNB gained 3.4%, Tron rose 3.2%, and Cardano added 3.5%.

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• SharpLink Gaming has acquired an additional 5,188 ETH worth over $15.7 million.
• The company now holds more than 285,890 ETH as it becomes the largest Ethereum holder.
• Analysts say ETH could spike above $3,000, with $5,000 as a potential target.

SharpLink Gaming’s massive bet on Ethereum has bolstered the top altcoin’s price as bulls hold near the key level of $3,000.

The company’s strengthening of its ETH position with an additional 5,188 ETH worth over $15.7 million saw Ethereum price hold near the critical level as Bitcoin dipped sharply.

Analysts now see ETH hitting a new upside leg, buoyed by SharpLink’s latest purchase that brings the company’s total ETH holdings to over 285,890.

Ethereum price holds $3k level amid SharpLink Gaming buying spree

As noted, Ethereum’s price is demonstrating notable resilience as BTC dumps to lows of $116k amid whale selling.

The Satoshi-era whale who recently moved over 80,000 BTC has transferred coins again, including to a centralized exchange. Bitcoin price plummeted amid this, with analysts noting a potential dip in BTC dominance that could mean a major move for altcoins.

Ethereum price holding above the $3,000 mark as SharpLink continues its aggressive accumulation strategy adds to the bullish outlook.

According to Onchain Lens, the company’s recent acquisition of 5,188 ETH adds to a substantial buying spree between July 7 and July 13.

During this period, SharpLink acquired approximately 74,656 ETH for around $213 million at an average price of $2,852 per ETH.

This brings the total holdings to 285,894 ETH, a significant increase from the 280,706 ETH reported earlier.

Notably, approximately 99.7% of SharpLink’s ETH is staked, generating an estimated 415 ETH in rewards since June 2. In terms of concentration, this accounts for about 23% increase since June 13.

NEW: SharpLink becomes the largest $ETH holder among corporate entities

Between July 7 and July 13, SharpLink acquired ~74,656 ETH for ~$213M at an average price of ~$2,852 per ETH

Total holdings now stand at ~280,706 ETH

~99.7% of ETH is staked, earning ~415 ETH since June 2… pic.twitter.com/2yknUWgkLJ

— SBET (SharpLink Gaming) (@SharpLinkGaming) July 15, 2025

Staking nearly all its ETH holdings not only supports Ethereum’s network security but also positions SharpLink as a solid player in the ETH ecosystem.

Recently, Joseph Lubin, Chairman of SharpLink, co-founder of Ethereum said:

“At a time when Ethereum is entering a new era of institutional relevance, we are proud to support the network’s long-term strength and decentralization mission.”

On what the buying means, he added:

“This isn’t a trade – it is a commitment to our long-term vision. SharpLink is acquiring, staking and restaking ETH as responsible industry stewards, removing supply from circulation and reinforcing the health of the Ethereum ecosystem.”

ETH price forecast

Market analysts are closely watching Ethereum’s price movements, with technical insights suggesting a potential breakout.

Merlijn The Trader highlighted the top altcoin’s price outlook on X.

According to the analyst, ETH shows a “triple RSI bounce” and an intact macro upward channel, indicating that Ethereum may be poised for significant growth.

Per a chart the analyst shared on July 15, 2025, a price explosion could push ETH toward $5,000 as an initial target.

Notably, Ethereum reached highs above $4,800 for its all-time high.

The post Ethereum price forecast as SharpLink buys another 5,188 ETH appeared first on CoinJournal.

• Ethereum (ETH) surged past $3,000 for the first time in five months, gaining nearly 9% in 24 hours.
• BlackRock’s ETHA ETF posted record daily inflows of $300.9 million, leading a $383.1 million day for U.S. spot ETH ETFs.
• SharpLink Gaming purchased 10,000 ETH from the Ethereum Foundation, boosting its treasury to over $550 million.

Ethereum (ETH), the world’s second-largest cryptocurrency by market capitalization, has reclaimed the $3,000 mark for the first time in five months, buoyed by bullish momentum across the broader crypto market.

The token is currently trading at $3,055, up nearly 8% in the past 24 hours.

ETH last traded above $3,000 on February 2, before undergoing a sharp correction that saw it fall to as low as $1,387 in April.

That decline followed heightened market uncertainty surrounding former President Donald Trump’s “Liberation Day” tariff announcement.

While Ethereum’s recovery has been notable, it still trails Bitcoin’s (BTC) performance and remains about 38% below its all-time high of $4,878 set in November 2021.

In contrast, BTC recently reached new record highs, helping to lift the entire cryptocurrency sector.

Record inflows into Ethereum ETFs

A major driver behind ETH’s recent surge is renewed institutional interest, particularly via spot Ethereum exchange-traded funds (ETFs).

BlackRock’s iShares Ethereum ETF (ETHA) saw a record-breaking $300.9 million in net daily inflows on Thursday as ETH neared the $3,000 threshold.

That marked the fund’s strongest day since its launch and pushed its five-day inflow total to $623.4 million.

The previous record stood at $292.7 million on December 5, 2024.

Overall, US-listed spot Ethereum ETFs brought in a combined $383.1 million in net inflows on Thursday.

Fidelity’s FETH added $37.3 million, followed by Grayscale’s ETH and ETHE with $20.7 million and $18.9 million, respectively.

Bitwise’s ETHW and VanEck’s ETHV recorded $3.2 million and $2.1 million in inflows.

“We have a new daily inflow record for iShares Ethereum ETF… $300+mil,” noted Nate Geraci, president of NovaDius Wealth Management, on X (formerly Twitter).

Bloomberg Senior ETF analyst Eric Balchunas also highlighted that ETHA had logged record daily trading volumes of over $800 million on both Wednesday and Thursday, forecasting “chunky” inflow data, which the latest figures confirmed.

SharpLink deepens ETH treasury with foundation purchase

Further supporting Ethereum’s bullish backdrop, Nasdaq-listed SharpLink Gaming (SBET) disclosed a significant over-the-counter ETH acquisition from the Ethereum Foundation.

The Minneapolis-based firm purchased 10,000 ETH for $25.7 million, executed at a price of $2,572.37 per coin on July 10.

This brings SharpLink’s ETH holdings to approximately 215,634 coins, valued at around $558 million at current market prices.

The transaction positions SharpLink as the second-largest corporate holder of ether, with the company signaling ongoing support for the Ethereum ecosystem.

“SharpLink is acquiring, staking, and restaking ETH as responsible industry stewards,” said Chairman and Ethereum co-founder Joseph Lubin, emphasizing the firm’s efforts to remove supply from circulation and strengthen the network’s decentralization.

SharpLink began shifting its balance sheet toward ether in early June, financing the initiative through at-the-market share sales.

The company raised up to $425 million in a private placement led by Consensys, Lubin’s crypto infrastructure firm.

While the Ethereum Foundation has previously sold ETH from its treasury, direct transactions with publicly listed companies are rare, making this deal a notable development in institutional crypto adoption.

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