Ethereum Price Likely to Provide Another Selling Opportunity as $1,900 Comes Into View
Photo: Crypto Daily
Bitmine kept buying ether this week, adding to a stake that now covers a sizable slice of the token's supply. That corporate demand has slowed the selling without reversing it. Ether still trades below its long-term trend line after a painful month. Traders now want to know whether treasury buyers can defend the next floor, or whether any bounce becomes another exit point. Bitmine Immersion Technologies (NYSE: BMNR) bought nearly $20 million of Ethereum in its latest purchase. The company now holds 6.06 million ETH. That stake equals about 4.9% of the token's 122.2 million total supply.
Source: Crypto Daily
