Ethereum’s Rally Accelerates as Big Money Flows In

Ethereum is charging toward $4,000, fueled by a wave of institutional buying and record derivatives activity.

After dipping to $3,530 last week, ETH has climbed past $3,900, with trading volumes and open interest hitting multi-billion-dollar highs.

SharpLink, a gaming and data company, added another 77,210 ETH (~$295 million) to its holdings, now totaling 438,017 ETH (~$1.69 billion). Most of these assets are locked in staking platforms, signaling long-term confidence.

With derivatives traders piling in—open interest at $60B and volume up 61%—the stage is set for a volatile push toward $4K.