On Sunday, Eric Jackson, the founder and president of Toronto-based hedge fund EMJ Capital posted a thread on X that defined his agency’s bullishness on ether (ETH).
In keeping with Jackson, the market has underestimated the impression of upcoming developments, significantly the anticipated approval of staking for ETH exchange-traded funds (ETFs) by October 2025. He argued that this occasion, somewhat than the already-approved ETH ETFs, represents the true catalyst for important worth progress, because it may rework ether right into a yield-generating asset enticing to institutional traders.
Jackson defined that his agency’s mannequin anticipates a provide crunch pushed by a number of elements. He highlighted that staking approval would possible result in elevated institutional demand, diminished circulating provide, and passive funding flows from conventional finance. Mixed with Ethereum’s deflationary tokenomics post-merge, rising transaction charges from layer-2 options, and the rise of real-world asset (RWA) tokenization, he believes these dynamics may considerably enhance ETH’s worth.
Jackson emphasised that Ethereum’s capacity to generate actual income positions it as an undervalued community, poised to develop into an institutional-grade yield product somewhat than merely a speculative asset.
In his evaluation, Jackson projected a base case of ether reaching $10,000 by the top of the present market cycle, with a extra optimistic state of affairs of $15,000 or increased if layer-2 adoption and ETF inflows exceed expectations.
He famous that whereas Bitcoin continues to dominate market consideration with its worth surpassing $120,000, Ethereum is quietly establishing itself as a important infrastructure for cryptocurrency transactions.
Jackson additionally expressed skepticism in regards to the analogy of Ethereum as “digital oil,” as a substitute suggesting that its function as a foundational platform for commerce in a crypto-driven financial system aligns it with firms like Circle, Coinbase, Shopify, and Robinhood. His agency stays bullish, sustaining an extended place within the $ETHA ETF and plans to replace its mannequin as new developments unfold.
With the crypto market struggling as we speak within the wake of the profit-taking that took bitcoin’s worth prior to now two days from above $123,000 to round $116,000, the ether worth is holding up comparatively nicely, down solely 0.6% prior to now 24-hour interval on the time of writing. One motive for that’s most likely the help from Nasdaq-listed SharpLink Gaming (SBET).
Earlier as we speak, the agency introduced by way of a submit on X that it has solidified its place as the biggest company holder of ether globally, surpassing even the Ethereum Basis. The corporate disclosed that between July 7 and July 13, 2025, it acquired roughly 74,656 ETH for roughly $213 million, at a median worth of $2,852 per ETH, bringing its whole holdings to round 280,706 ETH.
It says that this aggressive acquisition technique, funded partially by elevating $413 million by the sale of 24.5 million shares by way of its At-The-Market (ATM) facility throughout the identical interval, underscores its dedication to creating ether its main treasury reserve asset.
The announcement additionally highlighted that roughly 99.7% of SharpLink’s ETH holdings are actively staked, producing round 415 ETH in staking rewards for the reason that firm launched its ETH-focused treasury technique on June 2, 2025.
Moreover, SharpLink reported a 23% improve in its proprietary “ETH Focus” metric since June 13, 2025, reflecting higher ETH publicity per share. This transfer aligns with the corporate’s broader imaginative and prescient, articulated by Chairman Joseph Lubin, a co-founder of Ethereum, to place SharpLink on the forefront of digital commerce by leveraging Ethereum’s utility in decentralized finance and blockchain infrastructure.
Technical Evaluation
- In keeping with CoinDesk Analysis’s technical evaluation mannequin, ETH-USD showcased very excessive volatility all through the 24-hour interval from July 14 15:00 UTC to July 15 14:00 UTC, establishing a buying and selling hall of $132.08 that constituted 4% motion between the session’s flooring at $2,933.50 and ceiling at $3,065.45.
- The buying and selling session was characterised by sustained bearish stress throughout in a single day hours, witnessing ETH’s descent from $3,013.65 to achieve the day by day nadir of $2,933.50 roughly at 03:00, subsequently coming into a lateral consolidation section inside the $2,960-$2,990 bandwidth all through nearly all of the session.
- The pivotal second materialized throughout the concluding buying and selling hour as ETH orchestrated a spectacular ascent from $3,000.02 to $3,051.89, accumulating $51.87 good points inside a single hour accompanied by extraordinary buying and selling exercise of 496,321 items — exceeding twice the 24-hour baseline of roughly 225,000.
- This dynamic surge signifies strong institutional positioning and alerts a possible breakthrough past the $3,000 psychological barrier that beforehand constrained upward momentum makes an attempt.
- ETH-USD exhibited extraordinary worth motion throughout the closing 60 minutes spanning 15 July 13:08 UTC to 14:07 UTC, accelerating from $3,016.75 to realize a session pinnacle of $3,065.45 earlier than consolidating at $3,047.00, marking a internet appreciation of $30.25 or 1%.
- The timeframe showcased a compelling breakout narrative commencing at 13:25 when ETH catapulted from $3,017.89 to $3,026.08, succeeded by persistent bullish momentum that reached its zenith throughout the 13:42 to 13:50 UTC interval, the place valuation skyrocketed from $3,029.14 to $3,065.37 — capturing $36.23 appreciation inside an 8-minute window as buying and selling exercise surged past 21,000 items at 13:46, approaching triple the hourly baseline.
- This highly effective advance definitively penetrated the $3,030 resistance threshold and established contemporary session peaks, though subsequent profit-realization dynamics surfaced throughout the concluding 17 minutes, retreating ETH to $3,047.00 amid declining exercise that reached zero throughout the closing three minutes, indicating momentary fatigue following the exponential climb.
Disclaimer: Elements of this text have been generated with the help from AI instruments and reviewed by our editorial group to make sure accuracy and adherence to our requirements. For extra data, see CoinDesk’s full AI Coverage.
