Overview

• Ethereum climbed 7% to $4,200 on Binance, marking its highest level since December 2021 and triggering $207 million in short liquidations.
• Sharplink Gaming’s $200 million direct offering underpinned the rally and will expand its Ethereum treasury beyond $2 billion.
• Daily trading volume surged 35% to $47.1 billion as on-chain withdrawals removed over one million ETH from exchange reserves.
• Technical charts show a bullish engulfing candle above the Bollinger Band’s upper line and an RSI approaching 69 with expanding bands.
• A confirmed daily close above $4,100 would signal a breakout from recent consolidation and could propel Ethereum toward new all-time highs.