SharpLink Resumes ETH Buying as Analysts Eye $65K Bitcoin Target

Key Facts

1SharpLink resumed Ether purchases after an eight-week pause, buying $16 million worth of ETH.

2Analysts are divided on Bitcoin's next move, with some targeting a price level of $65,000.

In a move reflecting renewed institutional interest in digital assets, SharpLink has resumed its Ether accumulation strategy following an eight-week hiatus. According to reports, the firm executed purchases totaling $16 million in ETH. Simultaneously, the broader market is witnessing a debate among analysts regarding Bitcoin's trajectory, with technical projections increasingly focusing on a potential rally toward the $65,000 mark.

This institutional activity coincides with a period of stabilization for Ethereum-based investment products. Market data shows that while spot Ethereum ETFs initially faced volatile flows, institutional conviction remains steady among long-term holders. Furthermore, analysts at Standard Chartered have recently noted that favorable regulatory shifts could act as a catalyst for the sector, potentially pushing major tokens toward previous highs (per Reuters).

Looking ahead, market participants are monitoring key macroeconomic catalysts, including a speech by ECB President Lagarde on June 29, 2026, and China's Manufacturing PMI data on June 30, 2026. These events are expected to influence global liquidity and risk appetite, which remain critical for Bitcoin's ability to sustain momentum toward the $65,000 resistance level.