Tom Lee's BitMine just reported a staggering $3.8 billion quarterly loss, hammered by the recent Ethereum price plunge that echoes last year's crypto market crash impacts on firm balance sheets.

Zooming into ETH's 4-hour chart, price action clings to $2349.95 in a clear bullish trend, fortified by the EMA50 at $2246.67 acting as immediate support and the EMA200 at $2144.16 anchoring longer-term floors. MACD flashes a golden cross at 32.84, screaming bullish continuation, while RSI hovers neutral at 63.09 – not overbought yet, but watch it. Price dances inside Bollinger Bands, testing upper resistance at $2440.95; a decisive break targets fresh upside, but confluence points to a potential dip to lower support at $2135.72 if volatility exhausts, especially with Bitcoin hype influencing cross-asset flows in this macro setup.