Bitmine: Fundstrat Buys 25,000 ETH

Bitmine, the vehicle tied to Tom Lee of Fundstrat, purchased another 25,000 ETH worth $50.56 million six hours ago according to on-chain data from lookonchain.

Institutional Ethereum wallet tracking on-chain shows continued accumulation by the fund amid the broader market. This latest buy fits the pattern seen over the past year and directly informs near-term ETH price prediction models.

Price sits at $2017.87 inside the Bollinger Bands on the 4h chart, with EMA50 at $2067.9 capping upside and EMA200 at $2183.31 marking deeper resistance. RSI at 42.71 leaves room to run while the MACD golden cross at -19.05 signals building momentum; a push toward the upper band at $2093.39 remains the next logical test before any deeper probe of the lower band support at $1960.42.