Bitmine: Buys 10,464 ETH for $19.48 Million

Bitmine, the vehicle tied to Tom Lee of Fundstrat, purchased another 10,464 ETH worth $19.48 million through a fresh wallet funded by FalconX nine hours ago.

Over the past twelve months Bitmine has steadily accumulated during periods of compressed volatility, aligning with broader institutional positioning ahead of potential regulatory shifts. Traders tracking ETH price prediction models now watch whether this latest tranche signals continued accumulation or merely opportunistic buying near cycle lows.

Price action on the 4h chart shows ETH at $1866.73 sitting inside the Bollinger band with lower support at $1855.89 and upper resistance at $1943.02; the EMA50 at $1896.63 caps upside while the EMA200 at $1828.37 offers distant floor, and the MACD death cross at -9.74 keeps momentum bearish even as RSI at 40.17 remains neutral, pointing to a likely test of the lower band before any sustained recovery attempt.