Bitmine: Acquires 75,000 ETH for $123M

Bitmine, the vehicle tied to Tom Lee of Fundstrat, purchased another 75,000 ETH worth $123 million from Kraken and FalconX in the past eight hours.

Price action at $1643.76 shows the asset pressing against upper Bollinger resistance at $1723.02 while the EMA50 at $1727.2 caps upside and the EMA200 at $1992.58 remains distant overhead resistance; the neutral RSI at 43.84 paired with the MACD golden cross at -12.88 hints at short-term consolidation before any sustained move, shaping near-term ETH price prediction amid broader crypto market crash concerns and AI industry impact on institutional flows.