On Sunday, Eric Jackson, founder and president of Toronto-based hedge fund EMJ Capital, posted a thread on X.
According to Jackson, the market is underestimating the impact of future developments, particularly the expected recognition of ETH Exchange Trade Funds (ETFs) by October 2025. He argued that the event, not an already approved ETH ETF, represents a true catalyst for a significant price increase.
Jackson explained that his company’s model is predicting a supply crunch driven by several factors. He emphasized that staking approvals are likely to lead to increased institutional demand, reduced circular supply and a flow of passive investment from traditional finance. Combined with defletoconomies after Ethereum registration, increased trading fees from Layer 2 solutions, and the rise of real-world asset (RWA) tokenization, we believe these dynamics can significantly increase the value of ETH.
Jackson emphasized that Ethereum’s ability to generate real revenues would position it as an undervalued network poised to become an agency-grade yield product, rather than just a speculative asset.
His analysis predicted that Jackson would reach $10,000 in the base case of ether by the end of the current market cycle. If Layer-2 adoption and ETF inflow exceed expectations, a more optimistic scenario would be over $15,000.
He said that while Bitcoin continues to attract market attention for over $120,000, Ethereum has quietly established itself as a key infrastructure for cryptocurrency trading.
Jackson is also skeptical of Ethereum analogy as “digital oil,” suggesting instead that its role as a fundamental platform for commerce in a crypto-driven economy is consistent with companies such as Circle, Coinbase, Shopfifi School and Robinhood. His company remains bullish and will remain in a long position at $ETHA ETF and update its model as new developments unfold.
At the time of writing, the Crypto market is struggling today, triggering a profit that has surpassed $123,000 to about $116,000 in the last two days, bringing Bitcoin prices to around $116,000 to about $116,000 at the time of writing. One reason for this is probably support from Sharplink Gaming (SBET) listed on Nasdaq.
Today, the company announced in a post on X that it has surpassed even the Ethereum Foundation and cemented its position as the largest corporate holder of ether worldwide. Between July 7 and July 13, 2025, the company acquired approximately 74,656 ETH for around $213 million, with an average price of $2,852 per ETH, bringing its total holdings to approximately 280,706 ETH.
The aggressive acquisition strategy says it underscores the commitment to creating the ether’s major Treasury reserve assets by raising partial funds by raising $413 million through 24.5 million share sales through market (ATM) facilities around the same time.
The announcement also highlighted that around 99.7% of Sharplink’s ETH holdings have been actively staked, generating around 415 ETH in wagering for compensation since launching its ETH-focused financial strategy on June 2, 2025.
Additionally, Sharplink reported that its own “ETH concentration” metric has increased by 23% since June 13, 2025, reflecting ETH exposure per share. The move coincides with the company’s broader vision, clarified by Ethereum co-founder Chairman Joseph Rubin, and places Sharplink at the forefront of digital commerce by exploiting the utility of Ethereum in decentralized financial and blockchain infrastructure.
Technical Analysis
- According to Coindesk Research’s technical analysis model, ETH-USD exhibited extremely high volatility over a 24-hour period from 15:00 UTC on July 14 to 14:00 UTC on July 15, establishing a trading corridor of $132.08.
- The trading session was characterized by sustained bear pressure overnight, with ETH drops reaching the daily lowest point of $2,933.50 from $3,013.65 to about 03:00, and then entered the $2,960-$2,990 bandwidth within the 2,960-$2,990 bandwidth throughout the majority of the session.
- A key moment came true during the final trading hours as ETH adjusted the epic rise from $3,000.02 to $3,051.89, accumulating a profit of $51.87 within an hour with 496,321 units of extraordinary trading activity.
- This dynamic surge shows a robust institutional positioning and a potential breakthrough that surpassed the $3,000 psychological barrier that previously constrained upward momentum attempts.
- ETH-USD showed extraordinary price action in the final 60 minutes, spanning 15:08 UTC to 14:07 UTC, achieving a Pinnacle of sessions ranging from $3,016.75 to $3,065.45, fused at $3,047.00, and chanting a net appreciation of $30.25 or 1%.
- The time frame presented a fascinating breakout story at 13:25, when ETH was catapulted from $3,017.89 to $3,026.08 to $3,026.08. The eight-minute window as trading activity surged at 13:46, over 21,000 units, approaching an hourly baseline triple.
- This powerful advance clearly penetrated the $3,030 resistance threshold and established a new session peak, but the subsequent profit realization dynamics showed a prevalent instantaneous fatigue, withdrew the ETH to $3,047.00, reaching zero in the final three minutes.
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