Ethereum is recovering toward $2.55K after buyers responded to the latest selloff near a key demand area. The rebound preserves the broader ascending structure, but ETH still needs to reclaim overhead supply to demonstrate a more durable recovery.
The anticipated crypto bull cycle could reshape investment strategies, driven by tokenization, wealth transfers, and AI-driven demand. Bitmine adds 12,532 ETH as Tom Lee predicts record crypto bull cycle.
The Bitmine chairman said he expects younger investors to drive demand for digital assets as his ether treasury company inches closer to owning 5% of the total supply.
Ethereum price has recovered toward $2,530 after last week's slide, but resistance around $2,560–$2,575 stands between its rebound and a possible return to $2,700. TradingView's Binance ETH/USDT daily chart placed Ethereum at $2,529.47 on Oct.
Bitmine Immersion Technologies is closing in on a staggering prize: ownership of 5% of Ethereum's entire ether supply. The company disclosed on Monday that its treasury now holds 6.03 million ETH, representing 4.9% of all tokens in circulation. With $16.
BitMine adds 12,532 ETH, nearing its 5% supply cap, while Tom Lee plans to halt purchases and staking revenue reaches a $336M annualized run rate.
Is ETH ready to rebound after its recent price pullback?
The company now holds 6,028,946 ETH, representing 4.9% of Ethereum's supply, and needs about 100,000 more ETH to reach its goal.
The purchase lifted BitMine's total Ether holdings to 6,028,946 ETH, or about 4.9% of Ethereum's overall supply.
PRNewswire, PRNewswire, 12th October 2026, Chainwire
Ethereum's path to $5k looks increasingly uncertain as Foundation sales and risk-off sentiment challenge market optimism.
The company added 12,532 ETH over the past week, bringing its holdings to about 4.9% of Ethereum's stated 122.1 million-token supply.