BitMine: Tom Lee Lands Record 2026 Ethereum Purchase

BitMine executed its largest Ethereum purchase of 2026, extending institutional Ethereum accumulation trends that began accelerating in late 2025.

Price action on the 4h chart shows ETH trading inside the Bollinger Bands with upper resistance at $2141.84 and lower support at $2067.59; the bearish EMA50 at $2123.69 and EMA200 at $2213.18 continue to cap upside while the MACD death cross at -4.01 and neutral RSI of 43.57 keep momentum tilted lower.

Traders now watch whether the next leg tests the 50-EMA confluence before any sustained recovery in ETH price prediction models.