Ethereum News Today: Ethereum Price Surges 61% as SharpLink's Institutional Accumulation Drives Bullish Momentum

Ethereum’s price surged past $3,900 on July 28, 2025, reflecting a 61% increase over the past 30 days, driven by SharpLink’s large-scale Ethereum accumulation and sustained bullish market momentum. The cryptocurrency approached $4,000 as SharpLink, now the second-largest institutional ETH holder, expanded its holdings to 438,017 ETH, valued at approximately $1.69 billion. This increase followed the firm’s recent acquisition of 77,210 ETH ($295 million), which was staked through platforms like Figment and Hoppers DApp, underscoring its long-term commitment to Ethereum’s network [1].

SharpLink’s strategic equity sale program, which raised $721 million in funding—including a $425 million private placement supported by investors such as Consensys, Pantera, and ParaFi—has enabled the firm to scale its Ethereum treasury significantly. The company’s leadership, including Ethereum co-founder Joseph Lubin as chairman and former BlackRock strategist Joseph Chalom as co-CEO, has bolstered credibility among institutional investors. This accumulation, combined with Ethereum’s technical strength, has reinforced market confidence in the asset’s utility as a foundational component of decentralized finance [1].

Technical indicators highlight robust bullish momentum. Ethereum’s daily chart shows consistent closes above the 20-day Simple Moving Average ($3,432), with Bollinger Bands expanding to signal heightened volatility. The asset is currently trading near the upper band, a pattern historically associated with continued upward movement. Meanwhile, the Relative Strength Index (RSI) stands at 82.89, indicating an overbought market. Analysts note that while short-term consolidation is possible if the RSI declines, the absence of downward momentum suggests bullish sentiment remains intact [1]. Key support and resistance levels—$3,600 and $4,168, respectively—will be critical in determining Ethereum’s near-term trajectory [1].

Market activity metrics further validate growing investor interest. Trading volume surged 47.3% to $32.95 billion in the past 24 hours, while open interest in Ethereum futures rose 7.72% to $59.94 billion. Derivatives volume also increased by 61.44% to $89.16 billion, reflecting heightened positioning and volatility anticipation [1]. These figures align with broader trends of institutional adoption, as Ethereum-focused ETF inflows have created a “self-reinforcing cycle” where demand fuels price gains, incentivizing further investment [2].

SharpLink’s role as a major institutional buyer has amplified market dynamics. By staking a significant portion of its holdings, the firm has demonstrated confidence in Ethereum’s long-term value proposition, particularly its role as a “digital oil” for decentralized applications and smart contracts [2]. This strategic approach has encouraged other investors to view Ethereum as a store of value, mirroring Bitcoin’s institutional adoption trajectory [2].

While the current trajectory suggests Ethereum could break above $4,000, analysts caution that sustained gains depend on maintaining favorable macroeconomic conditions and regulatory clarity. Projections, such as forecasts of Ethereum reaching $4,000 or more by 2025, hinge on the persistence of institutional demand and network upgrades that enhance scalability and reduce energy consumption [2]. SharpLink’s concentrated position in Ethereum, however, also underscores the risks inherent in high-volatility assets [5].

The interplay between institutional accumulation and market fundamentals has positioned Ethereum as a focal point in the transition of cryptocurrencies from speculative assets to core components of diversified portfolios. As ETF inflows and strategic partnerships continue to bolster the ecosystem, Ethereum’s ability to deliver on its technical roadmap will remain a key determinant of its long-term success [2].

Source: [1] [Ethereum Nears $4000 Amid SharpLink’s Increased Holdings] [https://en.coinotag.com/ethereum-nears-4000-amid-sharplinks-increased-holdings-and-sustained-bullish-momentum/][2] [Ethereum Price Nears $4000 on ETF Inflows] [https://www.tiktok.com/en/trending/detail/ethereum-price-nears-4000-on-etf-inflows][5] [Leap Digital Investments] [https://leapdigitalinvestments.com.au/]