BitMine buys $140M in ETH, boosting its treasury to nearly 4M ETH.
\nUS Bitcoin and Ethereum ETFs saw $582M in combined outflows.
\nEthereum trades near $2,950, capped by EMAs, with support at $2,900.<\/p>\n
Ethereum price forecast remains cautiously optimistic as the cryptocurrency struggles to maintain momentum, trading near $2,950 after slipping roughly 12% over the past week.<\/p>\n
While Ether has avoided a decisive breakdown, the broader market, including Bitcoin (BTC)<\/a>, shows signs of fatigue amid waning participation and cautious trading behaviour.<\/p>\n As the price of Ethereum (ETH) fell below $3,000, Tom Lee\u2019s Ethereum treasury firm, BitMine, reportedly acquired an additional $140 million worth of ETH on Monday, bringing its total holdings<\/a> to nearly 3.97 million ETH, valued at approximately $11.6 billion.<\/p>\n This acquisition aligns with BitMine\u2019s long-term goal of securing 5% of the circulating Ethereum supply, signalling strong confidence in the asset despite current market weakness.<\/p>\n The firm\u2019s aggressive accumulation strategy has continued throughout the year, with notable purchases of over 240,000 ETH in early December alone.<\/p>\n Following the ETH purchase, BitMine stock closed higher on Tuesday, reflecting investor optimism around its treasury strategy.<\/p>\n While BitMine strengthens its Ethereum holdings, institutional investors appear to be trimming risk elsewhere.<\/p>\n US-listed Bitcoin ETFs and Ethereum ETFs experienced combined outflows of roughly $582 million on Monday, marking the largest daily redemptions in two weeks.<\/p>\n Bitcoin ETFs<\/a> alone saw $357.6 million in net outflows, while Ethereum ETFs reported nearly $225 million.<\/p>\n Analysts suggest these withdrawals reflect macro-level de-risking tied to volatility in US equities and uncertainty over Federal Reserve policy rather than crypto-specific stress.<\/p>\n But despite these ETF flows, the structural foundation for Ethereum and Bitcoin remains robust, with long-term holders continuing to support the market, although short-term volatility has heightened as traders adjust exposure based on risk assets outside the crypto space.<\/p>\n BitMine\u2019s purchases demonstrate corporate conviction in Ethereum\u2019s long-term prospects, even as Ethereum ETFs show temporary withdrawals.<\/p>\n The juxtaposition of aggressive treasury accumulation and institutional caution underscores the mixed signals that traders must navigate.<\/p>\n From a technical standpoint, Ethereum (ETH) is currently trading in a late-stage corrective phase, with resistance defined by declining exponential moving averages (EMAs).<\/p>\n Price remains below the 20-day EMA near $3,075 and the 50-day EMA around $3,250, limiting the potential for a sustained rebound.<\/p>\n Spot outflows persist, totalling roughly $18.7 million, while open interest has declined to approximately $37 billion as leverage unwinds.<\/p>\n However, technical indicators<\/a>, including the daily RSI, suggest weakening downside momentum but have yet to signal a bullish reversal.<\/p>\n The immediate support is found around $2,900 to $2,880 and a decisive break below this range could open the path to $2,700\u2013$2,750, where deeper buying may emerge.<\/p>\n On the upside, reclaiming and holding above $3,075 would indicate diminishing selling pressure, while a move toward $3,250 would require a meaningful shift in volume and spot flows.<\/p>\n The post Ethereum price prediction as BitMine buys the dip even as ETFs shed $582M<\/a> appeared first on CoinJournal<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" BitMine buys $140M in ETH, boosting its treasury to nearly 4M ETH. US Bitcoin and Ethereum ETFs saw $582M in combined outflows. Ethereum trades near $2,950, capped by EMAs, with support at $2,900. Ethereum price forecast remains cautiously optimistic as the cryptocurrency struggles to maintain momentum, trading near $2,950 after slipping roughly 12% over the […]<\/p>\n","protected":false},"author":0,"featured_media":5840,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[100],"tags":[],"class_list":{"0":"post-5839","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ethereum"},"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/5839","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=5839"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/5839\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/5840"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=5839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=5839"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=5839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}BitMine adds $140M ETH in the dip<\/h2>\n
ETF outflows signal macro-driven caution<\/h2>\n
Ethereum price prediction<\/h2>\n