Ethereum is barely holding above the critical $3,000 level as the broader crypto market battles intense selling pressure. Fear remains elevated, liquidity is thinning, and investors are bracing for more volatility. Yet despite the drawdown, some analysts argue that this environment is beginning to look like a classic oversold setup, one that has historically offered strong accumulation opportunities for long-term players.

Adding to the intrigue, new data from Lookonchain reveals unusual on-chain activity involving a wallet potentially linked to SharpLink Gaming. The move has sparked intense speculation across the market, as large OTC transactions often signal strategic repositioning by institutional players rather than panic selling.

This activity stands out at a moment when Ethereum is

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