Institutions significantly increase their investment in ETH, with SharpLink leading by adding another 12,000 coins.

The U.S. listed company SharpLink has recently increased its investment in Ethereum assets. Between June 16 and 20, it purchased 12,207 ETH at an average price of $2,513 per coin, totaling approximately $30.6 million, bringing its total holdings to 188,478 ETH. At the current market price (around $2,420), the market value of this batch of assets has exceeded $460 million. The funds for this round of procurement mainly came from the company’s $27.7 million net proceeds raised through the At-the-Market mechanism.

(Source: sassal0x)

Continuous Staking Strategy

Since the launch of the Ethereum asset management strategy on June 2, 2025, SharpLink has staked all ETH, accumulating 120 ETH in staking rewards, fully demonstrating its long-term yield-oriented strategy.

Joseph Lubin, Chairman of the Board of SharpLink and CEO of ConsenSys, stated that this move symbolizes the company’s long-term confidence in the practicality of ETH and represents that institutions are gradually embracing blockchain technology to create business value.

Institutions continue to pour in funds.

SharpLink’s increase in holdings is not an isolated case; BlackRock also increased its position in ETH by $98 million through its ETHA spot fund this week, demonstrating traditional finance’s strong interest in Ethereum assets. According to statistics, the 9 U.S. spot Ethereum ETFs have attracted over $1 billion in inflows since their launch in mid-2024, with only two days of net outflows, indicating that mainstream institutions are gradually positioning themselves.

Price momentum remains limited

Despite a large influx of institutions, the ETH price has remained flat recently. From a technical perspective:

• Current price: approximately 2,420 USD
• Short-term resistance: $2,500, $2,565
• Key resistance levels: $2,720 - $2,800
• Initial support: $2,390, $2,350
• Deep support zone: $2,250 and $2,150

Although the MACD and RSI indicators show signs of short-term momentum recovery, a stronger buying support is still needed to break through the $2,500 level. If it fails to stabilize at this level, the price may once again test the support area below $2,350.

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Summary

SharpLink continues to expand its ETH asset and staking layout, setting a new standard for institution-oriented on-chain strategies, while the price movement has not yet synchronized, reflecting the gap between retail and institutional sentiments. If more mainstream capital enters the market next, combined with ETH breaking through technical resistance levels, the price is expected to break away from the sideways range and enter a new upward cycle.