BitMine: Withdraws $34.6M ETH From Kraken

BitMine withdrew 12.5K ETH valued at $34.56M from Kraken today, extending its accumulation streak after taking 20K ETH worth $48.89M three weeks earlier.

Institutional flows like these shape ETH price prediction models and highlight ongoing Ethereum accumulation patterns by corporate treasuries.

Price sits at $2750.34 inside the Bollinger band with upper resistance at $2782.15. The 50-EMA at $2582.72 and 200-EMA at $2397.4 remain key supports while RSI at 71.35 signals overbought conditions and MACD holds its golden cross. With price testing upper Bollinger resistance while RSI flashes overbought, a healthy retracement to the 50-EMA support at $2582 seems probable before further continuation.