On a bright Saturday, the sun shone cheerily upon America, and the Ethereum price danced past $4,330-its first flirtation with such heights since the euphoric days of the late 2021 bull rush. It was as if the cryptocurrency had donned its Sunday best, primed to charm the wallets of the weary anxious for a revival. All the while, corporate titans were reading the winds, and one name gleamed in the headlines like a mirage in a desert: SharpLink Gaming. They brought the chatter, and the ethers weaved the momentum.
In this fresh gust of institutional enthusiasm, a certain Nasdaq-listed entity, Fundamental Global-soon to bask under the snappier title of FG Nexus-strutted into the fray with a bombastic $5 billion shelf registration aimed at the watchful eyes of the US Securities and Exchange Commission. The goal? To carve out a tiny ten percent slice of the Ethereum pie. It’s a bold ambition that spins dreams of becoming the biggest corporate hoarder of this second-largest digital gem.
Ethereum Price Action and Fundamental Global’s Ambition
Now, if this ambitious scheme comes to fruition, FG Nexus might just stack its treasures right alongside giants like BitMine, boasting a respectable $3.5 billion haul of Ethereum, or maybe even outshine SharpLink, who’s not too shabby with their $2.2 billion in crypto loot.
The shelf registration-a title that sounds grandiose enough to be a Hollywood blockbuster-is among the heftiest ever unveiled for a digital asset treasury. It includes a charming little “at-the-market” prospectus that allows for up to $4 billion in common stock sales. Oh, the imagination runs wild! They’ve crafted a plan so flexible it would put a yoga master to shame, raising capital incrementally while deploying it into ETH when the stars align just right. And there’s a spare $1 billion lying around-like an errant doge coin-available through preferred shares, debt, or whatever other fancy securities they might conjure. Talk about having a few tricks up your sleeve!
Ethereum (ETH) Funding Rates vs Price | Coinglass, Aug 10, 2025
Even with Ethereum sporting its double-digit gains over the past week like some fashionably over-the-top accessory, traders dug in with even more bullish fervor. According to the wise sages of Coinglass, ETH perpetual futures funding rates have surged by a staggering 320% in just three short days, leaping from a modest 0.0024% on August 7 to a dazzling 0.012% at the time of writing. Nothing calls for a party like a hefty funding rate, right?
Ah, funding rates-those pesky little fees paid between long and short traders to keep their leveraged bets alive! When they balloon, as they have here, it hints that the majority of short-term ‘longs’ are racing to keep their bullish rides going. Clearly, they’re feeling frisky about the prospects of an ETH price party rolling on.
ETH Price Forecast: Bulls Eye $4,600 Breakout While $3,950 Remains Key Support
Looking through the cracked lens of technical analysis, Ethereum’s triumphant rise above $4,330 and its valiant efforts to stay above the upper Bollinger Band on the daily chart spell out some robust bullish momentum. As of now, that price rally enjoyed support from the middle band (the classic 20-day moving average) hovering around $3,765. Oh, but let’s not forget the MACD, revealing widening positive histogram bars like fireworks in the sky, suggesting the upward march may very well continue!
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2025-08-11 02:41