MicroStrategy Halts BTC Buys as BitMNR Adds ETH

MicroStrategy (MSTR), the leading Bitcoin treasury firm, unusually skipped BTC purchases last week, maintaining holdings at 818,334 coins valued at $64.413 billion. Their average cost sits at $75,537, yielding $2.598 billion in unrealized gains (+4.2%), a stark contrast to the aggressive accumulation seen over the past six months amid crypto market trends favoring institutional hoarding. Meanwhile, BitMNR (BMNR), the top Ethereum treasury player, scooped up 101,745 ETH at roughly $2,311 per token, signaling confidence in ETH price prediction models despite recent volatility in Bitcoin and altcoin sectors.

From a technical confluence standpoint, ETH trades at $2,341.22 on the 4-hour chart, firmly in a bullish structure with price above both the EMA50 at $2,312.78 and EMA200 at $2,259.93, acting as dynamic supports that have held firm during the last month's dips. Momentum builds with MACD at 15.09 confirming a golden cross, while RSI at 56.07 stays neutral, avoiding overbought territory; price hugs the middle of the Bollinger Bands, testing upper resistance at $2,368.87 with lower support at $2,270.50 poised to catch any pullback, setting up for a potential push higher if volume surges past this volatility band exhaustion point.