Ethereum Surges 18% as Institutional Buying Hits $89.96 Million

Ethereum (ETH) is currently experiencing a surge in momentum as it approaches a critical resistance level at $2,750. Market participants are closely monitoring the weekly close, as a sustained price above this threshold could signal a bullish breakout. The recent volatility has not deterred Ethereum, which has increased by 18 percent over the last seven days and 7.79 percent over the past 30 days, indicating a revival of upward momentum.

SharpLink Gaming has made significant Ethereum acquisitions in recent hours, marking one of the most substantial institutional moves in recent weeks. The company first acquired 10,000 ETH, valued at approximately $25.7 million, directly from the Ethereum Foundation. Shortly after, it purchased another 21,487 ETH, worth roughly $64.26 million, through OTC desks and Coinbase Prime. These transactions highlight SharpLink Gaming's status as one of the most active recent institutional buyers and underscore the growing institutional appetite for Ethereum as it approaches a crucial technical breakout zone.

Ethereum is currently hovering around $2,670, a level it has repeatedly defended in recent months. The weekly chart continues to regard this level as pivotal. Should Ethereum close the week above $2,750, it could signal bullish momentum and propel its price structure into the next higher zone. Despite a 6.45 percent decline over the past six months, Ethereum continues to advance in the longer term, having climbed to a record peak of $4,878.26 after falling to a low of $0.433. Investors are now anticipating a firm signal of a sustained breakout.

Institutional inflows have surged, with investors purchasing significant amounts of ETH in a single day. This momentum has been further fueled by the acceleration of institutional demand through spot ETFs, shattering critical resistance levels and showcasing explosive bullish momentum. The rally has been particularly notable, with ETH gaining 7 percent in a 24-hour period and climbing to $2,980.57. This surge has been accompanied by strong bullish trends, with key resistance levels at $3,029.55 being tested. The analysis points to ETH inflows gaining momentum while Bitcoin shows fading strength.

The $300 million ETH inflow and $703 million weekly surge are indicative of institutional confidence in Ethereum's long-term prospects. Institutional investors are increasingly recognizing the potential of Ethereum, with spot ETFs recording their second-highest daily inflows. This influx of capital has been driven by the network leading in on-chain flows, with increased trading on decentralized exchanges and stablecoin activity contributing to the price surge. The rally has also been supported by the sale of $25.7 million worth of tokens to SharpLink Gaming, which counts Ethereum co-founder Joseph Lubin as its board’s chairman. This transaction, along with the sustained nature of institutional flows, has established a higher price floor supported by fundamental demand rather than speculative positioning.

Despite Ethereum outperforming Bitcoin on a 24-hour interval, Bitcoin has continued to set new all-time highs, while Ethereum is still roughly 40 percent away from its record price set in 2021. However, analysts argue that Ethereum is quietly reclaiming center stage, pointing to on-chain capital inflows, institutional positioning, and derivative traders favoring Ethereum volume. This may signal the early innings of a sustained ETH-led regime, especially if macro or regulatory catalysts further tilt the risk-reward calculus. The price action comes as US spot ETFs recorded their second-highest daily inflows, at $383 million, since their inception last year. Additionally, Ethereum’s network is leading in on-chain net flows across all major blockchains on a three-month and year-to-date scale. This increased economic activity, including trading on decentralized exchanges and stablecoin activity, has contributed to the price surge, with the Ethereum economy gaining steam.