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

ETH

ETH/USDT

$1,930.97

+0.69%

$1,930.97

+0.69%

(24s)

24h Volume

$15,764,184,570.61

24h H/L

$1,937.17 / $1,835.36

Change: $101.81 (5.55%)

Long/Short

75.8%

Long: 75.8%Short: 24.2%

Funding Rate

-0.0004%

Shorts pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$1,903.05

▼ -1.39%

Volume (24h): -

Resistance Levels

Resistance 3$2,148.57

Resistance 2$2,063.45

Resistance 1$1,976.06

Price$1,903.05

Support 1$1,889.43

Support 2$1,746.27

Support 3$1,285.50

Pivot (PP):$1,891.86

Trend:Downtrend

RSI (14):38.0

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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