Bitmine: Withdraws 12,500 ETH from Kraken

Bitmine, the vehicle tied to Tom Lee of Fundstrat, pulled another 12,500 ETH worth $34.55 million from Kraken on September 22, 2026.

Price sits at $2734.08 inside the Bollinger Bands with upper resistance at $2778.97. The 50-EMA at $2582.08 and 200-EMA at $2397.23 continue to anchor the bullish structure while MACD registers a fresh golden cross at 59.27. RSI at 67.61 leaves room before overbought territory, suggesting any pullback would likely find support at the 50-EMA before continuation. Traders tracking ETH price prediction models now weigh this persistent institutional accumulation against short-term volatility exhaustion at the upper band.