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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

$2,488.38

+1.35%

$2,488.38

+1.35%

(24s)

24h Volume

$7,299,761,338.57

24h H/L

$2,523.97 / $2,454.38

Change: $69.59 (2.84%)

Long/Short

55.9%

Long: 55.9%Short: 44.1%

Funding Rate

+0.0013%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,493.56

▲ 0.53%

Volume (24h): -

Resistance Levels

Resistance 3$2,855.08

Resistance 2$2,639.52

Resistance 1$2,552.17

Price$2,493.56

Support 1$2,449.71

Support 2$2,372.73

Support 3$2,190.20

Pivot (PP):$2,472.79

Trend:Uptrend

RSI (14):64.7

CoinDesk Staff

(01:01 PM UTC)

1 min read

Verified byJames Mitchell

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…

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CoinDesk Staff · CoinDesk

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