ETH is down 1.7%, drawing closer to the key $2,000 level.
· CoinJournal reports that Ethereum treasury company BitMine posted a full-year net loss of $6.3 billion, including $6.23 billion in unrealized losses on digital assets. Resistance levels for ETH are at $2,101 and $2,204.
· These are unrealized losses, reflecting the book value of holdings rather than losses realized through sales.
With the price between around $2,000 and resistance at $2,101, would you focus first on paper losses in holdings, or on whether ETH can hold above $2,000?
$ETH
· CoinJournal reports that Ethereum treasury company BitMine posted a full-year net loss of $6.3 billion, including $6.23 billion in unrealized losses on digital assets. Resistance levels for ETH are at $2,101 and $2,204.
· These are unrealized losses, reflecting the book value of holdings rather than losses realized through sales.
With the price between around $2,000 and resistance at $2,101, would you focus first on paper losses in holdings, or on whether ETH can hold above $2,000?
$ETH
