$ETH Supply Squeeze: Is a $3,000 Breakout Coming?
Bitmine continues its aggressive Ethereum accumulation, adding 28,086 ETH worth about $69.4M. Its treasury reportedly now holds 5.93M ETH, bringing it closer to the 5% Ethereum supply target.
With ETH holding the $2,400–$2,500 consolidation zone and bullish momentum returning, the setup points toward a potential supply shock. The key upside level to watch is $3,000+.
📈 Bias: LONG
🎯 Key level: $2,400 support
🚀 Potential target: $3,000+
#US10YearTreasuryYieldNears5% #US2YearYieldRisesTo4.61% #ClarityActFacesProceduralVoteSept15 #TokenizedStockHoldersUp619.1% #EtherRalliesAsBearishBetsLiquidate
Bitmine continues its aggressive Ethereum accumulation, adding 28,086 ETH worth about $69.4M. Its treasury reportedly now holds 5.93M ETH, bringing it closer to the 5% Ethereum supply target.
With ETH holding the $2,400–$2,500 consolidation zone and bullish momentum returning, the setup points toward a potential supply shock. The key upside level to watch is $3,000+.
📈 Bias: LONG
🎯 Key level: $2,400 support
🚀 Potential target: $3,000+
#US10YearTreasuryYieldNears5% #US2YearYieldRisesTo4.61% #ClarityActFacesProceduralVoteSept15 #TokenizedStockHoldersUp619.1% #EtherRalliesAsBearishBetsLiquidate
