Everus Construction's 15-minute chart has recently undergone a notable technical indicator shift, as the MACD has triggered a Golden Cross and Bollinger Bands are expanding upwards as of July 28, 2025 at 14:45. This development suggests that the stock price has considerable potential for further upward momentum, with market trends being primarily driven by buying activity.
Ethereum (ETH) has shown remarkable resilience, trading at $3,908 at press time, up 3.2% in the past 24 hours and 61% over the last 30 days [1]. This significant price increase is accompanied by a surge in trading volume, with a 47.3% increase to $32.95 billion in the last 24 hours. The open interest has also seen a substantial rise, increasing by 7.72% to $59.94 billion, indicating growing investor interest.
One of the key drivers behind Ethereum's bullish momentum is the recent acquisition of 77,210 ETH by SharpLink, a gaming and data firm. This purchase, valued at approximately $295 million, brings SharpLink's total ETH holdings to 438,017, worth about $1.69 billion [1]. The company's ETH purchases are part of its ambitious equity sale program, which aims to raise $6 billion, having already secured $721 million, including a $425 million private placement backed by prominent investors like Consensys, Pantera, ParaFi, and Electric Capital [1].
Technical indicators also suggest a strong bullish trend. Ethereum's daily chart shows sustained bullish momentum, with the price consistently closing above the 20-day SMA, which now acts as short-term support at $3,432. The expansion of Bollinger Bands indicates increased volatility, and Ethereum is currently riding the upper band, a typical bullish continuation signal [1]. The Relative Strength Index (RSI) is at 82.89, indicating the market is overbought but still maintaining momentum [1].
While Ethereum's price has rebounded from a recent low of $3,530 on July 24, it is now pushing towards $4,000, a key psychological price level. A push above $4,000 would confirm the strength of the breakout, with the next key level at $4,168. On the downside, a drop below the 20-day SMA could trigger a retracement towards $3,250 [1].
In conclusion, Ethereum's recent performance and SharpLink's significant ETH purchase underscore the cryptocurrency's strong bullish momentum. The technical indicators suggest that the upward trend is likely to continue, driven by increased investor interest and institutional accumulation.
References:
[1] https://crypto.news/ethereum-regains-3900-sharplink-buys-77k-eth-2025/
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