Bitmine: Buys 101K ETH for $237M

Bitmine (@BitMNR) snapped up 101,745 ETH last week, dropping $236.8 million in a bold accumulation move. This ramps their total stash to 5,180,131 ETH, valued at $12.06 billion, with 4,362,757 ETH locked in staking worth $10.15 billion. Fresh off a press release, this whale play signals confidence in Ethereum's trajectory, especially as Bitcoin (BTC) hovers in similar accumulation zones, driving crypto market rally vibes and ETH price prediction debates higher.

Zooming into the 4-hour ETH chart, price action at $2342.59 screams controlled bullish momentum with the golden cross on MACD at 15.2 confirming upside strength. ETH hugs the EMA50 support at $2312.83, well above the EMA200 at $2259.94, forming a rock-solid base that institutional desks eye for entries. Volatility squeezes inside Bollinger Bands, testing that upper resistance at $2369.07 while RSI at 56.36 stays neutral—perfect setup for a quick push higher before any retrace to lower support at $2270.43, mirroring the crypto whale accumulation patterns we've seen crush shorts in the last six months.