Ethereum has entered the consolidation phase following a recent price decline. After a sharp rally that brought ETH closer to the $3,940 mark, the market has moved to profitable and cautious trading, reflecting the wider volatility across the crypto sector. Although the short-term price dynamics appear to be weak, many analysts believe this is not the beginning of a sustained downtrend, but a healthy fix within a larger bullish structure.
The key fundamental drivers continue to support Ethereum’s long-term growth papers. Legal clarity in the United States, particularly regulatory advances in favour of tokenization and institutional participation, provide a solid foundation for Ethereum adoption. Furthermore, institutional accumulation by public companies and strategic Treasury allocations have become more common, adding confidence in Ethereum’s market positioning.
Network activity is also increasing, highlighting the growing utilities of ethereum infrastructure, increasing demand across real asset (RWA) tokenization, stablecoins and debt applications. Despite current price corrections, these underlying trends suggest that Ethereum is suited to new upward movements as the market stabilizes.
Sharplink Gaming’s Ethereum Treasury Strategy gains momentum
Arkham Intelligence, a blockchain analytics platform known for celebrating the entities behind blockchain wallets and transactions, has revealed the key Ethereum acquisition related to the Sharplink game. Over the weekend, the address associated with Sharplink purchased $105.55 million worth of ETH from Galaxy Digital, one of the largest cryptographic OTC desks. The entire purchase was then betted at Figment, a major staking service provider. This aggressive move highlights Sharplink’s growing commitment to an Ethereum-centric financial strategy.
Sharplink Gaming, a registered NASDAQ company, has established itself as one of the first public companies to develop a financial strategy centered around Ethereum, showing a significant change in the way companies manage their reserves. As of July 27, 2025, Sharplink’s Ethereum Holdings rose to 438,190 ETH, reflecting a consistent accumulation trend. The company’s strategic purchases highlight the broader narrative of institutional adoption. There, public companies not only hold crypto assets, but are actively integrated into their finance business.
Analysts believe Sharplink’s strategy can set precedents for other publicly traded companies seeking diversified blockchains and native financial models. By staking ETH Holdings, Sharplink is also placing itself in order to benefit from yield generation while enhancing Ethereum’s network security.
This dual approach (accumulation and staking) preserves a long-term vision consistent with Ethereum’s growing role in real-world asset tokenization and debt infrastructure. If this trend continues, Sharplink could become a flagship study of how public companies will leverage Ethereum’s ecosystem for sustainable growth.
Price Action Details: Testing Support After a Bullish Rally
Ethereum (ETH) is currently trading around $3,661 after facing a denial near a $3,860 resistance level, as shown on the daily chart. Prices experienced a strong gathering in July, with over 85% rising from the $2,850 support zone. However, the bullish momentum cooled, leading to a period of integration and corrective action.
The 50-day SMA is $3,038, and the $2,850 key horizontal support remains at a critical level for viewing when sales pressures get high. For now, ETH has held over the $3,600 zone and is trying to stabilize after last week’s sharp fix. The short-term structure is still in bullish stages, but the price needs to be tested more highly to recover its $3,860 resistance.
Volume has been declining since peak, reflecting market hesitation. The 100-day SMA, nearly $2,724, and the 200-day SMA, $2,501, show a strong support base, suggesting that deeper fixes are considered long-term purchase opportunities.
Dall-E special images, TradingView chart
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