Bitmine: Adds 7,500 ETH in Fresh Accumulation

Bitmine took delivery of 7,500 ETH valued at $14.61 million from BitGo four hours ago, extending its weekly accumulation streak.

Bitcoin treasury firms such as MicroStrategy hold 843,775 BTC while Bitmine now controls 5,787,414 ETH after last week’s 9,946 ETH purchase at roughly $1,897.

Price action on the 4h chart shows ETH at $1886.92 sitting below the EMA50 at $1896.6 yet above the EMA200 at $1812.93, with MACD printing a bearish death cross at 8.63 and RSI at 44.72 leaving room before oversold territory; the position inside the Bollinger Bands between $1825.42 support and $1976.32 resistance points to a likely test of the 50-EMA before any sustained move higher.