Sharplink: Buys Ethereum First Time in 2026

Sharplink purchased Ethereum for the first time in 2026 while ETH trades at $1572.34, down 68% from its peak.

Price action reveals a bearish trend with EMA50 at $1612.22 capping upside and EMA200 at $1770.41 defining major resistance. The token sits inside Bollinger Bands, testing upper resistance near $1613.88 as RSI(14) holds neutral at 44.58. MACD shows a bullish golden cross at -6.98, hinting at short-term momentum despite the larger downtrend. Institutional buyers entering at these levels often target the lower band support at $1551.91 before any sustained recovery. Ethereum treasury purchases like this one frequently coincide with periods of elevated volatility and compressed multiples across digital assets.