Bitmine, the vehicle tied to Fundstrat CIO Tom Lee, purchased another 25,000 ETH worth $42.03 million from Kraken six hours ago.

Price sits at $1667.1 inside the Bollinger band with upper resistance at $1731.23. The 50-EMA at $1747.04 and 200-EMA at $2012.04 continue to act as overhead resistance in the bearish structure, yet the MACD golden cross at -14.07 signals building momentum while RSI at 46.94 remains neutral. A push toward the upper band could stall near the 50-EMA before any deeper test of the $1520.14 lower band support.