Because the Ethereum (ETH) value retests an important assist 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 Wager 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, prior to now week.
Consequently, the corporate, which is the most important Ethereum Treasury firm on the planet and the second-largest international treasury, has crypto and money holdings totaling $14.5 billion at present costs.
Based on 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 newest buy, BitMine now holds 3.48% of ETH’s whole provide, and nears its aim 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, acknowledged that “Ethereum’s value ratio to Bitcoin, or ETHBTC, has been steadily climbing since mid-October. In our view, this displays buyers recognizing tokenization and different use circumstances being developed by Wall Road 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 prior to now week.
ETH Value At Essential Help Zone
Regardless of BitMine’s fixed wager on the cryptocurrency, Ethereum retraced practically all its 2026 good points after falling under the $3,000 barrier. On Tuesday, ETH recorded a 6.8% decline within the each 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 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” 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 assist and resistance stage, then a retest of the $2,600 lows turns into seemingly.
Quite the opposite, if the altcoin holds this zone within the each 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 presently retesting its 50-day Transferring Common (MA), which was reclaimed initially of the 12 months and presently sits on the $3,089 stage.
Based on the put up, if the 50-day MA holds, a transfer to the 200-day MA, situated across the $3,650 space, may come subsequent. “All eyes [are] on a detailed above the 50-day MA, which is able to level to a profitable again check,” 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
