SharpLink Doubles Down: $295M Ethereum Staking Move Sparks 3% ETH Rally
Ethereum bulls just got fresh ammunition. SharpLink's latest $295 million staking deployment sent ETH prices climbing 3%—proving once again that crypto whales move markets while retail watches from the sidelines.
Staking tsunami incoming? The nine-figure commitment signals growing institutional confidence in Ethereum's proof-of-stake economy. Validators are raking in 4-7% yields while traditional finance struggles to beat inflation.
Price action tells the story. ETH popped on the news, because in crypto-land, nothing screams 'bullish' like locking up a quarter-billion dollars. Meanwhile, Wall Street still can't decide if staking is 'passive income' or 'unregistered securities.'
@SharpLinkGaming now holds the most ETH among public firms ($1.33B), surpassing Bitmine & Coinbase.#Ethereum #Cryptohttps://t.co/xcyxxYTYoo
— Cryptonews.com (@cryptonews) July 24, 2025
ETH Accumulation Builds Amid High Price Predictions
SharpLink’s latest ETH purchase underscores a growing trend where traditional gaming and tech companies are diving deeper into crypto treasuries.
As a result, Ethereum continues to show resilience amid broader market volatility. The second-largest crypto is up 3% on Monday, trading at $3,876 during press time. According to CoinMarketCap, the surge reflects bullish technicals, institutional accumulation, and staking dynamics.
Technical analysis shows that ETH holding above $3,523 Fibonacci support with RSI(14) at 81.75 signals momentum.
Additionally, Ethereum’s 10,000 long-term forecast is grounded in institutional backing. Though the target remains speculative, it offers traders a narrative to build positions around.
Analysts forecast that ETH would hit $4,200 and eventually $4,800 in the short term. One user wrote on X that the wave is “broader” this time, as L2s and memecoins are preparing to rise with it.
