Bitmine: Accumulates 40K ETH

A mysterious new address, suspected to tie back to Bitmine, snapped up 40,000 ETH over the past 24 hours, pulling twice from FalconX for a total haul of $90.64 million at an average price of $2266. This aggressive accumulation, tracked at wallet 0x448…aD525, fuels speculation on institutional plays in the crypto market, especially as Bitcoin (BTC) trends mirror broader volatility.

On the 4-hour ETH chart, price action clings to $2248.6 amid a clear bearish structure, with the EMA200 at $2252.77 acting as immediate overhead resistance while the EMA50 looms higher at $2306.35 to cap any upside bursts. MACD flashes a death cross at -17.47, underscoring weakening momentum, yet neutral RSI at 39.92 hints at room for a bounce before volatility bands tighten—price trades inside the Bollinger envelope, eyeing lower support at $2220.53 if sellers pile in, or a push toward upper resistance at $2365.17 on fresh buying confluence, positioning savvy traders for a retracement play ahead of macro shifts in ETH price prediction scenarios.