SharpLink Sends 379M USDC To Galaxy Digital: Ethereum Buy Coming? 🚀

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Ethereum keeps impressing with its staying power. Demand hasn't faded despite prices going nowhere special lately. ETH sits in a narrow range. Bitcoin's being cautious too. Some altcoins show life though.

Behind the scenes? Institutional money seems to be quietly piling into Ethereum. Maybe setting up something big 📈

Lookonchain just spotted SharpLink moving a whopping $379 million USDC to Galaxy Digital. Probably for buying more ETH. Kind of surprising they'd move that much at once! This massive transfer suggests big players aren't scared off by market swings. They're loading up. Waiting for something to break loose 🔥

SharpLink Gaming is among the first Nasdaq companies with an ETH treasury strategy. Big deal for corporate adoption. They're treating Ethereum like a serious reserve asset. Not just for trading anymore.

SharpLink's ETH Treasury Growing 💼

Official word from SharpLink: they've stacked up 837,200 ETH by August 31, 2025. That makes them one of the biggest corporate holders. No signs of slowing down.

Just one week! They bought another 39,008 ETH by August's end. New highs for their balance sheet. They raised $46.6 million through their at-market facility. Smart capital raising. Average purchase? $4,531. Buying near all-time highs. Ballsy move while ETH consolidates 🌕

They're now the second-biggest ETH treasury company. Only BitMine has more with over 2 million ETH worth about $9.2 billion. It's not entirely clear why so many institutions suddenly want Ethereum for the long haul. But they do.

ETH Market: Sideways Action 📊

Ethereum trades at $4,436. Up 2% today. Finally waking up after a boring September. The 12-hour chart shows it bouncing between tight levels, staying above $4,200 (about 5,776 CAD). Price keeps testing $4,450 resistance.

The 50 SMA sits at $4,407. Support now. Stronger support at $4,182 from the 100 SMA. The 200 SMA? Way down at $3,460. Bulls still in control overall. As long as $4,200 holds, up seems the path of least resistance.

Next hurdle? $4,600. It's been a brick wall lately. Break that? ETH could visit $4,800-$5,000 pretty quick. Might kick off something bigger 🚀

USDC0.02%
ETH3.85%
BTC2.13%
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