Bitmine, the ethereum treasury firm led by Fundstrat founder Tom Lee, has added 101,627 ether worth approximately $233 million to its holdings via Bitgo. Key Takeaways: Tom Lee's Bitmine acquired 101,627 ETH worth $233 million from Bitgo, its largest weekly buy of 2026. The purchase brings Bitmine's total ether holdings to approximately 4.
Ethereum price analysis shows rising whale shorts while ETH holds a major long term support zone after a 65% drop.
Ethereum is currently hovering around $2,400 following a 10% appreciation over the last month. Positive momentum is accumulating in derivatives activity, though a concerning technical pattern versus Bitcoin persists.
Some crypto analysts have affirmed that Ethereum (ETH) is facing a pivotal moment as it retests a major resistance barrier that could make or break the King of Altcoin's recovery dreams. Related Reading: Dogecoin ‘Launchpad' Ready?
Capital rotation in the crypto market accelerated late Wednesday ET, with nearly $29.85 million worth of Tether (USDT) spreading across multiple tokens even as Ethereum (ETH) saw a notable net outflow—signaling short-term repositioning rather than a clear, single-direction bet. Data compiled by Cryptometer showed that over the past five hours as of 9:50 a.m.
ETH derivatives show strong buyer dominance, leading traders to target $2,500 to $2,600 as the next crucial rally.
Bitcoin traded at $77,794 on Thursday morning, up 0.4% over 24 hours but well off the $79,388 high hit Wednesday evening, with ether, XRP and Solana all closing red.
Ethereum price started a fresh increase and remained stable above $2,350. ETH is now consolidating and might aim for more gains if it clears $2,425.
A hacker linked to the KelpDAO exploit has swapped approximately 75,700 ETH for BTC in a single large-scale transaction valued at roughly $175 million, according to on-chain data. The conversion marks one of the larger post-exploit asset rotations tracked in recent months and has drawn attention from blockchain analysts monitoring the movement of stolen funds.
Ethereum is consolidating just below $2,400, holding in a range that has defined its price action for the past several sessions as the market waits for a catalyst to determine the next directional move. The chart looks patient.
Ethereum is showing early signs of recovery after an extended downturn, but a critical technical hurdle must be cleared before a sustained bullish trend can take hold. Currently trading around the $2,400 level, ETH is forming a short-term uptrend characterized by higher lows and steady buying interest during price dips.
Ethereum is pushing back toward $2,400 as the market finds its footing after weeks of uncertainty, with buyers gradually reasserting control and the price beginning to build momentum from the consolidation range. The move higher is drawing attention — and a CryptoQuant analyst has identified a signal in the demand data that suggests the current strength may have more institutional backing than the price chart alone reveals.