The Ethereum price has jumped by 6% in the past 24 hours, with its rally to $3,328 coming after major ETH holder SharpLink provided further details of plans to generate an income from its holdings.
ETH’s current price means that it’s up by 12% in a fortnight and by 6% in a month, with the cryptocurrency market as a whole rising to $3.33 trillion today after U.S. data showed inflation remaining stable in December.
While the Ethereum price is up by only 5% in the past year, SharpLink’s discussion of how it’s going to use its ETH productively is very positive for the coin, and may encourage more institutions and corporations to increase accumulation.
And with Ethereum still being the biggest layer-one network in crypto by a wide margin, the long-term Ethereum price prediction is hugely bullish right now.
Ethereum Price Prediction: SharpLink Activates Multi-Billion ETH Strategy – How Long Until ETH Hits a New All-Time High?
Speaking on the Degenz Live YouTube channel, SharpLink CEO Joseph Chalom detailed how the company had deployed $170 million in ETH on the layer-two network Linea, and how this deployment provides a template for similar activity in the near and distant future.
In other words, Chalom wants 2026 “to be the year of productivity” for its Ethereum reserve, which could set a precedent other firms and institutions increasingly follow.
And if we look at the Ethereum price chart today, we see that its momentum is rising strongly, and the coin may have even broken out.
Most notably, its price has broken through the pennant it has been forming since August, while its MACD (orange, blue) climbed above 0 a week ago and became positive for the first time in months.
Source: TradingViewIt’s a similar story with the relative strength index (yellow), which has tried to crack 70 once already in the past week, and may be about to do the same thing again very soon.
Such gains in momentum come as flows into Ethereum funds reach a modest $56 million since the beginning of January, although they have actually seen an outflow of $116 million in the seven days to January 12.
The past 24 hours have witnessed some significant transfers of ETH, including one transfer that saw a whale take 16,624 ETH off Coinbase.
We’ve also seen some massive deposits onto Ethereum’s Beacon Chain, indicating an increase in staking activity, which may or may not have any relation to SharpLink’s deployment of its ETH reserves.
Regardless, the Ethereum price prediction is looking vey encouraging, with ETH on course to top $4,000 by Q2, and to break $5,000 by H2.
SUBBD Could Be the Next Altcoin to 100x: How to Buy Early
While Ethereum is probably one of the safest cryptocurrencies you can invest in at the moment, many investors may also want to diversify into higher risk, higher reward cryptocurrencies.
This may include presale coins, which do have the potential to rally strongly when they list for the first time, sometimes outpacing the market average.
And of all the presale tokens available right now, one of the most interesting is SUBBD ($SUBBD), an Ethereum-based utility token that has raised over $1.4 million.
SUBBD is the utility token for an adult-oriented content creation platform of the same name, one which provides content creators with generative AI tools to help make them more productive.
This includes tools for ideas, tools for creating virtual adult performers, and tools for creating content, including images and videos.
By harnessing such tools, SUBBD is aiming to give users the ability to produce not only more content, but also higher quality content.
At the same time, the use of the Ethereum blockchain allows for fair and transparent payouts for creators, giving it an edge over legacy platforms.
This helps to explain why SUBBD’s presale is doing well, and also why the platform now reaches over 38,000 followers on X, an early sign of its future popularity.
Investors can join its sale at the official SUBBD website, where the token is currently selling for $0.05745.
This will rise every few days until the sale ends, so buyers should act quickly.
Visit the Official SUBBD Website HereThe post Ethereum Price Prediction: SharpLink Activates Multi-Billion ETH Strategy – How Long Until ETH Hits a New All-Time High? appeared first on Cryptonews.
