Ethereum (ETH) is showing signs of resilience, bouncing off the crucial $2,150 support level while institutional players continue to accumulate aggressively. 💪📈
🔹 ETH Price Today: $2,360
🔹 Key Buyer: Bitmine Immersion Technologies (BMNR)
🐳 Bitmine Goes All-In on ETH:
🧺 Scooped 41,788 ETH last week alone
📊 Total holdings now at a massive 4.28 million ETH
💰 Valued at roughly $10.1 billion
🔐 Staking Powerhouse:
⛓️ 2.89 million $ETH staked across three providers
📈 Increase of 888,192 ETH in just one week
💵 Projected $374 million annually from staking once fully deployed
📦 Bitmine’s Broader Treasury:
₿ 193 BTC on the balance sheet
🏭 $200M in Beast Industries
🌍 $20M in Worldcoin treasury (Eightco Holdings)
💵 $586M in cash reserves
🗣️ Why Bitmine Is Buying the Dip:
Chairman Thomas Lee called the recent ETH pullback “attractive”, citing:
📊 Record highs in transactions & active addresses
📉 ETH price fell from ~$3,000 to ~$2,300 — despite stronger fundamentals
🏦 Belief that ETH’s price does not reflect its utility or its role as the future of finance
⚠️ He also noted that soaring gold & silver prices have temporarily diverted risk appetite away from crypto.
📉 Market Pressure Still Visible:
💥 $280M in ETH liquidations in the past 24 hours
🔻 Bitmine shares down 5% on the day, 23% over the past month
📄 Paper loss of $6B+ on ETH holdings
📊 Ethereum Price Outlook:
🛡️ Strong support held at $2,150 (key base throughout 2024)
📈 Holding above $2,350 could open moves toward $2,630 → $2,880
🚨 A breakdown below $2,150 risks a deeper drop to $1,730
📉 Indicators Watch:
🔻 RSI & Stochastic Oscillator deep in oversold territory
🔄 Historically, sustained oversold conditions have often preceded strong recoveries
🔮 Bottom Line:
Ethereum is under pressure, but big money is still buying, fundamentals are strengthening, and critical support is holding. The next move could be decisive. ⚖️🔥
Is this just a shakeout… or the calm before a bigger ETH rally? 👀💎
#Ethereum #ETHPriceCatalyst #Ethpriceanalysis #TrumpProCrypto
