Source: Cointelegraph.com NewsKey takeaways:<\/p>\n
SharpLink Gaming establishes the first ETH treasury, backed by Ethereum co-founder Joe Lubin. SharpLink will invest $425 million to acquire 120,000 ETH.
\nEthereum futures open interest hits an all-time high of $36.1 billion, with ETH price climbing 4.5% on the daily chart. <\/p>\n
Nasdaq-listed SharpLink Gaming (SBET) announced a $425 million private investment in public equity (PIPE), acquiring approximately 69.1 million shares at $6.15 each to establish the first Nasdaq-listed Ethereum (ETH) treasury company. Source: Cointelegraph.com NewsKey takeaways: SharpLink Gaming establishes the first ETH treasury, backed by Ethereum co-founder Joe Lubin. SharpLink will invest $425 million to acquire 120,000 ETH. Ethereum futures open interest… <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/130127"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=130127"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/130127\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=130127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=130127"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=130127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nSpearheaded by Ethereum co-founder Joe Lubin, this move mirrors Strategy\u2019s (MSTR) successful Bitcoin treasury strategy, which has yielded over $8.2 billion in gains in 2025, by leveraging stock and bond sales to acquire BTC.
\nFormer Ethereum core developer and contributor Eric Conner highlighted the bullish implications of SharpLink\u2019s move, noting its potential to create a \u201cpublic ETH proxy for funds that can\u2019t hold tokens directly.\u201d\u00a0
\nConner emphasized that the acquisition of 120,000 ETH \u2014 likely to be staked \u2014 could lead to \u201csupply compression\u201d by removing tokens from circulation. The Ether proponent also pointed to the \u201cnew narrative fuel\u201d this provides, positioning ETH as a \u201cdigital reserve collateral\u201d and potentially driving its adoption on mainstream balance sheets through an equity wrapper like $SBET.
\nHowever, crypto analyst VICTOR cautioned against over-enthusiasm, outlining the risk of leveraging gains from an altcoin still down 19% in 2025.\u00a0
\nIn Q1 2025, Cointelegraph reported a sharp decline in Ethereum network fees, dropping to $605,000 from $2.5 million in just two weeks in March, alongside a noticeable decrease in decentralized app (DApp) activity. Although average daily fees on the Ethereum chain have stayed above $1 million since May 9, 2025, fees remain significantly lower compared to Q1 2024, as highlighted in the chart.
\nEthereum total value locked (TVL) and chain fees. Source: DefiLlamaRelated:\u00a0Ethereum flashes \u2018altseason\u2019 signal as ETH price eyes $4.1K
\nEthereum open interest prints new highs as ETH targets $3K
\nThe SharpLink announcement triggered a surge in Ethereum futures market activity. Ether futures open interest (OI) hit a new all-time high of $36.1 billion, increasing $3.5 billion in 24 hours. Ether OI has increased by 72% over the past month, reflecting heightened trader activity.
\nEthereum open interest chart. Source: CoinGlassEther prices are also up 4.50% for the day, and Maartuun, a community analyst at CryptoQuant, indicated the likelihood of a leveraged-fueled pump for the altcoin.\u00a0
\nOver the past 30 days, Ether prices have gained 48%, with the markets exhibiting 10 leverage-driven pump signals. The majority of these rallies \u2014 eight out of 10 \u2014 resulted in negative returns, while one rally triggered a short squeeze, driving prices higher, and another displayed neutral price action.
\nFrom a technical perspective, Ether\u2019s price action on the daily chart posted a descending triangle, a bullish breakout pattern, which creates equal highs and higher lows, converging toward an imminent rally.\u00a0
\nThe pattern is bordered by two trendlines, the upper resistance, currently around $2,700 and the ascending support line. A bullish breakout above $2,677 targets the pattern\u2019s measured move, calculated by adding the triangle\u2019s height to the breakout point. This projects a target range of $3,100\u2013$3,200, aligning with prior resistance levels around $3,100 and $3,400.
\nEthereum 1-day chart. Source: Cointelegraph\/TradingViewThe relative strength index (RSI) at 68.50 supports this bullish outlook. An RSI near 70 indicates strong momentum, with the indicator resetting after oscillating in the overbought region (above 70), suggesting the altcoin could be gearing up for a fresh rally.\u00a0
\nAnonymous crypto trader mo_xbt pointed out a \u201csandwich setup\u201d for Ethereum. The analyst also believed that a $3,000 retest was imminent and said,\u00a0
\n\u201cGotta love the sandwich set up on the daily \u2014 Above 1d 200ema, below 1d 200ma & 300ma. I have seen this set up many times the last month, it always lead up.\u201d
\nEthereum 1-day analysis by Mo. Source: X.com\/Mo_XBTRelated: Bitcoin profit taking lingers, but rally to $115K will liquidate $7B shorts
\nThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"