SharpLink: Buys 5000 ETH for $7.88 Million

SharpLink acquired another 5000 ETH for $7.88M after an eight-month hiatus, lifting its total to 876285 ETH ($1.4B) with an average cost of $3609 and $1.71B in unrealized losses. The purchase coincides with ETH price prediction models adjusting for whale accumulation during crypto market crash concerns and AI industry impact on blockchain infrastructure. On the 4h chart ETH trades at $1576.18 inside a bearish structure with the EMA50 at $1652.95 capping upside above the EMA200 at $1815.81, yet the MACD golden cross at -32.3 signals building momentum while neutral RSI at 40.63 keeps price contained between Bollinger support at $1518.55 and resistance at $1693.02, favoring a retracement to the 50-EMA before any continuation.