Ethereum Holdings Jump: BitMine Adds 1.08 Million ETH in 2 Months Amid 32% Price Decline

ETH

ETH/USDT

$2,127.12

+4.51%

$2,127.12

+4.51%

(24s)

24h Volume

$39,049,302,904.94

24h H/L

$2,145.26 / $2,009.54

Change: $135.72 (6.75%)

Long/Short

69.8%

Long: 69.8%Short: 30.2%

Funding Rate

-0.0018%

Shorts pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,121.96

▲ 1.67%

Volume (24h): -

Resistance Levels

Resistance 3$2,577.98

Resistance 2$2,403.28

Resistance 1$2,234.29

Price$2,121.96

Support 1$1,994.75

Support 2$1,826.83

Support 3$1,157.44

Pivot (PP):$2,110.44

Trend:Downtrend

RSI (14):32.9

According to COINOTAG News, citing data from BitMine, ETH holdings expanded over a two-month window. As of September 29, BitMine held 2,650,900 ETH; the latest tally shows 3,726,499 ETH, marking a net increase of 1,075,599 ETH.

During this period, the Ethereum price declined, dropping from an October open near $4,142 to roughly $2,811 at press time, a 32% retreat. This juxtaposition underscores the challenge of reconciling reserve growth with a softer price environment in the crypto market.

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