ETH Could Reach $13K by Q4, Analyst Says, as SharpLink Gaming Adds $295M to Treasury

Ethereum could be on track for a major breakout later this year, according to a popular crypto analyst on X, while institutional interest continues to deepen with a massive treasury allocation from SharpLink Gaming.

A widely followed pseudonymous analyst known as “Wolf” shared a bullish outlook for ether (ETH), forecasting a potential surge to $13,000 by the fourth quarter. While that represents the analyst’s high-end scenario, Wolf’s conservative target sits at $8,000 — still more than double ETH’s current price.

In a chart-driven post on Friday, Wolf noted that Ethereum appears poised for a continued rally after reaching new all-time highs. However, he cautioned that a 20%–25% correction could follow the breakout, describing it as a “final shakeout” before a sustained move higher.

That outlook coincides with increased institutional participation. On-chain tracker Lookonchain reported Monday that SharpLink Gaming (SBET) added 77,210 ETH — worth approximately $295 million — to its corporate treasury. The Nasdaq-listed firm, which launched its ETH strategy in early June, now holds 438,017 ETH, valued at around $1.69 billion, making it the largest publicly traded corporate holder of ether.

The purchase came days after SharpLink appointed former BlackRock executive Joseph Chalom as co-CEO, and just three days after disclosing it had earned 567 ETH in staking rewards since initiating its accumulation strategy.

Meanwhile, sentiment around Ethereum appears to be undergoing a dramatic shift. Chris Burniske, partner at Placeholder Ventures, highlighted the turnaround, writing: “ETH went from most hated coin to darling of CT in ~5 weeks,” referencing crypto Twitter. ETH has gained roughly 73% since June 23.

At the time of writing, ETH is trading at $3,884, up 2% in the past 24 hours, according to CoinDesk data.

Technical Outlook: ETH Breaks Key Resistance

• Between July 27 at 09:00 UTC and July 28 at 08:00 UTC, ETH climbed from $3,771.30 to $3,888.72, posting a 3.11% gain and registering a 4.91% intraday range.
• The token broke through major resistance around $3,837–$3,850 on strong volume, turning it into support and setting the stage for a push toward the $3,950–$4,000 range.
• In the final hour of trading, ETH rose from $3,890.61 to $3,898.38, including a sharp spike from $3,876 to $3,898 at 08:05 UTC, driven by a surge in volume — a sign of institutional accumulation at breakout levels.