Because the Ethereum (ETH) value retests an important help zone, BitMine revealed it has added one other $110 million price of ETH to its treasury holdings over the previous week, approaching an essential milestone for the corporate’s funding technique.
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BitMine’s Ethereum Guess Continues
On Tuesday, BitMine, a Bitcoin and Ethereum Community Firm with a concentrate on accumulating crypto for long-term funding, introduced its holdings had reached 4.2 million ETH tokens after buying 35,268 ETH, price roughly $110 million, previously week.
In consequence, the corporate, which is the biggest Ethereum Treasury firm on this planet and the second-largest international treasury, has crypto and money holdings totaling $14.5 billion at present costs.
In line with the announcement, the corporate now owns 4,203,036 ETH at $3,211, 193 Bitcoin (BTC), a $22 million stake in Eightco Holdings as a part of its “Moonshots” initiative, and unencumbered money price $979 million.
After the most recent buy, BitMine now holds 3.48% of ETH’s whole provide, and nears its aim to regulate 5% of the main altcoin’s 120.7 million provide. Notably, it has achieved almost 70% if “Alchemy of 5%” goal in simply six months.
BitMine’s chairman, Thomas “Tom” Lee, acknowledged that “Ethereum’s value ratio to Bitcoin, or ETHBTC, has been steadily climbing since mid-October. In our view, this displays traders recognizing tokenization and different use circumstances being developed by Wall Avenue are being constructed on Ethereum.”
As of January 19, 2026, BitMine’s whole staked ETH stands at 1,838,003, price $5.9 billion at $3,211 per ETH, a rise of 581,920 ETH previously week.
ETH Worth At Essential Help Zone
Regardless of BitMine’s fixed guess on the cryptocurrency, Ethereum retraced almost all its 2026 beneficial properties after falling under the $3,000 barrier. On Tuesday, ETH recorded a 6.8% decline within the day by day timeframe, dropping from the $3,200 space to a three-week low of $2,980.
The King of altcoins has been buying and selling between the $2,600-$3,350 space because the November pullbacks, reclaiming the higher zone of this vary throughout the begin of the 12 months rally. Now, ETH is retesting an essential multi-support space that might outline the cryptocurrency’s short-term efficiency.
Analyst World of Charts affirmed that there are two “easy” prospects for Ethereum. If the value loses the $3,000 space, which serves because the mid-zone of its native vary and a key macro help and resistance stage, then a retest of the $2,600 lows turns into probably.
Quite the opposite, if the altcoin holds this zone within the day by day timeframe and momentum builds, it may retest the vary’s higher boundary resistance once more.
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Amid the pullback, one other pseudonym market observer additionally identified that ETH is at present retesting its 50-day Shifting Common (MA), which was reclaimed initially of the 12 months and at present sits on the $3,089 stage.
In line with the put up, if the 50-day MA holds, a transfer to the 200-day MA, positioned across the $3,650 space, may come subsequent. “All eyes [are] on an in depth above the 50-day MA, which can level to a profitable again take a look at,” he added.
As of this writing, ETH is buying and selling at $2,999, a 7% decline within the weekly timeframe.
Featured Picture from Unsplash.com, Chart from TradingView.com
