Ethereum (ETH) briefly touched $3,000 this weekend, and the market is feeling optimistic again. Currently at $2,969, ETH is showing a sustained breakout with high volume and bullish indicators. After weeks of steady gains, Crypto Summer may have finally arrived.
ETH lost 0.41% in early weekend trading, but the trend is still intact. ETH is up 9% in the last 5 days and outperforming most altcoins. This is more than a short term spike, it’s institutional demand and growing confidence in Ethereum’s long term.
SharpLink’s ETH Buy is Institutional Trust
A big catalyst for this momentum is the $25.72 million private OTC deal between the Ethereum Foundation and Nasdaq listed SharpLink Gaming. The esports marketing firm bought 10,000 ETH at $2,572 per token, now holds 215,957 ETH worth over $600 million.
SharpLink’s CEO Joseph Lubin said the purchase is part of the company’s long term strategy, not speculative trading. The Ethereum Foundation said the OTC route was chosen to avoid market disruption, open market sales can be heavy on the price.
- Deal Size: 10,000 ETH for $25.72M
- Average Purchase Price: $2,572
- Current Holding Value: Over $600M
- Market Reaction: SharpLink stock up 17%
So institutional confidence is high and ETH is above $3,000 without profit taking. Investors see this as a vote of long term confidence in Ethereum’s ecosystem and its utility across Web3, DeFi and tokenization.
ETF Inflows Mean Strong Demand Ahead
To top it off, U.S. spot ETH ETFs saw their second-largest daily inflow of $383.1 million at the end of last week. Total 5-day inflow is $851.73 million, and total inflows are over $5 billion ahead of their 1-year anniversary on July 23. BlackRock’s ETHA drew in $300.93 million in one day.
These ETFs are not only absorbing supply but also helping ETH find price stability in a volatile market. Since Ethereum’s 2022 proof-of-stake transition, supply has been dwindling. Over the last nine trading days, ETF inflows have outpaced ETH supply, creating a supply squeeze.
With crypto conferences and ETF milestones in July, many see this as the start of Ethereum’s next leg up.
Ethereum (ETH/USD) Technical and Trade
From a charting perspective, Ethereum price prediction seems bullish as it has broken out of an ascending channel since March. Daily RSI is at 72, indicating strong momentum but overbought conditions. No reversal candles yet, bulls are in control.
Ethereum Trade Outlook
- Entry: $2,864 (pullback zone)
- Stop-Loss: Below $2,700 (mid channel support)
- Targets: $3,126 (resistance), then $3,432 (channel top)
A bullish engulfing or hammer candle at support would be additional confirmation for dip buyers.
Bitcoin Hyper Presale Over $2M as Price Rise Nears
Bitcoin Hyper ($HYPER), the first Bitcoin-native Layer 2 powered by the Solana Virtual Machine (SVM), has raised over $2 million in its public presale, with $2,511,140 out of a $2,846,221 target. The token is priced at $0.012225, with the next price tier expected to be announced soon.
Designed to merge Bitcoin’s security with Solana’s speed, Bitcoin Hyper enables fast, low-cost smart contracts, dApps, and meme coin creation, all with seamless BTC bridging. The project is audited by Consult and engineered for scalability, trust, and simplicity.
The golden cross of meme appeal and real utility has made Bitcoin Hyper a Layer 2 contender to watch in 2025. With staking, a streamlined presale, and a full rollout expected by Q1, $HYPER is gaining serious traction.
The post Ethereum Price Prediction: ETH Leads the Charge Above $3,000 – Has Crypto Summer Season Officially Begun? appeared first on Cryptonews.
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