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Ethereum co-founder Vitalik Buterin has welcomed the rise of ETH treasury companies, saying they open the door for a broader range of investors to gain exposure to ETH. However, he cautioned that the trend could backfire if it turns into an “overleveraged game.”

Speaking on the Bankless podcast, Buterin noted that these treasury firms, public companies that buy and hold ETH, offer “valuable services” and provide “more options” for investors who may not want or be able to hold the token directly. 

Notably, ETH has surged over 160% in 2025, but Vitalik Buterin warns that treasury companies must manage their holdings responsibly to maintain this momentum and avoid the kind of collapses seen in past crypto booms. 

The Rise of ETH Treasuries

Over the past year, crypto treasury companies have become a hot play on Wall Street, mirroring the strategy of Bitcoin treasury holders like MicroStrategy. By pooling investor capital to buy and hold ETH, these firms create indirect exposure for traders through publicly traded shares.

The sector has already ballooned to $11.77 billion in assets. BitMine Immersion Technologies leads the pack with 833,100 ETH worth $3.2 billion, followed by SharpLink Gaming with $2 billion, and The Ether Machine with $1.34 billion. The Ethereum Foundation and PulseChain round out the top five largest holders. Meanwhile, Fundamental Global has filed with the SEC to launch a new $5 billion Ethereum treasury fund, signaling rising institutional demand for ETH exposure.

In short, ETH treasuries can boost Ethereum adoption and price by putting large amounts of Ether in the hands of public companies and investment firms, which makes it easier for traditional investors to get exposure without directly buying and managing crypto.

Leverage: The Potential Achilles’ Heel

While Buterin is optimistic, he also warned of a worst-case scenario in which excessive leverage could trigger a chain reaction of forced liquidations. A sharp price drop, he said, could lead to margin calls, further sell-offs, and ultimately a collapse in credibility for Ethereum. 

Still, he expressed confidence that current ETH treasury companies are more disciplined than the reckless risk-taking seen in past collapses, quipping: “These are not Do Kwon followers.”

ETH’s Price Comeback

The growth of ETH treasury holdings has coincided with a strong market recovery for the token. After plunging to $1,470 in April, ETH has surged more than 160% to around $3,870. Analysts say this influx of treasury demand has been a major factor behind Ethereum’s price rally, helping it close the performance gap with Bitcoin and Solana. 

For now, the future of ETH treasuries looks bright, but Buterin’s warning is clear: success will depend on resisting the temptation to overextend in pursuit of bigger returns.

FAQs

It’s worth about $11.77B, led by BitMine Immersion Technologies with 833,100 ETH.

ETH surged over 160% from $1,470 in April to around $3,870, partly driven by treasury demand.

He says they expand ETH access for investors who can’t or don’t want to hold crypto directly.

Dogecoin started a fresh increase from the $0.1950 zone against the US Dollar. DOGE is now consolidating and might aim for more gains above $0.2250.

• DOGE price started a fresh increase above the $0.2120 level.
• The price is trading above the $0.2150 level and the 100-hourly simple moving average.
• There is a key bullish trend line forming with support at $0.2150 on the hourly chart of the DOGE/USD pair (data source from Kraken).
• The price could start a fresh upward move if it clears the $0.2250 and $0.2350 resistance levels.

Dogecoin Price Regains Traction

Dogecoin price started a fresh increase above the $0.2020 resistance zone, like Bitcoin and Ethereum. DOGE was able to clear the $0.2120 and $0.2150 resistance levels.

There was a clear move above the $0.220 level. Finally, the price tested $0.2250. A high is formed at $0.224 and the price is now consolidating above the 23.6% Fib retracement level of the upward move from the $0.1956 swing low to the $0.2243 high.

Dogecoin price is now trading above the $0.220 level and the 100-hourly simple moving average. There is also a key bullish trend line forming with support at $0.2150 on the hourly chart of the DOGE/USD.

Immediate resistance on the upside is near the $0.2250 level. The first major resistance for the bulls could be near the $0.2320 level. The next major resistance is near the $0.2420 level. A close above the $0.2420 resistance might send the price toward the $0.250 resistance. Any more gains might send the price toward the $0.2650 level. The next major stop for the bulls might be $0.2780.

Another Decline In DOGE?

If DOGE’s price fails to climb above the $0.2250 level, it could start a fresh decline. Initial support on the downside is near the $0.2175 level. The next major support is near the $0.2150 level.

