Key Notes

Sharplink Gaming's institutional backing validates Ethereum as a preferred corporate reserve asset for treasury diversification strategies.

ETH's technical breakout above Bollinger upper band suggests continued momentum toward the $4,100-$4,350 resistance zone ahead.

Rising institutional adoption creates favorable conditions for sustained price appreciation despite RSI approaching overbought levels.

Ethereum shattered the $4,050 resistance level on August 8, marking its highest price point since December 2024 as the digital asset posted a solid 6% daily rally.

The ETH price rally was initially triggered on August 7 by a significant announcement from strategic treasury investor Sharplink Gaming , confirming a $200 million direct offering backed by global institutional inves

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