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Ethereum Surges Past $4000, Backed by SharpLink's Bullish Bets
Early August 2025 SharpLink made a bold move adding another 22000 ETH to its bag taking total holdings past 521000 ETH worth nearly 2 billion USD
This was fueled by a 200 million direct share sale showing how traditional companies are now treating ETH as a strategic asset
Almost all of SharpLink holdings are staked and earning yield and the news helped push ETH price up 7 percent to break the 3900 level
ETHUSD has now smashed through the key 4000 resistance after a long period of consolidation touching an intraday high of 4013 and holding near 4000
The overall outlook stays bullish while 3350 holds firm
Next level to watch is 4100 and if broken the road to 5000 opens up
True breakout strength will show only after 5000 is cleared
Support sits near 3700 and a drop below could see 3550 3500 3380 3200 or even 3000 with a deeper slide risking 2770 or 2500
Best play for now is to buy on dips around 3800 with a stop near 3600 and a target of 5000 #Top Content Challenge