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Ethereum news: Bitmine (BMNR) buys the dip as Tom Lee ties ether's pullback to rising oil prices

ETH

ETH/USDT

$1,633.34

-2.00%

$1,633.34

-2.00%

(24s)

24h Volume

$16,063,665,455.18

24h H/L

$1,693.67 / $1,552.95

Change: $140.72 (9.06%)

Long/Short

73.2%

Long: 73.2%Short: 26.8%

Funding Rate

+0.0033%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$1,631.28

▲ 0.56%

Volume (24h): -

Resistance Levels

Resistance 3$1,730.04

Resistance 2$1,681.37

Resistance 1$1,633.39

Price$1,631.28

Support 1$1,615.03

Support 2$1,564.62

Support 3$1,505.68

Pivot (PP):$1,635.50

Trend:Downtrend

RSI (14):35.1

CoinDesk Staff

(01:01 PM UTC)

1 min read

Verified byJames Mitchell

1228 views

0 comments

The Ethereum treasury firm bought over 71,000 ETH last week, a sharp increase from the previous week's purchases.

Ethereum treasury firm Bitmine Immersion (BMNR) bought about $154 million in ether (ETH) last week, as Chairman Tom Lee blamed surging oil prices for the second-largest crypto's recent weakness.

The firm said it purchased 71,672 ETH, a sharp increase from the previous week's 26,000…

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.

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CoinDesk Staff · CoinDesk

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