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Ethereum Price Prediction: $100M Institutional Buy Meets Channel Breakdown Below $3K
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- Ethereum breaks below the descending channel support that held since December, slicing through $3,000 for the first time in six weeks.
- Bitmine Immersion bought 35,268 ETH worth $106.2 million last week, bringing total holdings to over $12.5 billion as institutions accumulate the dip.
- Spot exchange inflows reach $27.22 million, signaling that buyers are stepping in despite the 8% two-week decline.
Ethereum price today trades near $2,957.50 after breaking below the descending channel that contained price action since the December low. The move marks the first close below $3,000 since early December, shifting the technical structure bearish even as institutional buyers step in.
Bitmine Buys $106 Million During Selloff
Not everyone is selling. Bitmine Immersion disclosed Tuesday that it purchased 35,268 ETH last week, worth $106.2 million at current prices. The buy …
Read The Full Article Ethereum Price Prediction: $100M Institutional Buy Meets Channel Breakdown Below $3K On Coin Edition.
In This News
Coins
$ 3.02K
+1.34%
$ 3.01K
+0.85%Share:
In This News
Coins
$ 3.02K
+1.34%$ 3.01K
+0.85%Share:
Read More
Ethereum Price Prediction: ETH Cooldown Continues as Leverage Eases to $40.3B
Ethereum Price Prediction: Triangle Support Faces $119M Liquidation Test
Ethereum Price Prediction: $100M Institutional Buy Meets Channel Breakdown Below $3K
Share:
- Ethereum breaks below the descending channel support that held since December, slicing through $3,000 for the first time in six weeks.
- Bitmine Immersion bought 35,268 ETH worth $106.2 million last week, bringing total holdings to over $12.5 billion as institutions accumulate the dip.
- Spot exchange inflows reach $27.22 million, signaling that buyers are stepping in despite the 8% two-week decline.
Ethereum price today trades near $2,957.50 after breaking below the descending channel that contained price action since the December low. The move marks the first close below $3,000 since early December, shifting the technical structure bearish even as institutional buyers step in.
Bitmine Buys $106 Million During Selloff
Not everyone is selling. Bitmine Immersion disclosed Tuesday that it purchased 35,268 ETH last week, worth $106.2 million at current prices. The buy …
Read The Full Article Ethereum Price Prediction: $100M Institutional Buy Meets Channel Breakdown Below $3K On Coin Edition.
In This News
Coins
$ 3.02K
+1.34%$ 3.01K
+0.85%Share:
In This News
Coins
$ 3.02K
+1.34%$ 3.01K
+0.85%Share:
Read More
Ethereum Price Prediction: ETH Cooldown Continues as Leverage Eases to $40.3B