BitMine Immersion Technologies ($BMNR) has drawn renewed attention in crypto-linked equities after disclosing an Ethereum (ETH) purchase, a move that investors read as a vote of confidence in the broader digital asset rebound and an effort to diversify beyond mining operations. The buy came as risk sentiment improved across the market, with Bitcoin (BTC) briefly rallying to around $63,700 amid a burst of politically driven headlines involving President Trump and heightened Middle East geopolitical tensions, according to a recent Morningstar crypto market recap.
Ethereum has reclaimed the $1,650 level after the massive drop that defined last week's market action — a recovery attempt that has provided some relief after a correction that tested the resolve of even the most conviction-driven holders. The bounce is welcome — but data from Arkham Intelligence has surfaced the trading history of a wallet that made the drop look like exactly what it was: an anticipated event rather than a surprise.
Ethereum has reclaimed the $1,650 level after the most significant drop of recent weeks carried the price to approximately $1,520 — a low that tested the structural conviction of holders across every category and time horizon.
Ethereum exchange reserves have fallen by roughly 475,000 ETH across several major trading platforms, reducing the amount of readily available supply in the market. ETH has gained 4.2% over the past 24 hours and is trading near $1,687, although it remains below key long-term technical levels that continue to define the broader trend.
Ethereum has dropped to multi-year lows as a key on-chain profitability metric falls to its lowest level since 2017, raising fresh questions about whether the market has fully priced in the current bear cycle. According to crypto.
Some whales are selling while others are buying. What could happen to Ethereum price?
Joseph Lubin transferred 110,000 ETH worth approximately $170 million into Sky vaults to reinforce collateral backing a major DAI borrowing position. The transaction reactivated a wallet that had remained dormant for more than three years, drawing significant attention from on-chain analysts.
Bitmine acquired 126,971 ETH last week, its largest weekly purchase of 2026, valued at approximately $214 million. The firm raised its total holdings to 5.54 million ETH, equivalent to $9.3 billion, and controls 4.59% of the cryptocurrency's circulating supply.
Ethereum (ETH) plunges below the critical $1,800 support and the MVRV ratio just touched depths not seen since the April 2025 bottom. As macroeconomic headwinds mount, is a further slide to $1,400 inevitable?
MetaMask launched Agent Wallet, a non-custodial wallet designed for AI agents to operate autonomously within the Ethereum ecosystem. The product includes mandatory transaction simulation, spending limits, Blockaid monitoring, and coverage of up to $10,000 per transaction.
Leading Ethereum treasury firm BitMine Immersion Technologies bought the dip, making its largest weekly ETH purchase so far this year.
Ethereum's crash below $1,500 over the weekend has pushed sentiment into one of its most fearful phases since the previous bear market, but crypto analyst Crypto Patel believes the current selloff should be viewed through a longer lens. The analyst's roadmap places ETH inside a broad accumulation range, with the chart showing that the same movement as previous Ethereum tops and bottoms is still playing out, and Ethereum might be declining into an accumulation zone.