SharpLink’s $425M ETH treasury has ETH bulls calling for $3K

Main meals:

• Sharplink Gaming establishes the first ETH wardrobe, with the support of the co -founder of Ethereum Joe Lubin. Sharplink will invest $ 425 million to acquire 120,000 ETH.

• The future interest of Ethereum reaches the highest level ever at 36.1 billion dollars, with ETH prices increased by 4.5 % on the daily chart.

Sharplink Gaming (SBET), which is on the Nasdaq Stock Exchange, has announced a private investment of $ 425 million in public stocks (PIPE), where she received approximately 69.1 million shares at $ 6.15 per ETHEREUM (ETH) that is attached to the NASDAC Stock Exchange.

Powerful by Joe Lubin’s Ethereum founder, this step is the successful Bitcoin Treasury strategy mirrors, which, which is It has achieved more than 8.2 billion dollars In gains in 2025, by taking advantage of sales of stocks and bonds to get BTC.

The former ETHEREUM CORE developer and the shareholder Eric Conner High The upcoming effects of Sharplink’s step, indicating its ability to create “General ETH agent for funds that cannot bear the symbols directly.”

Conner emphasized that getting 120,000 ETH – is likely to be drowned – it can lead to “width pressure” by removing symbols from trading. Moayad Al -Atheer also referred to the “new narrative fuel” provided by this, as ETH was placed as a “digital reserve guarantee” and may lead to its adoption on the prevailing public budgets through the stock cover such as $ SBET.

However, Victor encryption analyst to caution Against excessive enthusiasm, determining the risk of benefiting from Altcoin gains remains a decrease of 19 % in 2025.

In the first quarter of 2025, Cointelegraph was reported that an ETHEREUM network was decreased, as it decreased to $ 605,000 from $ 2.5 million in just two weeks in March, as well as a noticeable decrease in the activity of decentralized application (DAPP). Although the average daily fees on the ETHEREUM series have been higher than a million dollars since May 9, 2025, the fees remain much less compared to the quarter of 2024, as shown in the plan.

Related: Ethereum, “ALTSEASON” sign

The open interest ethereum prints its highest level as ETH targets 3 thousand dollars

The Sharplink advertisement has increased the activity of the Ethereum Futures Market. The open interest of future contracts (OI) amounted to the highest new level ever of 36.1 billion dollars, which increased by 3.5 billion dollars in 24 hours. Eter OI increased by 72 % over the past month, reflecting the increasing trading activity.

Ether prices have also increased by 4.50 % for today, a shop, a community analyst at Cryptoquant, Shown The possibility of a dual pump to take advantage of Altcoin.

Over the past thirty days, Ether prices have increased by 48 %, as markets have shown 10 pump signals driven by an increase. Most of these gatherings – eight out of 10 – led to negative returns, while one of the gatherings caused short pressure, which paid higher prices, and another offer of neutral prices.

From a technical perspective, the work of Ether on the daily chart is a descending triangle, a distinct style, which creates its highest level and the lowest level, approximating to an imminent gathering.

This pattern of two directional lines, upper resistance, currently limits about $ 2700 and a bullish support line. The bullish penetration aims above $ 2,677 to move the size style, calculated by adding the triangle height to the penetration point. These projects are targeted between 3100 – 3,200 dollars, and are compatible with previous resistance levels about 3,100 dollars and $ 3,400.

RSI in 68.50 supports this upward view. The relative force index near 70 indicates a strong momentum, with the recycling of the index after oscillating in the excessive purchase area (above 70), indicating that Altcoin can prepare for a new crowd.

Anonymous encryption dealer Mo_xbt indicated Outside “Shattrah Preparation” for ETHEREUM. The analyst also believed that re -testing $ 3,000 was imminent and said,,

“You should love the sandwich that was prepared in The Daily – above 1D 200MA, less than 1D 200ma and 300mA. I saw this setting several times last month, and it always leads to that.”

Related: Get Bitcoin, but the gathering to $ 115,000 will filter $ 7 billion shorts

This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.