Ethereum tops $3,900 as Sharplink buys another 77.2K ETH
Ethereum exchanged $ 3,908 at the time of the press, earning 3.2% in the last 24 hours and 61% in the last 30 days.
Summary
- Ethereum is negotiated over $ 3,900, up 61% in 30 days.
- Sharplink bought 77K ETH, passing his total to 438K ETH.
- Ethereum’s optimistic momentum remains intact in the middle of a high expansion of RSI and Bollinger bands.
The price rebounded by a recent $ 3,530 lower on July 24 and now pushes $ 4,000, a key psychological price level. The increase in derivatives and commercial activity suggests that the interest of investors increases.
The negotiation volume increased to 32.95 billion dollars in the last 24 hours, an increase of 47.3% compared to the day before. According to Coinglass dataOpen interests increased by 7.72% to $ 59.94 billion, while the volume of derivatives 24 hours a day increased by 61.44% to 89.16 billion dollars, which indicates that traders are positioned for volatility.
The total open interest of Ethereum (Ethn)) Contracts on the network have now exceeded $ 60 billion, fixing a new record. Recent gains coincide with a fee wave Ethereum institutional accumulation.
Sharplink extends the ash treasure assets
According to Lookonchain, the blockchain data show that the Sharplink game and data firm bought 77,210 ETH additional, worth around $ 295 million on July 28. This brings his assets in TOTH totals to 438,017, or about $ 1.69 billion in value. Most of this ETH is attached through platforms as listed and hoppers Dapp.
Sharplink’s purchases of ETH are funded by an ambitious shares for the sale of shares. The company has expanded its equity target From $ 1 billion to $ 6 billion, having already raised $ 721 million, including a private internship of $ 425 million supported by Consensys, Pantera, Parafi and Electric Capital.
The company is established as the holder of the long-term institutional ETH, the co-founder of Ethereum, Joseph Lubin portion As a CO-PDG. Sharplink would hold more than a million ETH, or around 1% of the total supply, if it achieves its objective of acquiring ETH.
According to the ETH strategic reserve dataThe company is now the second largest ETH holder, just behind Bitmin Immersion Tech, which currently contains 566,000 ETH.
Ethereum technical perspectives: the bullish momentum is strengthened
The daily graphic of Ethereum shows a sustained bullish momentum. The price has constantly closed above 20 days SMA, which now acts as short-term support at $ 3,432. The expansion of Bollinger’s bands shows increased volatility, and the ETH rises in the upper strip, which is generally a bull’s bull’s line.
With a relative resistance index of 82.89, the market is exaggerated. In general, readings greater than 80 are before brief drops or periods of consolidation. But as the RSI line is not yet bent down, the momentum is still present.
Unless the price ends below $ 3,600 support, the upward trend is still in place. A thrust above $ 4,000 would confirm the escape force, with the next key level at $ 4,168. Ahead, a decrease below the 20 -day SMA could trigger a retracement to $ 3,250.
Post Comment