SharpLink Gaming Don Pass 285,894 ETH, Dem Stake 99.7% as ETH Dey Hold $3K
SharpLink Gaming don dey continue their aggressive ETH buying, dem buy 74,656 ETH (≈$213 million) between July 7–13 at average price of $2,852 plus extra 10,000 ETH directly from Ethereum Foundation. For their latest move, the Nasdaq-listed company add 5,188 ETH, make their total hold reach 285,894 ETH—the biggest institutional Ethereum reserve. Since SharpLink begin use ETH as their main reserve asset, dem don stake 99.7% of their ETH holdings, earn around 415 ETH for staking rewards, including 94 ETH last week. This ETH buying happen as Ethereum still dey hold $3,000 support level even as Bitcoin drop under $116,000 because of whale selling. Technical indicators like “triple RSI bounce” and intact macro upward channel, plus continuous institutional ETH buying support forecast for possible breakout to $5,000. Traders suppose watch short term rallies above $3,000 and steady bullish trend wey dey driven by reduced circulating supply and stronger network security.
Bullish
SharpLink ongoing ETH accumulation plus 99.7% staking rate dey reduce circulating supply and e dey strong network security, wey dey reinforce bullish outlook for ETH. Di company latest buy don boost dia holdings to record 285,894 ETH, and technical indicators—triple RSI bounce plus intact upward channel—support forecast say breakout go reach $5,000. Short term, Ethereum strong $3,000 support even though Bitcoin weak, e mean say e fit rally pass $3,000. Long term, continuous institutional ETH accumulation go maintain steady upward price pressure.