FG Nexus Don File $5B ETH Shelf Registration as Ethereum Don Pass $4,330
Institutional investor FG Nexus (wey be Fundamental Global before) don file $5 billion shelve registration wit US SEC to buy up to 10% of Ethereum circulating supply. The prospectus authorize $4 billion for at-the-market common stock sales and $1 billion via preferred shares or debt, make dem fit gather ETH small small when market conditions good. After dem announce, ETH break pass $4,330—the highest since end of 2021—and settle above the upper Bollinger Band with MACD histogram dey rise. Key support dey for $3,950 and $3,765, plus futures funding rates don jump 316% in three days, show say market get strong bullish feeling. This institutional plan ready to boost demand and push momentum to reach $4,600 breakout.
Bullish
Di SEC filing wey FG Nexus do for $5 billion ETH shelf registration dey signal say large-scale institutional accumulation dey happen, weh e go directly increase long-term demand for Ethereum. Di technical breakout pass $4,330—wey dem confirm say close pass di upper Bollinger Band and di MACD histogram dey rise—together with di sharp increase for futures funding rates (316% surge for three days) dey show say strong short-term bullish momentum dey. All dis factors combine mean say di upward pressure go steady, and traders fit dey target $4,600 breakout while dem dey watch support levels for $3,950 and $3,765.