Bitmine: Adds $74M Ethereum as Bull Market Starts

Bitmine purchased $74M in Ethereum and Tom Lee declared the crypto bull market underway.

The move aligns with ETH trading at $2732.33 on the 4h chart inside a bullish structure where EMA50 at $2558.78 and EMA200 at $2386.01 act as layered support. Price tests the upper Bollinger Band resistance at $2726.31 while MACD holds a golden cross at 48.99, confirming trend strength.

With RSI(14) at 74.91 flashing overbought conditions, a healthy retracement toward the 50-EMA support at $2558.78 appears probable before continuation. Traders watching ETH price prediction models now factor this institutional accumulation into near-term targets.