Ethereum Price Prediction: Traders Eye Key Support as BitMine Adds $417M in ETH

• Ethereum stabilizes near $4,000 as traders await a decisive breakout or breakdown.
• Rising open interest signals heightened volatility and growing institutional engagement.
• BitMine’s massive ETH purchase reinforces long-term confidence in Ethereum’s value.

Ethereum continues to trade within a tight range following its recent pullback from the $4,760 high. The asset now hovers near $4,000 as traders assess the next directional move. 

Despite short-term weakness, growing institutional activity suggests confidence in Ethereum’s long-term strength. The market shows signs of balance between accumulation and caution, hinting at a potential surge in volatility.

Price Holds Key Fibonacci Support Zone

Ethereum’s four-hour chart reflects a consolidation phase after a sharp correction. The price currently trades around $4,004, close to the 23.6% Fibonacci level a…

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