Bitmine: $131M ETH Purchase Largest Since June

Bitmine executed the largest ETH purchase since June, acquiring $131M worth of the token.

Price sits at $2467.84 inside the Bollinger Bands on the 4h chart, testing upper resistance at $2509.78 while the 50-EMA at $2423.72 and 200-EMA at $2168.33 anchor the bullish structure. RSI at 52.22 shows neutral momentum and the MACD death cross signals short-term caution, pointing to a likely retracement toward the 50-EMA before any extension higher. Institutional accumulation like this often precedes sustained moves in ETH price prediction models and reflects broader institutional crypto buying patterns over the past year.