{"content":"Ethereum Roars Back Above $3,000 — ETF Surge and SharpLink Deal Spark Revival SharpLink buys 10,000 ETH from Ethereum Foundation over-the-counter. On Thursday, Ethereum ETFs saw their second-highest net inflows of $383.1 million. ETH might rise 17% to $3,470 if it breaks expanding wedge resistance. SharpLink buys ETH again, ETFs get large inflows SharpLink Gaming, an Ethereum treasury and esports marketing business, bought 10,000 ETH from the Ethereum Foundation (EF) for $25.72 million in an OTC trade on Thursday. The Strategic ETH Reserve website said that the acquisition, at $2,572 per ETH, increased the company's holdings to 215,957 ETH, valued over $600 million at current pricing. "This isn't a trade - it is a commitment to our long-term vision," SharpLink Chairman and Consensys CEO Joseph Lubin stated in a Thursday news statement. "Guess that's one way to fix EF dumping," said Nansen CEO Alex Svanevik on Friday in an X post. After a $425 million Consensys-led private placement in June, SharpLink fully committed to ETH treasury. Since then, BitMine (BMNR), Bit Digital (BTBT), BTCS, and GameSquare have offered ETH treasuries. SharpLink's shares rose 17% Friday, pushing their weekly gains to 71%. According to SoSoValue statistics, US spot ETH ETFs saw their second-highest daily net inflows of $383.1 million on Thursday, extending their run to five days and $851.73 million. ETH ETFs' total net inflows have surpassed $5 billion a few weeks before their first anniversary on July 23. BlackRock's iShares Ethereum Trust (ETHA) saw the largest daily inflow on Thursday, $300.93 million. ETH momentarily restored the $3,000 psychological barrier after pushing beyond $2,850 resistance, but it faces opposition around the top border of an ascending right-angled expanding wedge. ETH might climb 17% to $3,470 if it turns resistance into support. It may find resistance at $3,220 on the way up. #ETHBreaks3k #BTCBreaksATH #ShariaEarn #TrumpTariffs #USCryptoWeek $BTC $ETH $XRP ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025072025/07/12/74e543e440db153882b8329f90917713.png"],"tags":[],"tradingPairs":["XRP/USDT"],"quotearticleid":0}