BitMine: Acquires 53501 ETH for $131 Million

BitMine purchased 53501 ETH for $131 million, raising its total stack to 5901112 ETH at a $2511 average entry price.

Price sits at $2441.67 inside the Bollinger band with upper resistance at $2508.78 and lower support at $2405.23. The structure remains bullish above the EMA50 at $2422.69 and the EMA200 at $2168.07, yet the MACD death cross at -3.64 and neutral RSI of 46.86 point to near-term consolidation before any sustained move. Institutional desks tracking ETH price prediction flows will watch whether the next leg tests the 50-EMA support or reclaims the upper band for continuation.