Main Points:
Sharpink and Bitmine playing technologies are in an ether (Eth) buying a spree to pick up the mantle of Largest public eth holder. Bitmine claimed the top spot after it was reported to be holding 300,657 ETH on Thursday, but Sharplink caught it after the latest purchase of purchases last week, boosting its handling at 360,807 ETH.
Can the purchase of public companies boost the price? Let’s review the charts to find out.
ETH price prediction
The ETH turned away from $ 3,860 on Monday and damaged under $ 3,745 support, indicating a short-term consumers’ profit-income.
The ETH/USDT pair can sink to a 38.2% level of fibonacci retracement of $ 3,494. If the price bounces at $ 3,494, it indicates solid demand at the lower level. Then the Bulls will try again to drive the pair to $ 4,094.
– Cointelegraph (@cointelegraph) July 23, 2025
In particular, a break and close to the bottom of $ 3,494 can sink the pair to a 50% retraction level of $ 3,381 and subsequent to the 20-day exponential transfer of average ($ 3,234). The short-term advantage is tilt in favor of bears at a break below the 20-day EMA. The pair could then fall to $ 2,904.
Related: Doge Price gained 340% in the last time this indicator became bullish
The 20-Em in the 4-hour chart was flatten out and the RSI sank below the midpoint, indicating a balance between supply and demand. Consumers need to push the price above $ 3,860 to open the doors for the next rally leg up to $ 4,094.
Conversely, a break and near the bottom of the 50-smma suggest that the bears are trying to make a return. The pair can be plunge at $ 3,477 and eventually at $ 3,361.
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
