Ethereum don drop for SharpLink $3.3B ETH Treasury as dem lose moni for Q2

Published: 2025-08-16 11:39:15 |

Ethereum price drop 2% reach $4,457 afta SharpLink Gaming talk say dem lose $103.4 million for Q2, even tho their ETH treasury grow reach 728,804 ETH (about $3.3 billion). From June, SharpLink don raise $2.6 billion for their Ethereum strategy, dem stake almost all ETH and collect 1,326 ETH reward. Big people wey dem hire include Ethereum co-founder Joseph Lubin as chairman and old BlackRock oga Joseph Chalom as co-CEO – e show say dem gatz change direction. Income drop 30% year-on-year to $0.7 million, gross profit na $0.2 million. Big $87.8 million non-cash impairment on liquid staked ETH (priced $2,300 per ETH under U.S. GAAP) na say why dem lose for most. SharpLink talk say dem never sell any ETH. Shares drop 15% to $19.85 as wider market see $169 million futures liquidation. Tech outlook for Ethereum mix. ETH dey trade near $4,405 inside rising channel. Important support dey $4,350–$4,400 and $4,170; resistance na $4,785 and $5,000 psychological level. RSI dey 44 and MACD dey weak show say bear pressure dey reduce. If e close pass $4,450 e fit mean say price go rise again, but if e fall below $4,170 e fit target $3,950.

Bearish

SharpLink big Q2 loss and non-cash impairment no fit make market feeling better even though dem get $3.3 billion ETH treasury. SharpLink shares drop 15% plus $169 million futures liquidation show say investors dey cautious. Technically, Ethereum dey critical support levels ($4,350–$4,400 and $4,170), if e break, e fit cause deeper drop go $3,950. Staking rewards plus better leadership hiring show say long-term fit get upside, but short-term revenue fall and accounting losses dey drag momentum, so outlook dey bearish for traders. Similar pattern show when other treasury-focused companies talk impairment, e cause sharp sell-offs before dem recover long-term. For short term, traders fit dey cautious, while long-term holders go dey watch ETH accumulation, staking yields, plus technical confirmation over $4,450, to know if bullish strength dey come back.