Bitmine: Acquires 40000 ETH for $71.6M

Bitmine controlled by Tom Lee of Fundstrat purchased another 40000 $ETH worth $71.6M from FalconX and Kraken eleven hours ago.

Price action shows ETH at $1758.65 inside Bollinger Bands with upper resistance at $1801.61 and lower support at $1753.46 while EMA50 at $1728.84 and EMA200 at $1748.37 act as layered support in the ongoing bullish trend structure. Momentum reads neutral at RSI 49.69 yet MACD registers a bearish death cross at 15.47 suggesting short-term exhaustion before any continuation toward higher targets. ETH price prediction models now factor this fresh institutional accumulation against broader crypto market crash risks seen over the past six months with BTC flows providing the dominant macro backdrop.