$4,500 Breached: ETH Drops as SharpLink’s Report Sends Shockwaves

Ethereum dipped 2% after SharpLink Gaming reported $103M losses despite growing its ETH treasury to 728,000 ETH (~$3.2B).

The losses are mostly non-cash due to accounting rules, not selling assets.

ETH failed to hold $4,500 and could find support near $4,100 or even $3,500 if it drops further.

If it reclaims $4,868, a move toward $5,000 could happen.

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