đš BITMINE KEEPS BUYING $ETH â 6 MILLION ETH AND COUNTING! đ„
Ethereum is trading near $2,400, while BitMine Immersion continues to accumulate ETH despite the recent crypto market decline.
đ Hereâs what stands out:
â BitMine bought 12,535 ETH last week.
â Total holdings have climbed to approximately 6.041 MILLION ETH.
â Its holdings represent around 4.9% of ETHâs total supply, according to the report.
â BitMine chairman Thomas Lee sees the recent market pullback as an attractive risk/reward opportunity.
đ But thereâs a challenge: ETH is still struggling around the 20-day and 50-day exponential moving averages (EMAs). A sustained recovery above these levels could help strengthen the technical picture.
đ THE BIG QUESTION: Are institutional players accumulating ETH before the next major move, or could further downside still be ahead?
Long-term accumulation is worth watching, but it does not guarantee an immediate price rally.
đ Whatâs your target for $ETH by the end of 2026?
#Ethereum #ETH #BitMine #CryptoNews #BinanceSquare
Ethereum is trading near $2,400, while BitMine Immersion continues to accumulate ETH despite the recent crypto market decline.
đ Hereâs what stands out:
â BitMine bought 12,535 ETH last week.
â Total holdings have climbed to approximately 6.041 MILLION ETH.
â Its holdings represent around 4.9% of ETHâs total supply, according to the report.
â BitMine chairman Thomas Lee sees the recent market pullback as an attractive risk/reward opportunity.
đ But thereâs a challenge: ETH is still struggling around the 20-day and 50-day exponential moving averages (EMAs). A sustained recovery above these levels could help strengthen the technical picture.
đ THE BIG QUESTION: Are institutional players accumulating ETH before the next major move, or could further downside still be ahead?
Long-term accumulation is worth watching, but it does not guarantee an immediate price rally.
đ Whatâs your target for $ETH by the end of 2026?
#Ethereum #ETH #BitMine #CryptoNews #BinanceSquare
