Bitmine: Adds 27,084 ETH Despite $10.25M Loss

Bitmine purchased 27,084 ETH for $42.95M, lifting its position to 5,700,040 ETH valued at $9.03B while sitting on a $10.25M unrealized loss.

Price action on the 4h chart shows ETH trading at $1580.61 inside the Bollinger band with upper resistance at $1599.2, while the bearish structure keeps EMA50 at $1619.71 as immediate resistance and EMA200 at $1784.31 as the longer-term ceiling; the MACD golden cross at -12.45 offers early momentum relief yet neutral RSI at 45.74 points to a likely test of lower support at $1556.23 before any sustained move higher.