SharpLink: Buys 29,196 ETH for $46.7 Million

SharpLink purchased another 29,196 ETH for $46.7 million, lifting its three-day accumulation to 39,196 ETH worth $62.4 million according to on-chain data from @lookonchain.

ETH price prediction models now factor in sustained institutional ETH buying amid neutral momentum signals. On the 4-hour chart ETH sits at $1571.49 inside the Bollinger Bands, with price testing upper resistance near $1641.5 while the EMA50 at $1638.07 caps upside in the prevailing bearish structure defined by the EMA200 at $1803.49; RSI at 41.04 remains neutral yet the MACD golden cross at -22.01 hints at building downside momentum that could target the lower band support of $1531.49 before any reversal.