Ethereum Price Eyes Key Breakout as Fundamental Global Files $5B SEC Offering

• The Ethereum price offers a bullish breakout from the resistance trendline of the bullish flag pattern, signaling the continuation of the prevailing recovery.
• Fundamental Global Inc. submits a Form S-3 filing with the U.S. SEC to offer up to $5 billion of securities in multiple tranches.
• Early today, the Sharplink acquired an additional 21,959 ETH worth approximately $83.96 million.

ETH, the native cryptocurrency of the Ethereum blockchain, recorded a sharp surge of 6.18% during Thursday’s U.S. market hours to trade at $3,910. The buying pressure followed broader market momentum as the United States President signed executive orders to allow crypto in 401(k)s and stop banking discrimination against digital assets. However, this top altcoin gained additional momentum as corporate firms, including Fundamental Global and SharpLink Gaming, continued to add more ETH to their treasury strategy. Is the $4,000 breakout close?

Fundamental Global Files $5 Billion Shelf Registration to Expand Ethereum Holdings 

Fundamental Global, the Charlotte-based investment holding firm, filed a shelf registration with the U.S. Securities and Exchange Commission to offer up to $5 billion of securities over time.

The Form S-3 filing gives the firm broader flexibility to issue common stocks, preferred shares, warrants, and debt instruments in one or multiple tranches. According to the prospectus, a significant portion of the net proceeds would be allocated toward its recently announced Ethereum treasury strategy to accumulate more ETH. 

The remainder of the proceeds would be utilized for working capital, general corporate purposes, and operating expenses.

The strategic positioning builds on Fundamental Global’s $200 million private placement announced in late July 2025, earmarked for ETH accumulation, staking, and participation in decentralized finance to maximize Ethereum per share.

While the company has disclosed a specific timeline to fully raise the $5 billion, the S-3 registration is widely seen as a primitive measure to facilitate swift capital development when market conditions align. 

In addition, SharpLink Gaming, the Microstrategy of Ethereum, has acquired an additional 21,959 ETH (worth approximately $83.96 million) in the past 2 hours of reporting. To date, the firm has bought 568,000 ETH ($2.215 billion) at an average price of $3,137, projecting an unrealized profit of $433 million.

On August 7th, SharpLink (SBET) announced that it will complete a stock placement to four institutional investors to raise $200 million and purchase more ETH. 

Such growing adoption in enterprise finance could bolster the Ethereum price to drive a sustained recovery.

Ethereum Price Poised for Major Breakout

Since last weekend, the crypto market has managed to push back the prevailing bearish momentum in digital assets, signaling a renewed buying pressure in the market. Thus, the Ethereum price correction bottomed at $3,355 before offering a sharp rebound of over 15.7% to currently trade at $3,882.

The bullish upswing bolstered ETH buyers for a decisive breakout above the resistance trendline of a bull flag pattern. The post-breakout rally has pushed the coin price against the swing high resistance of $3,940. 

With ETH recently benefiting from ETF inflow, growing staking demand, and corporate adoption, the coin price could breach the overhead resistance to regain its position above $4,000.

If the pattern holds true, the buyers could drive a 28% surge to challenge the $5,000 psychological level.

On the contrary, if the sellers continue to define the $3,940 resistance, the Ethereum price could shift its trajectory to sideways and build sufficient momentum for the next breakout.

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