Bitmine Buys 26,659 ETH Last Week

Fundstrat's Tom Lee drives Bitmine's aggressive accumulation as the firm snapped up 26,659 ETH for $61.88 million last week, pushing total holdings to 5,206,790 ETH valued at $12.08 billion. Bitmine has staked 4,712,917 ETH worth $10.94 billion, representing 90.51% of its portfolio, signaling deep conviction in Ethereum staking trends even as BTC dominance pressures the broader crypto market holdings.

Zooming into the 4-hour ETH chart, price action clings to $2325.21 in a bearish structure where the EMA50 at $2328.28 acts as immediate overhead resistance, capping upside while the EMA200 at $2274.46 provides a sturdy long-term support floor. MACD flashes a bullish golden cross at 3.18, hinting at budding momentum, yet neutral RSI at 48.22 keeps things balanced—price trades snug inside Bollinger Bands with upper resistance at $2363.93 eyeing volatility exhaustion if buyers push, but confluence suggests a probe toward lower support at $2287.69 could precede any real breakout, especially with whale buys like Bitmine's fueling ETH price prediction debates amid crypto market crash fears.