In the pulsating heart of the cryptocurrency market, Ethereum finds itself trading at an impressive $3,908, marking a gain of 3.2% within the recent 24 hours—a feat to be celebrated if one were inclined to pop some imaginary champagne. 🎉 Over the past 30 days, it has climbed a staggering 61%, making it the belle of the digital ball.
- The darling Ethereum dances above $3,900, feigning modesty with a humble 61% increase in 30 days.
- SharpLink, like a savvy collector of rare artifacts, has just snapped up another 77,210 ETH, now totalling 438,017 ETH in its enviable treasury. Who needs gold bars, right? 🪙
- Ah, the bullish momentum, a grand performance indeed, with an elevated RSI and the expansion of Bollinger Bands that suggest an encore is desired.
The price heroically rebounded from a recent pitiful low of $3,530 on July 24, now gallantly charging toward the psychological milestone of $4,000. The whisperings of increasing derivatives and trading activity suggest that investor interest is not merely trickling, but gushing like an overzealous fountain.
The trading volume surged to a spectacular $32.95 billion in the last 24 hours, a jaw-dropping 47.3% rise from the previous day. According to the data knights at CoinGlass, open interest gallantly rose 7.72% to $59.94 billion, while the 24-hour derivatives volume soared by 61.44% to $89.16 billion—reinforcing the idea that traders are feeling quite frisky and poised for some delightful volatility.
Remarkably, the total open interest of Ethereum (ETH) futures contracts has now breached the $60 billion mark, a record that seems to dazzle even the most seasoned market observers. This surge coincides with an invigorating wave of institutional Ethereum accumulation—quite the trend, wouldn’t you say?
SharpLink Expands Its ETH Treasury Holdings
According to the oracle known as Lookonchain, blockchain data reveals that SharpLink, the gaming and data titan, has added yet another 77,210 ETH to its coffers—a transaction raking in approximately $295 million on July 28. This brings its total ETH holdings to a staggering 438,017, valued at about a delightful $1.69 billion. Most of this ETH is staked through swanky platforms like Figment and Hoppers DApp. How chic!
SharpLink(@SharpLinkGaming) acquired another 77,210 $ETH($295M), now boasting 438,017 $ETH($1.69B).
— Lookonchain (@lookonchain) July 28, 2025
SharpLink’s fervent ETH purchases are being fueled by an audacious equity sale program. The firm has audibly raised its equity target from a humble $1 billion to an eye-popping $6 billion, having already secured $721 million—including a thrilling $425 million private placement backed by the likes of Consensys, Pantera, ParaFi, and Electric Capital. Quite the social circle, I must say!
With Ethereum co-founder Joseph Lubin at the helm as chairman and former BlackRock strategist Joseph Chalom co-piloting as co-CEO, SharpLink is positioning itself as a committed institutional guardian of ETH. Should they breach their acquisition goal, they may command more than 1 million ETH—an illustrious 1% of the total supply.
Per ETH Strategic Reserve data, the company now proudly stands as the second-largest ETH holder, following only the illustrious Bitmine Immersion Tech, which currently possesses 566,000 ETH. The rivalry simmers elegantly!
Ethereum Technical Outlook: Bullish Momentum Strengthens
Peering into Ethereum’s daily chart reveals a splendid and sustained bullish momentum, as the price consistently closes above the cherished 20-day SMA, which has now assumed the role of short-term support at $3,432. The expansion of Bollinger Bands signifies increased volatility, as ETH sails brazenly along the upper band—a herald of continued bullish endeavors.
With a relative strength index looming at an extravagant 82.89, the market appears to be indulging in a bit of overzealousness. Typically, readings above 80 tend to precede brief dips or playful consolidations. Yet, our RSI line remains steadfastly hopeful and resolute, leaving momentum alive and kicking.
As long as the price maintains its grip above the $3,600 support, our uptrend remains intact like a well-choreographed ballet. A bold push above $4,000 would elegantly confirm breakout strength, placing the next key level at $4,168. On the morose side, however, a descent below the 20-day SMA might lead our beloved price on a retracing escapade down toward $3,250. Alas, such are the whims of the market!
Read More
- Violence District Killer and Survivor Tier List
- All Data Pad Locations (Week 1) Destiny 2
- All Mafia The Old Country Returning Characters
- Mafia: The Old Country – Interactive Map (Sicily)
- Top 8 UFC 5 Perks Every Fighter Should Use
- Meet SAKAMOTO DAYS’ Deadly New Villains: 4 Death Row Killers Ready to Cause Chaos!
- Top 5 Unreal Engine 5 Games with Incredible Performance
- German Twitch streamer goes viral for playing Elden Ring & Street Fighter at a rave
- Prestige Perks in Space Marine 2: A Grind That Could Backfire
- All Mafia The Old Country Safe Combinations
2025-07-28 09:46