BitMine Adds $418M in ETH as Crypto Faces Short-Term Dip

Ethereum (ETH) is drawing renewed attention from institutional investors. BitMine Immersion Technologies, the world's largest corporate holder of Ethereum (ETH), reportedly has just purchased $418 million in ETH, signaling continued accumulation by big money players. https://twitter.com/lookonchain/status/1978631764110451155 Despite the large buy, Ethereum’s price has experienced short-term downward pressure, trading around $4,000, down approximately 4.3% over the past 24 hours. ETH is currently trading just below its short-term averages, signaling a period of sideways movement and some short-term selling pressure. Technical measures suggest the crypto is currently oversold, which could allow for a bounce back toward $4,084 or other nearby resistance

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