Blockchain analytics firm Lookonchain reports that Bitmine, associated with Tom Lee of Fundstrat, snapped up another 100,000 ETH valued at $233.7 million from BitGo. Three fresh wallets tied to Bitmine received the haul, fueling speculation on institutional plays in the Ethereum ecosystem as ETH price prediction models eye upward momentum amid broader crypto market trends and Bitcoin correlation.

Zooming into the 4-hour ETH chart, price action holds firm in a bullish structure with the EMA50 at $2329.5 acting as immediate support just below the current $2343.95 mark, while the EMA200 at $2224.74 anchors longer-term upside conviction. MACD confirms this golden cross strength at 10.57, pushing against neutral RSI of 49.58 that hints at room for gains without overbought risks. Price dances inside Bollinger Bands, testing the upper resistance at $2413.68 as a volatility exhaustion point—confluence here suggests a quick push above could target fresh highs, but any dip finds buyers at the lower band support of $2261.37, aligning perfectly with that EMA50 for a low-risk entry in this ETH whale accumulation phase.