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via Cointelegraph · By Cointelegraph Staff

Bitmine Buys $52M ETH, Tom Lee Says Fundamentals Strong

ETH

ETH/USDT

$2,475.82

+0.83%

$2,475.82

+0.83%

(24s)

24h Volume

$4,185,572,834.75

24h H/L

$2,485.34 / $2,444.47

Change: $40.87 (1.67%)

Long/Short

60.2%

Long: 60.2%Short: 39.8%

Funding Rate

+0.0024%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,478.84

▲ 0.94%

Volume (24h): -

Resistance Levels

Resistance 3$2,855.08

Resistance 2$2,639.52

Resistance 1$2,516.30

Price$2,478.84

Support 1$2,448.56

Support 2$2,316.57

Support 3$2,190.00

Pivot (PP):$2,478.04

Trend:Uptrend

RSI (14):63.9

Cointelegraph Staff

(04:03 AM UTC)

1 min read

Verified byEmily Watson

0 comments

Bitmine Immersion Technologies has purchased another $52 million worth of Ether (ETH), with its chair, Tom Lee, saying that the token’s price isn’t yet reflecting the Ethereum blockchain’s strengths.

“Over the past week, we acquired 26,497 ETH,” Lee said in a statement on Monday. “In our view, ETH prices are not reflecting the strengthening of Ethereum fundamentals, but then again, this is not…

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Source

Cointelegraph Staff · Cointelegraph

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