Ether Lee is trading at the critical level after a few days of volatility and closer to the all -time high of $ 4,800. The bull is maintaining control and the market is more and more focused on whether ETH can pass through resistance and confirm the new rise. By adding momentum, Bitmine Inmersion Technologies, Inc., a blockchain technology company headquartered mainly in the United States, announced that they purchased $ 129.9 million in ETH according to short non -activities.
This strategic acquisition strengthens the trust in long -term values that the trend of institutional players that are directly assigned to Ether Leeum. Bitmine's movement reflects a similar financial strategy adopted by the company, such as Sharplink Gaming, to signal a wider transition with ethical accumulation. The timing is noteworthy because the exchange balance continues to decrease and the demand is strengthened, resulting in supply pressure to the market.
For investors, according to the convergence of institutional purchasing and powerful technical positioning, Ether Leeum can prepare a decisive breakout. However, since volatility is still high, the market participants are closely seeing whether ETH can maintain more than the main level and strengthen its leadership role in a wider ALTCOIN rally.
As Bitmine expands Holdings, Ether Lee's accumulation increases.
With this latest argument, BitMine's Total Holdings is now 170 million ETH, which is about $ 152.6 billion. This continuous accumulation trend occurs at an important time of Ether Leeum as assets test the major resistance levels near the all -time high.
Bitmine's purchase time is increasing the confidence among institutional players that Ethereum will continue to perform at the current period. Exchange Reserves and OTC desks are steadily reduced, showing strong demand while fluidity is drying. This reinforcement dynamics often acts as a fuel for rapidly rising price fluctuations when paired with significant institutional inflows such as the rise of bitmine.
Bitcoin, meanwhile, is under pressure just below the highest level ever, which is struggling to check the escape. This preparation is forming a new stage in the encryption market, and the relative strengths of Leeum are becoming more and more clear. If ETH successfully pushes the resistance, it can lead the next leg of the Altcoin rally, and liquidity flows towards the stronger assets of this sector.
Price receives main support after a strong rally
Ether Lee's price behavior shows elasticity despite the last fall of $ 4,800. In the four -hour chart, ETH is currently trading about $ 4,422 and is trading at $ 4,347 from the $ 50 move. This level is a short -term dynamic support, suggesting that the buyer is active even after profit.
The rally over the last few weeks has been shown at the highest and highest lowest, and has confirmed the strong strong structure. While volume spikes emphasize continuous demand during upward movements, the most recent modifications are relatively low in sales, and are the encouraging signs of bulls. The 100- and 200-period moving average is $ 3,988 and $ 3,780, respectively, which is much lower than the current price, strengthening a wider increase.
If ETH maintains more than $ 4,350, the rebound against $ 4,600- $ 4,800 is probably likely to try potential attempts at an all-time high. However, the failure of less than 50 periods of time can cause deeper modifications to $ 4,000 in the next major support area. Due to optimistic foundations, decrease in supply and increasing institutional interest, the market appears to be prepared for decisive movements.
DALL-E's main image, TradingView chart
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