SharpLink’s stock price has experienced a significant drop of 30%, following a month-long decline. However, analysts predict a potential rebound of up to 70%, fueled by the company’s Ethereum sales strategy and bullish long-term outlook. Despite a recent move toward its lowest support level near $9.80, the stock remains strategically positioned with key support levels at $8.86 and $6.86. The company recently moved a substantial amount of Ethereum to Galaxy Digital’s OTC desk, raising questions about the connection between stock price fluctuations and crypto operations. This has sparked speculation about SharpLink’s liquidity needs and market positioning. While recent trading activity shows a shift towards selling Ethereum, analysts point to potential long-term strength, with targets exceeding current levels even as high as $35. Key indicators such as CMF (Chaikin Money Flow) show gradual gains in money flow, while the OBV (On-Balance Volume) indicator needs to surpass 164.67M for a significant bullish signal. Despite Ethereum’s market uncertainty and its influence on the company’s stock price, analysts highlight that SharpLink remains strategically positioned for potential growth. If support at $9.80 is maintained, a potential surge of up to 70% to near $29 could be realized, aligning with historical supply zones and Fibonacci levels. This upward movement would further solidify the company’s long-term potential, according to analysts who predict an even higher target price of $35. SharpLink stock remains in a dynamic phase as it navigates its connection to Ethereum’s market trends.