Institutional accumulation ceiling strategy: BitMine’s rule is to stop buying once its holdings reach 5% of ETH’s total supply. It is now less than 90,000 ETH away from that threshold, while staking income accounts for nearly all of its revenue. This means there is still relatively reliable institutional buying support around 2,500, but little room remains for further accumulation.
ETH is currently at 2,571, down 4.8% over the past 24 hours, and is testing the most important support zone since its August breakout. The 2,500 level is the dividing line. Holding above it would keep the institutional accumulation thesis intact, with a rebound initially targeting 2,650–2,700. If the daily candle closes below 2,500, the accumulation-ceiling narrative weakens, opening the way to 2,400.
#ETH
ETH is currently at 2,571, down 4.8% over the past 24 hours, and is testing the most important support zone since its August breakout. The 2,500 level is the dividing line. Holding above it would keep the institutional accumulation thesis intact, with a rebound initially targeting 2,650–2,700. If the daily candle closes below 2,500, the accumulation-ceiling narrative weakens, opening the way to 2,400.
#ETH