Bitmine: Acquires 7,500 ETH From BitGo

Bitmine, the vehicle tied to Tom Lee of Fundstrat, purchased another 7,500 ETH worth $14.61 million from BitGo five hours ago.

ETH sits at $1875.37 with price action pinned below the EMA50 resistance at $1896.15 and above the EMA200 floor at $1812.81; the MACD death cross at 7.71 reinforces the bearish structure while RSI at 42.35 keeps momentum neutral inside the Bollinger band range of $1824.22 to $1976.37.