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ETH Strategy Profit Resilience Amid Weekend Selloff
Over the weekend, ETH pulled back about 9% from its intraday highs, yet Bitmine and SharpLink reportedly remained profitable on ETH-focused strategies. Crypto analyst AB Kuai.Dong (@_FORAB) with roughly 25k X followers cited Bitmine’s estimated average buy at $3,827 with an unrealized gain of about 13.8% at the current price of $4,331, and SharpLink’s estimated average buy at $3,571 with unrealized gains around 22%.
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Analysis
The report centers on post-ETH price action where a material weekend pullback did not erode the profitability of specific ETH-focused strategies managed by Bitmine and SharpLink. The cited unrealized ...
Recommendation
Maintain a cautious optimism: acknowledge the profitability at current cost bases, but avoid over-allocating to ETH-centric strategies without clear risk controls. Reassess stop-loss thresholds and dy...
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.