The largest subcoin Ethereum (ETH) $4,215.81On Saturday, August 10, over 4 thousand 330 dollars to the end of the bull cycle at the end of the end of the first time re -tested this level. In the rise, the corporate treasury race factor stands out. Finally Nasdaq Koteli Fundamental Global (soon FG Nexus), on August 8, a “Shelf Registration” of 5 billion dollars to the SEC to finance the Ethereum Treasury strategy explained. The company aims to accumulate in size, which corresponds to 10 percent of the total ETH supply.
FG Nexus’s $ 5 billion Ethereum plan
According to the official announcement, FG Nexus created a comprehensive securities ceiling to position Ethereum as a corporate treasure presence. The prospective “AT-The-Market” (ATM) prospectus in the registration authorizes direct public shares up to 4 billion dollars. When the market conditions are appropriate for this flexible structure, the gradual fund supply and Eth It enables it to be purchased. The remaining capacity of $ 1 billion can be evaluated on privileged stocks, borrowing or other securities.
The company’s ultimate goal is to reach 10 percent of ETH’s total supply. This scale will bring FG Nexus to one of the largest corporate Ethereum investors in the world. According to the comparisons sampled in the text Finishing3.5 billion dollars and SharplinkETH positions of 2.2 billion dollars of ETH positions constitute the reference framework of the planned size. The size of the registration holds a significant place among crypto currency treasure programs.
ETH price, funding and technical view
The price of ETH on the price of 4 thousand 300 dollars overlapping the corporate treasury narrative in recent weeks. CONSS DATA The funding rates in the futures markets show that it increased by 0.012 percent to 0.012 percent during the spelling at the level of 0.0024 percent on August 7, 320 percent in three days. The funding refers to the periodic fee paid between leveraged Long and Short positions. The increase in the rate indicates that short -term long positions maintain the expectation of rise, taking into consideration the higher cost.
In Ethereum, the technical appearance is also strong. The closing and price of 4 thousand 330 dollars in the daily graph Bollinger band Taking on it supports trend acceleration. The average of 20 days, which is the middle band, is traced around 3 thousand 765 dollars. MacdIt shows that the expanding positive histogram rise is preserved. In the short term, the target of buyers is 4 thousand 600 dollars, while 3 thousand 950 dollars is the closest support level. This threshold is the second level of defense, which corresponds to the 20 -day average of 3 thousand 765 dollars.
Ethereum while the news is prepared, CryptoappsyAccording to the data of the last 24 hours with an increase of 1.77 percent of 4 thousand 296 dollars is traded.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
