Bitmine purchased 126971 ETH worth $214.42M last week, pushing total holdings to 5543872 ETH valued at $9.36B despite $9.68B in unrealized losses and 4718677 ETH staked for $7.96B.

ETH trades at $1695.01 inside its Bollinger Bands on the 4h chart with the upper band at $1714.57 acting as immediate resistance and the lower band at $1515.32 as support. The bearish structure keeps price below the EMA50 at $1755.61 and the EMA200 at $2020.89, yet the MACD golden cross at -23.42 signals building momentum while RSI at 52.77 remains neutral. Institutional desks watch for a rejection at the upper band that could drive a retracement toward the 50-EMA before any sustained upside attempt.