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Latest Update
8/24/2026 3:44:00 PM
Bitmine: $81M Ethereum Buy as ETH Tops BTC
Bitmine adds $81M in Ethereum while ETH outperforms Bitcoin; 4h chart shows $2496 price testing Bollinger resistance amid bullish EMA structure.
Analysis
Bitmine purchased another $81M in Ethereum as ETH continues to outperform BTC in the latest session.
Price at $2496.34 sits inside the Bollinger Bands and presses the upper resistance at $2522.04 while the 50-EMA at $2267.63 and 200-EMA at $2018.26 anchor the longer-term bullish structure; RSI at 69.6 remains neutral yet the MACD death cross at 68.77 signals short-term momentum loss, pointing to a probable retracement toward the 50-EMA before any extension higher. Institutional flows into Ethereum and shifting BTC dominance create fresh setups for ETH price prediction models and Ethereum institutional buying strategies.
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Source: blockchain.news