Bitmine: Buys 35,138 ETH for $58.65M

Bitmine, the vehicle tied to Tom Lee of Fundstrat, purchased an additional 35,138 ETH valued at $58.65 million from BitGo and Kraken over the past four hours.

Price action on the 4-hour chart shows ETH at $1672.9 beneath the EMA50 support level of $1716.12 and well below the EMA200 at $1854.04, locking in the bearish structure as the MACD death cross at -16.28 reinforces downside momentum; RSI at 38.95 sits neutral while price remains trapped inside the Bollinger Bands between lower support of $1646.4 and upper resistance of $1783.11, pointing to near-term consolidation ahead of the next leg in ETH price prediction models.