Because the Ethereum (ETH) worth retests a vital help zone, BitMine revealed it has added one other $110 million price of ETH to its treasury holdings over the previous week, approaching an necessary 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, up to now week.
Consequently, the corporate, which is the most important Ethereum Treasury firm on the planet and the second-largest world 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 complete provide, and nears its purpose to manage 5% of the main altcoin’s 120.7 million provide. Notably, it has achieved practically 70% if “Alchemy of 5%” goal in simply six months.
BitMine’s chairman, Thomas “Tom” Lee, said that “Ethereum’s worth ratio to Bitcoin, or ETHBTC, has been steadily climbing since mid-October. In our view, this displays buyers recognizing tokenization and different use instances being developed by Wall Road are being constructed on Ethereum.”
As of January 19, 2026, BitMine’s complete staked ETH stands at 1,838,003, price $5.9 billion at $3,211 per ETH, a rise of 581,920 ETH up to now week.
ETH Value At Essential Assist Zone
Regardless of BitMine’s fixed guess on the cryptocurrency, Ethereum retraced practically all its 2026 positive aspects after falling under the $3,000 barrier. On Tuesday, ETH recorded a 6.8% decline within the every 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 for the reason that November pullbacks, reclaiming the higher zone of this vary in the course of the begin of the 12 months rally. Now, ETH is retesting an necessary multi-support space that might outline the cryptocurrency’s short-term efficiency.
Analyst World of Charts affirmed that there are two “easy” potentialities 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 every 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 Transferring Common (MA), which was reclaimed in the beginning of the 12 months and at present sits on the $3,089 stage.
In line with the publish, 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 a detailed 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
