Bitmine: 75,000 ETH Received From Kraken

Bitmine took delivery of 75,000 ETH ($122.29M) from Kraken and FalconX across three wallets, two of them newly created.

Price sits at $1640.5 inside the Bollinger band on the 4h chart with EMA50 resistance at $1727.07 and EMA200 at $1992.54; MACD golden cross at -13.14 offers mild bullish momentum while RSI at 43.07 stays neutral, pointing to a probable test of upper band resistance near $1722.96 before any move toward lower support at $1581.28. This wallet activity feeds directly into ETH price prediction models, crypto market crash hedging flows, and AI industry impact on institutional ETH demand over the past year.