SharpLink Gaming Adds Another 18,680 ETH Worth $66.63 Million to its Strategic Ethereum Reserve

• SharpLink Gaming adds another 18,680 $ETH.
• This amounts to $ETH worth $66.63 million added to its Strategic Ethereum Reserve.
• The price of $ETH is expected to surpass $10,000 this bull cycle.

The price of $ETH sits under the $4,000 price range and is currently trading at the $3,600 following the latest crypto market dip, which took $ETH to $3,400. Amid this recovery phase, institutions have accumulated more $ETH. SharpLink Gaming adds another 18,680 $ETH worth $66.63 million to its strategic Ethereum Reserve. The entity now holds a total of $1.8 billion worth of $ETH.

SharpLink Gaming Adds Another 18,680 $ETH

Over the last few weeks, the price of Ethereum has had a rollercoaster of a run. In detail, the price of Ethereum ($ETH) broke past $3,800 and $3,900, leading many analysts to believe that the next breakout would be at the 4,000 price range, allowing $ETH to hit a new trend high of $4,200. However, a short market correction sent the price of $ETH tumbling to the $3,400 price range instead.

While a few traders panic-sold their $ETH holdings, seasoned analysts, long-time $ETH whales, and financial entities went on to heavily accumulate $ETH instead. These figures say the dip is a golden opportunity to accumulate more $ETH amidst a dip where the price of $ETH remains below $4,000. Most analysts believe that accumulating $ETH under $4,000 is a steal as the asset has yet to reclaim its previous $ATH price.

As we can see from the post above, SharpLink Gaming is one such entity. In detail, the entity just added another 18,680 $ETH worth $66.63 million to its strategic $ETH reserve. They now hold 498,884 $ETH worth $1.8 billion. Another entity that bought the dip in Tom Lee’s Bitmine Immersion, whose 208,137 $ETH purchase has now made the entity the largest $ETH holders in the world.

The Entity holds a Total of 598,884 $ETH

Several analysts note that this increased institutional accumulation, supply crunch, and bullish network activity will lead to an epic $ETH price rally soon. Most analysts believe an $8,000 to $10,000 $ETH $ATH price target is inevitable. Some even expect the price of $ETH to set new ATHs in the $15,000 to $20,000 price range for this bull cycle, saying that these targets could even arrive this year.

As we can see from the post above, this reputed crypto analyst sees that $ETH is repeating its 2016-2017 bull pump. He notes that the last time this pattern occurred, the price of $ETH pulled a 10x pump in a matter of months and expects the same bullish pump to occur this bull cycle as well. In fact, he states that this time $ETH has more liquidity, more adoption, and institutional firepower behind it, pointing to an even higher pump this cycle.