{"id":398735,"date":"2025-07-16T21:58:52","date_gmt":"2025-07-16T16:28:52","guid":{"rendered":"https:\/\/dripp.zone\/news\/ethereum-price-forecast-as-sharplink-buys-another-5188-eth-crypto-news\/"},"modified":"2025-07-16T22:06:17","modified_gmt":"2025-07-16T16:36:17","slug":"ethereum-price-forecast-as-sharplink-buys-another-5188-eth-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/ethereum-price-forecast-as-sharplink-buys-another-5188-eth-crypto-news\/","title":{"rendered":"Ethereum price forecast as SharpLink buys another 5,188 ETH &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/07\/ethereum-price-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/07\/ethereum-price-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/07\/ethereum-price-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/07\/ethereum-price-smartcrop-363x181.png\" type=\"image\/jpeg\"\/><\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>SharpLink Gaming has acquired an additional 5,188 ETH worth over $15.7 million.<\/li>\n<li>The company now holds more than 285,890 ETH as it becomes the largest Ethereum holder.<\/li>\n<li>Analysts say ETH could spike above $3,000, with $5,000 as a potential target.<\/li>\n<\/ul>\n<p>SharpLink Gaming\u2019s massive bet on Ethereum has bolstered the top altcoin\u2019s price as bulls hold <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coinjournal.net\/news\/ether-eyes-3400-as-bulls-push-price-above-3k\/\">near the key level of $3,000<\/a>.<\/p>\n<p>The company\u2019s strengthening of its ETH position with an additional 5,188 ETH worth over $15.7 million saw Ethereum price hold near the critical level as <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coinjournal.net\/news\/btc-price-pulls-back-after-near-123k-high-xrp-approaches-all-time-high-resistance-at-3-00\/\">Bitcoin dipped sharply<\/a>.<\/p>\n<p>Analysts now see ETH hitting a new upside leg, buoyed by SharpLink\u2019s latest purchase that brings the company\u2019s total ETH holdings to over 285,890.<\/p>\n<h2>Ethereum price holds $3k level amid SharpLink Gaming buying spree<\/h2>\n<p>As noted, Ethereum\u2019s price is demonstrating notable resilience as BTC dumps to lows of $116k amid whale selling.<\/p>\n<p>The Satoshi-era whale who recently moved over 80,000 BTC has transferred coins again, including to a centralized exchange. Bitcoin price plummeted amid this, with analysts noting a potential dip in BTC dominance that could mean a major move for altcoins.<\/p>\n<p>Ethereum price holding above the $3,000 mark as SharpLink continues its aggressive accumulation strategy adds to the bullish outlook.<\/p>\n<p>According to Onchain Lens, the company\u2019s recent acquisition of 5,188 ETH adds to a substantial buying spree between July 7 and July 13.<\/p>\n<p>During this period, SharpLink acquired approximately 74,656 ETH for around $213 million at an average price of $2,852 per ETH.<\/p>\n<p>This brings the total holdings to 285,894 ETH, a significant increase from the 280,706 ETH reported earlier.<\/p>\n<p>Notably, approximately 99.7% of SharpLink\u2019s ETH is staked, generating an estimated 415 ETH in rewards since June 2. In terms of concentration, this accounts for about 23% increase since June 13.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">NEW: SharpLink becomes the largest <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a> holder among corporate entities<\/p>\n<p>Between July 7 and July 13, SharpLink acquired ~74,656 ETH for ~$213M at an average price of ~$2,852 per ETH<\/p>\n<p>Total holdings now stand at ~280,706 ETH<\/p>\n<p>~99.7% of ETH is staked, earning ~415 ETH since June 2\u2026 <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/t.co\/2yknUWgkLJ\">pic.twitter.com\/2yknUWgkLJ<\/a><\/p>\n<p>\u2014 SBET (SharpLink Gaming) (@SharpLinkGaming) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/SharpLinkGaming\/status\/1945094437173940389?ref_src=twsrc%5Etfw\">July 15, 2025<\/a><\/p>\n<\/blockquote>\n<p>Staking nearly all its ETH holdings not only supports Ethereum\u2019s network security but also positions SharpLink as a solid player in the ETH ecosystem.<\/p>\n<p>Recently, Joseph Lubin, Chairman of SharpLink, co-founder of Ethereum <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/investors.sharplink.com\/news-eth-foundation-treasury-acquisition\/\" target=\"_blank\" rel=\"noopener\">said<\/a>:<\/p>\n<blockquote>\n<p>\u201cAt a time when Ethereum is entering a new era of institutional relevance, we are proud to support the network\u2019s long-term strength and decentralization mission.\u201d<\/p>\n<\/blockquote>\n<p>On what the buying means, he added:<\/p>\n<blockquote>\n<p>\u201cThis isn\u2019t a trade \u2013 it is a commitment to our long-term vision. SharpLink is acquiring, staking and restaking ETH as responsible industry stewards, removing supply from circulation and reinforcing the health of the Ethereum ecosystem.\u201d<\/p>\n<\/blockquote>\n<h2>ETH price forecast<\/h2>\n<p>Market analysts are closely watching Ethereum\u2019s price movements, with technical insights suggesting a potential breakout.<\/p>\n<p>Merlijn The Trader <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/MerlijnTrader\/status\/1945166474613809187\" target=\"_blank\" rel=\"noopener\">highlighted<\/a> the top altcoin\u2019s price outlook on X.<\/p>\n<p>According to the analyst, ETH shows a \u201ctriple RSI bounce\u201d and an intact macro upward channel, indicating that Ethereum may be poised for significant growth.<\/p>\n<p>Per a chart the analyst shared on July 15, 2025, a price explosion could push ETH toward $5,000 as an initial target.<\/p>\n<p>Notably, Ethereum reached highs above $4,800 for its all-time high.<\/p>\n<div class=\"ad-banner  container  pt-1\" data-partner=\"bitcoinpepe\">\n        <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/bitcoinpepe.co\/en?utm_source=coinjournal&#038;utm_medium=banner&#038;utm_campaign=header\" target=\"_blank\" rel=\"nofollow sponsored noopener\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/coinjournal.net\/wp-content\/themes\/c1-base\/dist\/img\/ad\/blockovate\/en-4.png\"\/><br \/>\n        <\/a>\n    <\/div>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SharpLink Gaming has acquired an additional 5,188 ETH worth over $15.7 million. The company now holds more than 285,890 ETH as it becomes the largest Ethereum holder. Analysts say ETH could spike above $3,000, with $5,000 as a potential target. SharpLink Gaming\u2019s massive bet on Ethereum has bolstered the top altcoin\u2019s price as bulls hold [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":398736,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-398735","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/398735","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=398735"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/398735\/revisions"}],"predecessor-version":[{"id":398737,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/398735\/revisions\/398737"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/398736"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=398735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=398735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=398735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}