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7/10/2026 1:11:00 AM

Bitmine: Acquires 20500 ETH from Galaxy Digital

Bitmine: Acquires 20500 ETH from Galaxy Digital

Bitmine buys 20500 ETH ($35.92M) from Galaxy Digital as ETH trades at $1750.95 with neutral RSI on 4h chart.

Source

Analysis

Bitmine, the vehicle tied to Tom Lee of Fundstrat, purchased another 20,500 $ETH worth $35.92 million from Galaxy Digital six hours ago.

Price sits at $1750.95 inside the Bollinger Bands on the 4h chart, testing upper resistance at $1800.97 while the 50-EMA at $1734.54 and 200-EMA at $1744.64 act as layered support beneath a neutral RSI of 50.15 and a MACD death cross at -1.62; this confluence points to a likely pullback toward the 50-EMA before any sustained push higher, shaping near-term ETH price prediction models for institutional desks.


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