Ethereum Price Prediction: A Forgotten Bull Signal as SharpLink Loads Up on ETH After 8 Month Hiatus
$ETH
SharpLink Gaming just broke an eight-month silence on Ethereum, and could likely flip its price prediction. ETH itself is currently on a downtrend, barely holding above a structural trendline break.
Just a few hours ago, SharpLink added 5,000 ETH to its treasury after an eight-month pause, resuming accumulation despite sitting on a reported $1.71 billion unrealized loss on its existing position.
It’s not pretty, but buying through a nine-figure drawdown shows conviction, and it echoes institutional treasury accumulation logic that preceded major Bitcoin re-ratings when Strategy held through similar paper losses. The move also landed while spot ETH ETF inflows remain inconsistent, which makes the corporate bid marginally more significant as a demand signal.
Not just Ethereum, derivatives activity hit record levels this week alongside the SharpLink announcement. But what’s next for ETH? Can it break its downtrend?
$ETH
SharpLink Gaming just broke an eight-month silence on Ethereum, and could likely flip its price prediction. ETH itself is currently on a downtrend, barely holding above a structural trendline break.
Just a few hours ago, SharpLink added 5,000 ETH to its treasury after an eight-month pause, resuming accumulation despite sitting on a reported $1.71 billion unrealized loss on its existing position.
It’s not pretty, but buying through a nine-figure drawdown shows conviction, and it echoes institutional treasury accumulation logic that preceded major Bitcoin re-ratings when Strategy held through similar paper losses. The move also landed while spot ETH ETF inflows remain inconsistent, which makes the corporate bid marginally more significant as a demand signal.
Not just Ethereum, derivatives activity hit record levels this week alongside the SharpLink announcement. But what’s next for ETH? Can it break its downtrend?