Ethereum-linked treasury firm BitMine, founded by market veteran Tom Lee, has ramped up staking over the past 24 hours, adding roughly $320 million worth of Ethereum (ETH) and pushing its staked share above 70% of its holdings—an aggressive move that could further tighten liquid supply while boosting the firm's yield profile. On-chain data cited by Odaily shows that about 75,600 ETH was transferred to Coinbase Prime on Thursday UTC for staking purposes, following another deployment of around 61,200 ETH on Wednesday UTC.
Ethereum's potential rally could reshape market dynamics, driven by institutional interest and supply constraints, impacting long-term investment strategies. Ethereum could rally to $6K on supply cuts, institutional demand.
Ethereum faces resistance near $2,400 and $2,679 as charts show weak structure, key support zones, and possible downside risk.
Bitmine continued to accumulate Ethereum, purchasing 100,000 ETH worth $233.7 million.
Ethereum price started a fresh decline and traded below $2,350. ETH is now consolidating above $2,285 and might struggle to recover.
Price and Volume: Ethereum reached $2,423 with a daily volume of 337,000 ETH, significantly outperforming its 20-day average. Key Players: Retail traders increased flows to Binance (372,534 ETH) to take profits following the recent price surge. Critical Support: Whales holding between 10,000 and 100,000 ETH are holding their positions despite unrealized losses.
On April 16, Ethereum fell 1.3% and Aave lost 1.1%, helping pull the CoinDesk 20 down 0.2% as broader crypto markets showed only selective weakness.
The Arbitrum Security Councils rapid response to the recent KelpDAO exploit has reignited a long-standing debate within the crypto industry: how decentralized are blockchain networks when human intervention is still possible? This week, the council froze over 30,000 ETH tied to the attacker, a move praised by supporters as a critical step in protecting users and preventing further losses.
U.S. investors are ramping up exposure to Ethereum, with both whales and retail participants driving a surge in demand.
Ethereum opened at $2,375.12 on Thursday April 23, 2026, rising 2% from Wednesday's open as Bitcoin led a broad morning rally past $78,000, though ETH pulled back to $2,316.88 by 7:10 a.m.
A new debate about Ethereum has emerged in the crypto community, as members now argue whether ETH can run the entire financial system. The discussion has caught the attention of pro-crypto lawyer Bill Morgan as well as members of the XRP community who have long advocated the XRP's use case within global banking systems.
Ethereum has been consolidating below $2,400 for weeks, building a base that the market has been watching with growing anticipation.