Bitmine: Tom Lee Adds $19M Ethereum

Bitmine purchased an additional $19 million in Ethereum, bringing its stash close to 5% of total supply amid ongoing large holder concentration.

This purchase extends Tom Lee's Ethereum accumulation history over the past year and directly influences ETH price prediction models as institutional wallets tighten available float.

Price at $1908.86 holds above the EMA50 at $1890.53 and EMA200 at $1862.79, locking in the bullish trend structure. MACD registers a golden cross at 4.83 while RSI sits at 62.22, leaving room for continuation. The asset trades inside the Bollinger Bands with the upper band at $1909.72 serving as immediate resistance and the lower band at $1866.29 as short-term support.