Bitmine has made its largest Ethereum (ETH) buy of the year during the recent market dip, reaffirming the firm’s bullish outlook on the leading altcoin and continued accumulation strategy. Related Reading: Bitcoin At A Crossroads: Two Key Levels Will Define BTC’s Next Major Move, Analyst Says Bitmine Ramps Up Ethereum Purchases On Tuesday, Bitmine Immersion Technologies, the world’s largest Ethereum treasury, announced its largest purchase since December 2025, having acquired roughly $238 million in ETH over the past week. In its latest update, the company shared it purchased 111,942 ETH during the recent market pullback, which sent the King of Altcoins below $2,200. Bitmine’s Chairman, Tom Lee, affirmed that last week’s correction represented “an attractive opportunity” to increase the company’s holdings. “We continue to expect a supercycle ahead for crypto and Ethereum, driven by the dual drivers of Wall Street tokenization and agentic-AI. And thus, we continue to steadily acquire ET
The significant outflows from Bitcoin and Ethereum ETFs highlight shifting investor sentiment and potential volatility in the crypto market.
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In crypto news today, the market is struggling during this midweek trading session on May 27, 2026, with the Bitcoin price losing support at $76,000 and currently down 1.2% on the day, trading around $75,800. ETH USD is in a similar position, having lost the $2,100 level and flirting dangerously with heavy psychological support at..
The post Crypto News Today (May 27): Bitcoin Loses $76K as Institutions Continue to Sell ETH & BTC appeared first on 99Bitcoins.
On-chain data shows an ancient Ethereum wallet containing 2,000 ETH that had been inactive for nearly 11 years has suddenly come back to life. Ethereum OG Wallet Has Turned $620 Into $4.2 Million According to data from cryptocurrency transaction tracker service Whale Alert, an old Ethereum wallet has just broken a 10.8-year phase of dormancy. […]
Ethereum trades near $2,073 as bulls watch $2,500 and $3,100 SMA levels for signs of a stronger trend reversal. Ethereum bulls watch $2,500 and $3,100 SMA levels as key triggers for a possible uptrend. ETH remains near support, while weak momentum keeps pressure on buyers. A reclaim of the 200-week SMA and a break above […]
The post Ethereum Bulls Eye $2,500 And $3,100 SMA Breaks To Confirm Uptrend appeared first on Live Bitcoin News.
Ethereum price started a fresh decline and traded below $2,080. ETH is now consolidating above $2,050 and might struggle to recover. Ethereum remained in a bearish zone after a fresh decline. The price is trading below $2,100 and the 100-hourly Simple Moving Average. There was a break below a bullish trend line with support at $2,095 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it stays below the $2,100 zone. Ethereum Price Consolidates Losses Ethereum price failed to remain stable above $2,120 and started a downside correction, like Bitcoin. ETH price dipped below the $2,110 and $2,100 levels. The price even traded below $2,080. Besides, there was a break below a bullish trend line with support at $2,095 on the hourly chart of ETH/USD. A low was formed at $2,052, and the price is now attempting to recover. There was a recovery wave above the 23.6% Fib retracement level of the downward move from the $2,138 swing high to the $2,052 low.
