Bitmine: Acquires 13,000 ETH for $24.36M
Bitmine buys 13,000 ETH ($24.36M) from BitGo; ETH at $1880.29 on 4h chart with bearish EMA50 resistance at $1899.
SourceAnalysis
Bitmine, tied to Tom Lee of Fundstrat, purchased another 13,000 ETH worth $24.36 million from BitGo two hours ago.
Price sits at $1880.29 inside the Bollinger band on the 4h chart. EMA50 at $1899.04 caps upside as resistance while EMA200 at $1846.5 offers support below. MACD death cross at -5.72 reinforces bearish momentum even as RSI at 38.98 stays neutral, pointing to consolidation ahead of any sustained ETH price prediction shift.
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