Bitmine: Adds $70 Million Ethereum

Bitmine added another $70 million in Ethereum, lifting total holdings to 5.93 million ETH.

The move follows steady accumulation over the past six months as institutional wallets continue to absorb supply.

Price sits at $2482.58 inside the Bollinger Bands. With price testing upper resistance at $2515.85 while RSI holds neutral at 51.05, a healthy retracement to the 50-EMA support at $2467.04 looks probable before any continuation higher. The MACD death cross at 4.09 keeps near-term momentum capped despite the bullish EMA structure above the 200-day level at $2271.71. Traders watching ETH price prediction models now focus on whether this institutional bid can override the bearish crossover.