Ethereum (ETH) Price: BitMine Buys 10,452 ETH as ETF Outflows Hit a Fourth Week
Photo: CoinCentral
TLDR BitMine bought 10,452 ETH last week, lifting its holdings to 6.051 million ETH, or 4.95% of supply. US spot ETH ETFs posted a fourth straight week of outflows, with $484.36 million leaving over seven sessions through Oct. 22. ETH closed below the 100-day EMA and the $2,355 level, and is now testing the 200-day EMA. Analyst Ted Pillows sees $2,200 as a possible buyer area, while Ash Crypto flags $2,300 as key support. The Ethereum Foundation postponed the Hoodi testnet activation planned for Oct. 26.
Source: CoinCentral