The main support sits at $0.210 or the 50% Fib retracement level of the upward move from the $0.1956 swing low to the $0.2243 high. If there is a downside break below the $0.2150 support, the price could decline further. In the stated case, the price might decline toward the $0.2050 level or even $0.2020 in the near term.

Technical Indicators

Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level.

Major Support Levels – $0.2175 and $0.2150.

Major Resistance Levels – $0.2250 and $0.2320.

Ethereum (ETH) is attempting to break out of a crucial resistance level after recovering from last week’s lows. Some analysts suggested that the cryptocurrency is repeating past breakout playbooks, which could lead to a new high this quarter.

Fourth Time’s The Charm?

On Thursday, Ethereum retested the $3,850 level after recording a 6.3% surge in the daily timeframe. The surge was fueled by news of President Donald Trump’s alleged plan to sign an executive order that would allow private equity, real estate, cryptocurrency, and other alternative assets investments in 401(k) plans.

The executive order would reportedly direct the Department of Labor (DOL) to revise the guidelines related to alternative asset investments in retirement plans, opening the doors to the $12.5 trillion industry.

Notably, the King of Altcoins has been trading between the $3,400-$3,800 price range since the mid-July breakout, attempting to break out from the last “major resistance” zone three times during this period.

Last week, ETH surged to a seven-month high of $3,941, briefly trading above the key resistance zone before retracing to its local range. The start-of-August correction saw the cryptocurrency retreat to the range lows, retesting the $3,350-$3,400 area as support.

Ethereum attempted to reclaim the range highs as this week started, trading in the $3,600-$3,700 mid-zone for the past three days. However, today’s pump saw the second-largest crypto surge past the $3,800 area and retest the $3,850 local resistance.

Following its recent performance, analyst Alex Clay considers that ETH’s correction “seems to be over.” He highlighted an 18-month descending broadening wedge on the daily chart, affirming that a “breakout is imminent” as the cryptocurrency neared the formation’s upper boundary.

Ethereum To Hit New Highs Soon

Analyst Ted Pillows affirmed that ETH is “just one bullish candle away from a major breakout,” highlighting the similarities between its May-June setup and its current one.

Following the May breakout, Ethereum traded within its local range, failing to break above the $2,700 resistance multiple times before its June bull and bear traps. Following the fake-out and retest of the lows, the cryptocurrency broke out of its range and hit a new yearly high in the following weeks.

Similarly, ETH has been trading within its current range after the July breakout, as the analyst’s chart shows, retesting the local resistance before the late July bull trap. After the early August bear trap, the King of Altcoins is now retesting the $3,850-$3,900 area.

A breakout from this zone could propel the price above the $4,000 barrier if history repeats. Based on this, the analyst suggested that a $5,000 target is possible before the quarter ends.

Meanwhile, Rekt Capital highlighted that the Ethereum Dominance (ETHDOM) has surged above the 12% level in an uptrend for the first time in five years.

He noted that the last time ETHDOM rallied to this area was in July 2020, when it consolidated between the 12% to 16% zone for months before breaking out in 2021. According to the analyst, ETHDOM is now challenging to transition into a similar consolidation phase.

As of this writing, ETH trades at $3,826 in the one-week chart, a 48% increase in the monthly timeframe.

With LBTC starting to give users passive Bitcoin yield, there is a chance for higher demand. Many investors like easy ways to earn more Bitcoin. This upgrade could make LBTC more useful compared to other Bitcoin options. As more people use LBTC to get yield, trading volume and price might go up. But, if the feature does not work as promised or if there is little trust, the price may not change much. Strong belief in the upgrade is needed for a lasting impact. source

The AB token will soon be listed on Kraken. Very often, when a token joins a major exchange, its price can rise quickly because more people see and trade it. It also builds trust. AB focuses on tokenization and cross-chain features, which may attract many investors. Still, sometimes after an initial jump, selling pressure can push the price down. The effect will depend on how much attention and trading AB gets on its first days on Kraken. source

A new listing for CARV on Kraken can bring much attention to the token. Large exchanges have many users, which can increase trading volume and demand. This may cause the price of CARV to rise quickly, especially if there is strong interest. Traders often see listings on major exchanges as a sign of growth. However, with more buyers, some early investors may sell for profit, which could slow down a price increase. The final price impact will depend on market excitement and overall crypto trends. source