BitMine Buys $240M Ethereum as Lee Signals Crypto Spring

BitMine, a leading digital asset platform focused on maximizing ETH per share through mining and ecosystem advancements, just snapped up $240 million worth of Ethereum as Fundstrat's Tom Lee declares the arrival of 'crypto spring'—echoing his accurate calls from the past year's rallies that dodged a potential crypto market crash.

From a technical confluence standpoint, ETH trades at $2349.53 in a bullish structure, hugging the EMA50 support at $2313.1 while the EMA200 at $2260.01 anchors the longer-term uptrend; MACD's golden cross at 15.75 screams continuation, but with RSI neutral at 57.81 and price nestled inside Bollinger Bands—upper resistance at $2370.18 capping gains and lower support at $2270.01 offering a cushion—a tactical pullback to test that 50-EMA confluence seems likely before pushing toward fresh ETH price prediction highs, especially as Bitcoin hype spills over from viral trends like TAO and RaveDAO.