2️⃣ Ethereum ( $ETH ): Bitmine Buys the Dip While ETFs Lose Investors


Market capitalization: $360 billion.

Ethereum is going through tough times – the price dropped 2% over the last 24 hours and is currently trading around $2,970.

🟡 But the most interesting action is happening not on the chart, but in the movements of major players!

What's happening now❔

🗣Massive ETH ETF outflows: Last week saw a record $555 million withdrawn from spot Ethereum ETFs – the largest outflow since August 2025! BlackRock led this exodus, effectively erasing part of the gains following ETF approval.

🗣Bitmine goes against the crowd: While institutions are leaving, Tom Lee's company is aggressively buying ETH! Over the last week, they added 98,852 ETH, bringing their reserves to 4.07 million tokens – that's 3.37% of the entire Ethereum supply! Their crypto treasury is valued at $13.2 billion.

🗣Options pressure the market: $27 billion worth of BTC and ETH contracts expire on December 26, keeping prices in a narrow range. Traders are actively hedging, avoiding large bets.

🗣Technical moment: ETH is trying to hold above $3,000 but faces serious resistance at $3,080. Breaking through this level will open the path to $3,150-$3,220.

What does this mean❔

🗣The market is divided: institutions are withdrawing money amid delays in U.S. crypto regulation and profit-taking after a 5.5% gain over the month.

🗣Bitmine demonstrates the classic "buy the dip" strategy – accumulation during moments of weakness often precedes major reversals.

🗣Historically, ETH shows strong results after consolidation, especially after the expiration of large options contracts.

Trade guidelines:📈 📉

📈 Consolidation above $3,080 – opens the path to $3,150-$3,220.
📉 Breakdown below $2,980 – risk of testing $2,900-$2,750.

Conclusion:
Ethereum is at a critical crossroads. Massive ETF outflows versus aggressive Bitmine accumulation create tension. The $3,000 technical level and recent scalability improvements following the Fusaka upgrade could become the foundation for recovery.

📈 Open trade with $ETH ‌🔗 Chat • X • HRUMfamily
ETH-0.01%
post-image
HRUM
HRUMHrum
MC:$3.52KHolders:1
0.00%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)