- SharpLink acquired 14,933 ETH via a $108.57 million USDC transaction, increasing its total holdings to 464,209 ETH.
- Ethereum traded at $3,496.41 after a 6.57% weekly drop, with its market cap falling to $422.05 billion.
- Technical indicators show Ethereum remains in an upward channel, with support near $3,200 and resistance at $4,200.
SharpLink has intensified its Ethereum accumulation, recently acquiring 14,933 ETH in a $108.57 million USDC transaction. This move brings its total ETH holdings to 464,209, valued at approximately $1.63 billion. The acquisition comes amid Ethereum’s price retreat from recent highs, as technical indicators signal a potential continuation within an upward trend channel.
SharpLink Acquires 14,933 ETH in Latest Crypto Purchase
According to a report by Arkham, SharpLink has conducted another Ethereum acquisition on-chain. The firm executed a $108.57 million USDC transaction, which resulted in the receipt of 14,933 ETH valued at $52.56 million three hours later.
This recent transaction reflects continued activity from SharpLink within the Ethereum market . The company now holds a total of 464,209 ETH. The value of SharpLink’s Ethereum portfolio now stands at $1.63 billion. SharpLink has been on accumulation spree with it portfolio showing positive readings.
As of press time, SharpLink Gaming’s portfolio value stands at $898.48 million, recording a 2.22% decline. The top asset is ETH, with 155.891 ETH worth $546,870, down 2.29%. Other holdings include 322,005 LPUSS, valued at $165.11, and 69,696 CROAK, worth $73.21.
DTC holdings stand at 10,000 tokens, valued at $20.39. SharpLink also holds 30,001 CWC . 7.78 million XEN, and 0.3 NILE tokens. The USDC balance remains at 0.0149, valued at $0.015. Portfolio growth rose sharply in June, then peaked in late July. Recent data shows a downward trend in the total balance. Ethereum remains the largest holding by value across all assets in the account.
Ethereum Current Market Action Revealed
Tracking the ongoing price trend, CoinMarketCap data reveals that Ethereum traded at $3,496.41 after declining 6.57% over the past seven days. The price dropped from above $3,800 to current levels, marking a sharp downturn since July 31. The daily market cap decreased 3.48%, reaching $422.05 billion.
Source: CoinMarketCapEthereum’s 24-hour trading volume fell 18.93% to $33.99 billion. The price chart shows a steady fall from July 30, continuing through August 2. The fully diluted valuation stands at $421.98 billion. Total and circulating supply both remain at 120.7 million ETH. Price volatility increased during the observed period as red candles dominated the trend. The $3,500 level acted as a temporary support zone during recent intraday movement.
Is this Technical Indicator the Secret for SharpLink Accumulation?
According to a TradingView Technical analysis, it is notable that after bouncing within a well-defined upward regression channel, the ETH price touched a high of $3,536.77 and a low of $3,455.00 within the same session. Recent movement shows a slight pullback from the channel’s top boundary.
Source:
TradingView (ETH/USD Chart)
The RSI stands at 53.95, down from a peak of 75.40, showing decreased upward strength. The MACD line has crossed below the signal line, with values at -58.39 and 194.96, confirming slowing momentum. Support lies near the lower trendline around $3,200. If Ethereum holds above this level, the asset may reclaim the $3,800 range and potentially target $4,200 over the coming months. Continuation depends on channel preservation and volume support.
