Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download

Ethereum dips below $2,225 as Bitmine buys 89,026 ETH amid weak market conditions

Market News
16 May 2026
AMBCrypto
View Source
Bearish
pluang ai news

Ethereum has fallen to $2,225, extending a weekly decline amid bearish market momentum. Despite the overall weakness and other large holders reducing their Ethereum treasuries, Bitmine has increased its holdings by purchasing 89,026 ETH worth $197.64 million, bringing its total to 2.59 million ETH. However, this accumulation has not been enough to offset selling pressure, with technical indicators signaling further downside risk. Ethereum may drop below $2,200 unless it breaks above $2,300 to reverse the trend.

More News

Phase 3 trial shows 70% complete response in low-grade UTUC with Padeliporfin VTP treatment

Phase 3 trial shows 70% complete response in low-grade UTUC with Padeliporfin VTP treatment

ImPact Biotech announced updated Phase 3 ENLIGHTED trial results showing 70% complete response in patients with low-grade upper tract urothelial carcinoma (UTUC) treated with Padeliporfin VTP. The treatment demonstrated durable effects, with 85.7% of...

Company Fundamentals
Bullish
2 hours ago
Constellation Brands rated Buy for strong cash flow, solid brands, and attractive valuation despite macro risks.

Constellation Brands rated Buy for strong cash flow, solid brands, and attractive valuation despite macro risks.

Constellation Brands maintains a Buy rating due to its strong free cash flow, robust brand portfolio, and a valuation that provides a margin of safety amid economic challenges. The company projects free cash flow of $1.6–$1.7 billion for FY27 and EPS...

Analyst Insights
Bullish
4 hours ago
Nextech3D.AI launches AI-driven event marketplace to boost $1T global events industry monetization

Nextech3D.AI launches AI-driven event marketplace to boost $1T global events industry monetization

Nextech3D.AI has introduced KraftyLabs, an AI-powered event marketplace designed to transform monetization in the $1 trillion global events industry. The platform acts like a "Shopify for events," enabling exhibitors and sponsors to create interactiv...

Others
Bullish
4 hours ago
Berkshire Hathaway reveals first portfolio update under new CEO Greg Abel, showing strategic shifts post-Buffett.

Berkshire Hathaway reveals first portfolio update under new CEO Greg Abel, showing strategic shifts post-Buffett.

Berkshire Hathaway, under new CEO Greg Abel, disclosed its first quarterly portfolio update since Warren Buffett stepped down. The $263 billion equity portfolio saw significant changes, including increased stakes in Alphabet, The New York Times, and ...

Market News
Neutral
4 hours ago
Playtika stock rises 29% on strong direct-to-consumer growth and raised 2026 guidance

Playtika stock rises 29% on strong direct-to-consumer growth and raised 2026 guidance

Playtika's stock has gained about 29% since its last Buy rating at $2.87, driven by rapid growth in its direct-to-consumer (D2C) platform, which saw revenue increase 62.8% year-over-year and now accounts for 39.2% of total revenue. Disney Solitaire's...

Analyst Insights
Bullish
4 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App