Ether price target shifts to $3K after SharpLink adopts ETH ‘treasury strategy’

ETH bulls find a reason to go long after SharpLink Gaming reveals plans to form a $425 million Ethereum treasury.

Key takeaways:

SharpLink Gaming establishes the first ETH treasury, backed by Ethereum co-founder Joe Lubin. SharpLink will invest $425 million to acquire 120,000 ETH.

Ethereum futures open interest hits an all-time high of $36.1 billion, with ETH price climbing 4.5% on the daily chart.

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