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ETH news update: Can SharpLink Gaming, BitMine treasuries send Ether to $4K?

The Cointelegraph β€‹

Cryptocoins News / The Cointelegraph β€‹ 132 Views

Public firms like SharpLink and BitMine are racing to stockpile Ether, fueling speculation that renewed treasury demand could help push ETH toward $4K.

Key point:

Ether shows signs of being overbought, but a shallow pullback suggests the bulls are not hurrying to the exit.

SharpLink Gaming and BitMine Immersion Technologies have been on an Ether (ETH) buying spree to take the mantle of the largest public ETH holder. BitMine claimed the top spot after it reported holding 300,657 ETH on Thursday, but Sharplink overtook it after the latest round of purchases last week, which boosted its holding to 360,807 ETH.

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