Ethher (ETH) remains stable above $ 3,800, according to Coindesk data, as the battle for domain between corporate ETH treasures intensifies.
On Tuesday, Sharplink Gaming (SBET) announced that it had bought additional 77,210 ETH last week, for a value of almost $ 290 million at an average price of $ 3,756. The measure increases the total holder holders of Sharplink to 438,190 ETH, valued by approximately $ 1.69 billion.
The Minneapolis -based company has now raised more than $ 279 million in net revenues during the week of July 21 through its market installation in the market (ATM). Since he launched its Treasury ETH strategy on June 2, Sharplink has aggressively increased purchases while generating a total of 722 ETH in betting rewards. The company also said that its ETH concentration ratio, which measures total ETH in relation to completely diluted shares, has increased 70% since the launch.
Despite the increase in Sharplink, Bitmine Immersion Technologies (BMNR) still leads Tesoro ETH career.
The company based in Las Vegas announced the same day as its total Eth Holdings is located at 625,000 tokens, valued at $ 2.35 billion. Bitmine also revealed a program to repurchase open shares of $ 1 billion, allowing him to buy his own shares as a flexible alternative to acquire additional ETH. President Tom Lee said the measure reflects the “calculation of expected return” while the company works towards its objective of controlling 5% of the Ethereum circulating supply.
The competition between the two companies has become an important plot in the rise of Ether.
Both companies aim to become the dominant ETH Treasury in public markets, often reflecting once common strategies among Bitcoin -centered companies such as strategy (previously Microstrategy). The former Blackrock Executive, Joseph Chalom, now co-Co-Co-Coink, emphasized the company’s alignment with Ether’s long-term value proposal and its role in the remodeling of financial infrastructure.
Ether’s price has remained remarkably resistant for a tense macroeconomic week.
The decision of the monetary policy of the Federal Reserve is due to Wednesday at 2 PM ET, without rate changes, although the comments of the president of the Fed, Jerome Powell, can trigger volatility. Despite this uncertainty, ETH has risen 56% in the last month as the demand of ETF and corporate treasure bonds exceeds the new offer.
TECHNICAL ANALYSIS
- According to the technical analysis data model of Coindesk Research, ETH quoted between $ 3,735.12 and $ 3,883.90 during the 24 -hour session from July 28, 13:00 UTC until July 29, 12:00 UTC, marking a range of 4%.
- The great accumulation at $ 3,735.12 (207,182 units) caused a rebound, raising a maximum session ETH a about $ 3,885.
- In the last hour, from 11: 32–12: 31 UTC, ETH increased from $ 3,838.34 to $ 3,850.19, violating the key resistance in a strong volume.
- The $ 3,850 zone now acts as support, since ETH consolidates near its maximums before the Fed decision on Wednesday.
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