- Ethereum gains 4% as SharpLink buys $295M in ETH.
- ETH nears $4,000 resistance, with dominance hitting five-year highs.
- Institutional demand surges, led by SharpLink and BlackRock inflows.
In the past 24 hours, Ethereum — ETH , has surged 4%, flipping market sentiment and bringing bulls back to the frontlines. But this rally isn’t random. Nasdaq-listed SharpLink Gaming just dropped a massive $295 million into Ethereum. This one purchase alone outpaced all ETH minted in the last 30 days. Traders didn’t miss the signal. Daily trading volume skyrocketed by 35%, crossing $33 billion. With this kind of momentum, Ethereum now has its eyes locked on the critical $4,000 breakout zone.
SharpLink’s Mega Purchase Ignites Bullish Frenzy
SharpLink dove in headfirst with 77,210 ETH. The scale of that investment is staggering. For comparison, only 72,795 ETH were issued over the past month. That means SharpLink absorbed more than the market created. Most of that freshly acquired ETH hasn’t been left idle either. On-chain data shows SharpLink staked a huge portion of it—staking signals commitment, not short-term speculation.
This bold move brings their total ETH holdings to over 438,000 coins, valued at more than $1.69 billion at today’s prices. Only one public firm holds more: BitMine Technologies with 566,000 ETH. SharpLink now sits firmly in second place, not just in holdings but in institutional influence. Their aggressive ETH treasury strategy is sending ripples across the entire crypto space. Institutions aren’t sitting on the sidelines. They’re sprinting into Ethereum. BlackRock’s Ethereum ETF alone saw $1.8 billion in inflows last week.
Ethereum Dominance Breaks Out, Market Watchers Turn Heads
Other firms are beginning to follow suit. Ethereum is no longer just a network—it’s becoming a corporate asset. And when the suits start buying in bulk, retail traders tend to follow. While price movement captures attention, Ethereum’s growing dominance tells a deeper story. ETH’s market share has climbed to 12%, a level not seen since 2020. That year marked the beginning of a meteoric rise.
If this trend mirrors past cycles, Ethereum may be setting the stage for a breakout beyond previous all-time highs. Crypto analyst Rekt Capital highlights Ethereum’s attempt to re-enter a historically powerful zone, described as the “green circled phase.” During past rallies, this level triggered sharp upward momentum and wide-scale altcoin rallies. Ethereum often leads the charge, and this could be one of those defining moments.
Even with $2.6 billion in ETH unstaking activity making headlines, buyers don’t seem rattled. The conviction is clear—Ethereum has momentum, demand, and institutional firepower behind it. With whales loading up, dominance rising, and sentiment shifting, ETH looks ready to punch through $4,000. The stage is set. All eyes are watching.
