SharpLink: Resumes 5000 ETH Purchases After 8 Months

SharpLink received 5000 ETH worth $7.85M from FalconX six hours ago, marking its first purchase in eight months and lifting total holdings to 876285 ETH valued at $1.4B including 22102 ETH from staking.

Its average entry sits near $3609, leaving an unrealized loss of $1.71B as ETH trades at $1560.34. On the 4h chart, price hovers inside the Bollinger Bands near lower support at $1537.15 while the EMA50 at $1674.65 and EMA200 at $1829.05 cap upside; the MACD death cross at -37.52 reinforces bearish structure even as RSI at 32.58 shows neutral momentum, suggesting any bounce toward upper band resistance at $1742.97 faces stiff selling before retesting those moving-average levels. This whale accumulation may shift ETH price prediction models for large holders tracking institutional flows and crypto market crash scenarios.