BitMine: Adds $151M Ethereum on Price Slide

BitMine Immersion Technologies added $151 million in Ethereum during last week’s price slide, with Tom Lee calling the move an attractive opportunity.

Price sits at $2096.58 on the 4-hour chart inside a clear bearish structure below the EMA50 at $2224.93 and EMA200 at $2260.82. The RSI at 24.46 flashes oversold while the MACD death cross at -38.76 keeps downside pressure intact, yet the lower Bollinger Band support at $2091.71 now acts as the immediate floor that could trigger a relief bounce toward upper-band resistance at $2254.65 before any sustained ETH price prediction shift following this institutional accumulation during the crypto market correction.