Bitmine: Adds 100000 ETH After Market Dip

Bitmine purchased another 100000 ETH worth $163 million last night as ETH tracked US equities lower, pushing its treasury closer to the stated 5% supply target of 6 million tokens.

With 400000 ETH still required to hit that threshold, the firm led by Tom Lee remains the most aggressive corporate accumulator in the market. ETH price prediction models now hinge on whether accumulation pauses once the 5% mark arrives next month. On the 4h chart, price at $1636.96 sits inside the Bollinger Bands with lower support at $1580.97 and upper resistance at $1722.92; the bearish structure defined by EMA50 at $1726.93 and EMA200 at $1992.51 keeps overhead pressure intact, yet the MACD golden cross at -13.43 and neutral RSI of 42.34 point to a potential short-term bounce toward the 50-EMA before any deeper test of band support.