SharpLink CEO "Ethereum, down 55%, can counterattack"...Reveals 3 major catalysts for surge

▲ Ethereum (ETH)

With Ethereum (ETH) down 55% from its all-time high, SharpLink CEO Joseph Chalom diagnosed that three catalysts are needed for Ethereum's price to regain strong upward momentum.

According to Cointelegraph on May 16 (local time), Chalom, in a Cointelegraph Chain Reaction interview, cited the passage of the US crypto market structure bill as the first catalyst for Ethereum's rise. This statement came on the day when all 13 Republican senators and 2 Democratic senators on the US Senate Banking Committee voted in favor of advancing the US crypto market structure bill.

Chalom explained that while the bill aims to provide a clearer regulatory environment for the US crypto industry, it is not merely an internal US phenomenon. He stated that major Asian financial hubs such as Korea, Hong Kong, Tokyo, and Singapore are closely watching the US's movements, and other countries are wary of the possibility that the US might move away from its hostile stance on cryptocurrencies and digital assets and regain financial leadership.

The second catalyst is the recovery of market preference for risk assets. Chalom believes that for the crypto market to rise again, geopolitical tensions must ease, and the artificial intelligence investment narrative must cool down. He explained that cryptocurrencies can only rise again when some of these factors subside. SharpLink Gaming is the second-largest listed Ethereum treasury company, holding approximately 861,251 ETH, with the value of these holdings presented as $1.89 billion at the time of writing.

Ethereum reached an all-time high of $4,823 in August 2025 amidst a broad market uptrend, but has since fallen 55% to $2,190 as of the time of writing. The third catalyst presented by Chalom is the expansion of real-world asset tokenization. He stated that Ethereum will occupy a dominant position in the realm of financial asset tokenization.

Chalom mentioned that the current scale of tokenized real-world assets is approximately $32 billion. He explained that while the growth rate has been very slow considering tokenization started in 2017, announcements of entire fund units being tokenized have recently begun to emerge. He further predicted that within a year, the world could see tokenized assets not remaining at the $30 billion level, but growing to $500 billion or even $1 trillion.

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