BitMine: Adds $139 Million Ethereum Before Trading
BitMine acquires $139 million in Ethereum as preferred share trading begins, with ETH at $1815.56 showing overbought RSI and bullish MACD on 4h chart.
SourceAnalysis
BitMine controlled by Tom Lee purchased $139 million in Ethereum just before preferred share trading launches.
ETH trades at $1815.56 above the upper Bollinger Band at $1770.84 with RSI at 77.97 flashing overbought conditions while MACD holds a golden cross at 24.16. Price action sits between EMA50 support at $1698.02 and EMA200 resistance at $1909.62, suggesting a probable retracement to the 50-EMA before continuation. This accumulation aligns with institutional positioning amid recent ETH price prediction models and broader crypto market flows.
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