The BMNR stock price rose by over 4% on Monday and retested the important resistance level at $20 as Ethereum rebounded and the company continued accumulating. Summary BitMine stock rose on Monday as the company continued buying Ethereum. It now holds over 4.5 million ETH tokens worth over $9 billion. The stock has formed a…
Ethereum price has held above $1,900 against the current crypto market volatility. However, a bearish crossover continues to threaten a drop below this crucial level. Summary Ethereum price approached the $1,900 support as liquidations mounted and investors moved away from risk assets. A bearish SMA crossover has been confirmed on the daily chart. According to…
Short-selling firm Culper Research says it has taken a bearish position against Ethereum’s native token and companies closely tied to it, arguing that the blockchain’s economic model is deteriorating following recent network changes. Summary Culper Research disclosed a short position against ether and ETH-linked stocks, including BitMine. The firm argues Ethereum’s fee revenue has collapsed,…
Ethereum price has rejected the $2,200 resistance level after failing to sustain momentum above a key value area high. The rejection increases the probability of a rotational move toward lower support as bearish pressure begins to build. Summary Resistance Rejection: Ethereum rejected the $2,200 level and closed below the value area high. Range Structure: Price remains trapped…
A sharp volatility spike wiped out $471m in crypto derivatives positions in one day. Summary Total crypto liquidations over 24 hours reached about $471m across major exchanges. Shorts absorbed the bulk of the damage, with $348m rekt versus $123m in long liquidations. Bitcoin, Ethereum and other majors saw funding reset as overleveraged bearish bets were…
Ethereum bulls pushed its price to nearly $2,200 on Thursday amid a market-wide recovery. Summary Ethereum price rebounded to a 4-week high on Friday amid increased demand from institutional traders and a surge in short liquidations. ETH has formed a double bottom pattern on the daily chart. According to data from crypto.news, Ethereum (ETH) price…
Vitalik Buterin has sparked debate within the crypto community after outlining a vision for Ethereum as part of a broader ecosystem of what he calls “sanctuary technologies,” open-source systems designed to preserve freedom, privacy and resilience in an increasingly unstable world. Summary Buterin argues Ethereum should focus on shaping structural digital infrastructure, not taking positions…
Ethereum price rebounded sharply back above the $2,000 psychological support on Monday as market risk-on sentiment improved and as Bitmine made another large purchase of over 50,000 ETH. Summary Ethereum price has reclaimed the $2,000 supported by institutional dip buying and a brief Bitcoin recovery. A confirmed bearish head and shoulders continues to weigh on…
The crypto market is going up today, March 2, even as the geopolitical crisis in the Middle East escalated. Summary The crypto market remained stable on Monday even as the war in Iran started. This rally happened as the economic impact of the crisis remained limited. The crypto recovery could be a dead-cat bounce, a…
BitMine stock price retreated for five consecutive months, reaching its lowest level since June last year as Ethereum and other altcoins slumped. Summary BitMine stock price dropped for five consecutive months. The retreat happened as the Ethereum price crash gained steam. BMNR has formed a falling wedge pattern, pointing to a rebound in March. BMNR…
