Bitmine: Stakes 112K More ETH
Bitmine adds 112,040 ETH ($259.6M) to staking, totaling 3.7M ETH ($8.58B) or 74% of holdings, amid bearish ETH trends at $2317.99.
SourceTom Lee's Bitmine, linked to @fundstrat, just staked another 112,040 ETH valued at $259.6 million, pushing its total staked holdings to 3,701,589 ETH worth $8.58 billion—that's 74.38% of everything it owns. This move underscores aggressive accumulation in Ethereum staking trends, especially as institutional players eye long-term yields despite recent volatility in the crypto market over the past six months, where ETH has navigated regulatory shifts and layer-2 expansions.
Zooming into the 4-hour ETH chart, price action clings to $2317.99 amid a clear bearish structure, with the EMA50 at $2326.37 capping upside as immediate resistance while the EMA200 at $2233.24 looms as deeper support. MACD signals a death cross with a -5.85 reading, confirming downward momentum, yet RSI at 45.7 stays neutral, suggesting no extreme exhaustion. Volatility bands pinch in, with price trading inside—upper resistance at $2408.64 could trigger a rejection if bulls push, but confluence points to a likely probe of lower support at $2279.01 before any rebound, mirroring patterns seen in Bitcoin's recent dips and offering tactical entries for ETH price prediction plays.
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