What drives the new upward trend?

Ethereum is again traded above the important brand of $ 3,000 after it had a course jump from 2.4% to $ 3.044 on July 14th.

The recovery falls together with that new All-time high from Bitcoin and a large accumulation event from Sharplink Gaming, which gives the Altcoin rally further swing.

Bitcoin rally ensures old coin optimism

The increase from Bitcoin to over $ 122,000 triggered a shaft of the house on the entire cryptom market and led to the dissolution of short positions worth over $ 700 million. Ethereum followed this example and benefited from his strong correlation with BTC. The entire market capitalization of cryptocurrencies rose by 3.77% to $ 3,82 trillions, since investors in Altcoins turned, especially in those with strong use mechanisms such as ETH.

Sharplink Gaming's massive ETH purchase strengthens trust

In a step that attracted the attention of institutional observers, Sharplink Gaming acquired 270,000 ETH worth around $ 463 million. The company has secured 95% of the stocks and thus removed a significant part of the ETH from the liquid circulation. The step signals a growing institutional conviction of the role of Ethereum in decentralized finance and its return potential through missions.

Technical momentum confirms the outbreak upwards

The increase in Ethereum over $ 3,000 has overcome an important Fibonacci resistance at $ 2.820. The RSI now shows 71/54, which indicates a strong momentum, but approaches the overbought area. The MACD histogram also shows a positive divergence at +53/63, which suggests continued strength. If the momentum stops, the next technical resistance is $ 3,288 based on the 127/2% Fibonacci extension.

In view of the institutional accumulation and the market -wide interest -bearing mood, the increase in Ethereum over $ 3,000 could be the beginning of a broader movement – especially if Bitcoin can last over $ 120,000.

Alexander has been working in the crypto industry for three years and has made a name for himself during this time through his active participation in observing the market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional obligation, but a deep personal passion. He follows the news from the industry every day, analyzes trends and is enthusiastic about every new step in the development of blockchain solutions. His enthusiasm drives him to constantly learn and share his knowledge because he sees the future in the digital financial world and its role in global transformation.