๐ข Institutional #Ethereum Purchase | SharpLink
SharpLink has purchased a total of 83,561 $ETH at an average price of $3,634, amounting to approximately $264.5 million.
๐ Such large-scale institutional purchases signal ongoing interest in Ethereum from major players, indicating that long-term investors are willing to enter positions at these levels.
๐ On-chain data shows increased wallet activity and large buy orders in recent days suggesting that strong hands may once again be active on the $Ethereum side.
๐ง Institutional investors typically focus on mid- to long-term trends rather than short-term fluctuations. This move may suggest that $ETH will remain on the institutional radar in the coming periods.
โผ๏ธ This is not investment advice
