Community Articles

via Cointelegraph · By Cointelegraph Staff

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

ETH

ETH/USDT

$1,658.85

-4.46%

$1,658.85

-4.46%

(24s)

24h Volume

$11,432,310,253.06

24h H/L

$1,747.70 / $1,635.65

Change: $112.05 (6.85%)

Long/Short

77.4%

Long: 77.4%Short: 22.6%

Funding Rate

-0.0020%

Shorts pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$1,659.28

▼ -3.99%

Volume (24h): -

Resistance Levels

Resistance 3$1,778.40

Resistance 2$1,730.12

Resistance 1$1,679.12

Price$1,659.28

Support 1$1,616.45

Support 2$1,505.68

Support 3$1,244.77

Pivot (PP):$1,677.06

Trend:Downtrend

RSI (14):36.5

Cointelegraph Staff

(04:03 AM UTC)

1 min read

Verified byEmily Watson

772 views

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…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

Add COINOTAG as a Preferred Source

Add COINOTAG to your preferred sources in Google News and Search to see our coverage first.

Add on Google

Source

Cointelegraph Staff · Cointelegraph

Read original →

Live ETH price →More ETH news →

Comments