SharpLink Gaming purchased an additional 77,210 ETH over the weekend for 295 million USD. This transaction increases their total Ethereum holdings to 438,017 ETH, valued around 1.69 billion USD.
The accumulation by SharpLink signifies a notable trend of institutional inflows into Ethereum. As a result, ETH’s price rose 3% to 3,876 USD, reinforced by bullish technical indicators.
Technical analysis indicates strong support for ETH at 3,523 USD. Analysts project a potential rise to 4,200 USD and further to 4,800 USD in the near future, driven by institutional backing.
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