The Ethereum price is holding steady around $3,800 today, following news that gaming and investment firm SharpLink added another 77,210 ETH to its holdings.
ETH is now up 30% in the past two weeks and 59% over the last month, though it’s only posted a 15% gain year-over-year.
Still, SharpLink’s continued accumulation signals rising institutional demand, especially as ETH ETFs have seen strong inflows in recent weeks.
When paired with Ethereum’s unmatched fundamentals, this level of buying pressure supports a highly bullish long-term Ethereum price prediction.
Ethereum Price Prediction: One Firm Just Bought More ETH Than the Ethereum Blockchain Issued Last Month
SharpLink now owns a grand total of 438,017 ETH (worth around $1.69 billion), while the amount it purchased exceeded Ethereum’s net issuance for the past 30 days, which stands at 72,797 ETH.
Another way of putting this is that Ethereum is facing a supply squeeze, in that demand is rising to outstrip new issuance of tokens.
Proof of this comes from Ethereum’s rising price, which has increased by 163% since hitting a one-and-a-half-year low of $1,471 on April 9.
Much of this is the result of institutions buying into Ethereum ETFs, which currently account for $28.3 billion in total AUM.
This comfortably makes Ethereum the second-most popular crypto (after Bitcoin) with digital funds, and what’s bullish is that ETH outstripped every other crypto (including Bitcoin) for inflows in the seven days to July 28th.
Source: CoinSharesSuch demand and volume is reflected in Ethereum’s price chart, which continues to signal big momentum.
This is evident in ETH’s indicators, which have reached their highest levels since early 2024 and also early 2021.
For example, the coin’s relative strength index (yellow) remains at a very high 77, having hit 85 only a couple of days ago.
Meanwhile, its MACD (orange, blue) has reached 300, which again is hugely bullish.
Source: TradingViewThese indicators reflect sustained demand for ETH, and that momentum could help push Ethereum above $4,000 in the coming weeks, with a climb toward $5,000 well within reach.
This target becomes even more realistic if firms like SharpLink continue accumulating and institutional inflows into ETH ETFs remain strong.
A continued rally in stock markets would likely lift crypto alongside them — including Ethereum.
With these factors in play, a bullish case for $10,000 by the end of 2025 is gaining traction, especially as Ethereum continues to dominate the Layer 1 smart contract space.
Layer-Two Network Bitcoin Hyper Raises $5.6 Million in Presale: Next Market-Beating Altcoin?
As strong as Ethereum remains, many investors would be advised to maintain a diversified portfolio, so as to spread risk and increase exposure to potential upside.
This means allocating a portion of funds to new tokens and presale coins, the latter of which can often rally big once they list, especially if they’ve had big sales.
One token enjoying a popular sale right now is Bitcoin Hyper (HYPER), a Solana-based token that has now raised just over $5.8 million in its ICO.
The reason for Bitcoin Hyper’s growing popularity is that it’s preparing to launch a layer-two network for Bitcoin.
As an L2, it will bringer faster confirmation times and lower transaction fees, helping to tap into Bitcoin’s potential as a base layer for DeFi.
It harnesses Solana’s Virtual Machine to achieve its higher scalability, while it also uses zero-knowledge proofs to ensure greater security, speed and privacy.
Bitcoin holders will be able to bridge their BTC instantly to Bitcoin Hyper, where they will be able to stake their holdings or trade them on DEXes and DeFi platforms.
Such functionality promises to make Bitcoin Hyper one of the most exciting new platforms of the year, with investors able to join HYPER’s presale by going to the project’s official website.
HYPER is currently selling at $0.01245, although this will rise at regular intervals until the sale ends.
The post Ethereum Price Prediction: One Firm Just Bought More ETH Than Was Minted This Month – $10,000 First Target in 2025 appeared first on Cryptonews.
