Ethereum (ETH) has recovered to around $1,691 after dipping to $1,505 last week, gaining 1.4% in 24 hours but still facing a bearish trend since April. Key resistance lies between $1,700 and $1,715, with a close above this potentially leading to gains near $1,900-$2,000. Analysts warn that a weekly close below $1,500 could push ETH down to $1,000, while some see current prices as a strong long-term buying zone. BitMine Immersion Technologies recently acquired over 126,000 ETH, increasing its holdings to 5.54 million tokens worth about $9 billion, signaling confidence despite market pressure and ETF outflows.
Ethereum (ETH) has modestly recovered to $1,691 after dipping near $1,505, gaining 1.4% in 24 hours but still within a broader downtrend since April. BitMine Immersion Technologies aggressively bought 126,971 ETH during the recent price drop, raising...
Arthur Hayes, co-founder of BitMEX, argues that rapid AI spending has absorbed liquidity that might have otherwise flowed into Bitcoin and other cryptocurrencies. His family office, Maelstrom, recently sold several altcoins including HYPE, NEAR, WLD,...
Ethereum's price recovered to around $1,691 after dipping close to $1,500 last week, with buyers needing to surpass $1,715 to extend the rebound. Technical indicators like MACD and Aroon remain bearish, suggesting sellers still dominate and a weekly ...
High-net-worth crypto investors are focusing their holdings on Bitcoin and Ethereum, reflecting a defensive stance amid ongoing market volatility. While these large-cap assets dominate portfolios due to their liquidity and market recognition, several...
Ethereum's largest holder, Bitmine, has increased its ETH holdings by 126,971, reaching a total of 5.54 million ETH, about 4.59% of the circulating supply, with most of it staked for the long term. Meanwhile, the supply of ETH on major exchanges like...
