Ethereum climbs above $3,900 as Sharplink acquires another 77.2K ETH

Ethereum traded at $3,908 at press time, gaining 3.2% in the past 24 hours and 61% over the last 30 days.
The price rebounded from a recent low of $3,530 on July 24 and is now pushing toward $4,000, a key psychological price level. Increasing derivatives and trading activity suggests that investor interest is growing.
Trading volume surged to $32.95 billion in the last 24 hours, a 47.3% increase from the previous day. As per CoinGlass data, open interest rose 7.72% to $59.94 billion, while 24-hour derivatives volume increased 61.44% to $89.16 billion, indicating that traders are positioning for volatility.
The total open interest of Ethereum Ethereum
eth
3.07%
Ethereum futures contracts across the network has now surpassed $60 billion, setting a new record high. The recent gains coincide with a fresh wave of institutional Ethereum accumulation.
SharpLink expands ETH treasury holdings
According to Lookonchain, blockchain data shows that gaming and data firm SharpLink purchased another 77,210 ETH, worth about $295 million, on July 28. This brings its total ETH holdings to 438,017, about $1.69 billion in value. Most of this ETH is staked through platforms like Figment and Hoppers DApp.