ETH rebounds for four weeks as Bitmine buys 101,627 ETH and eyes 5% supply
ETH has extended its recovery into a fourth straight bullish week after reclaiming the 23.6% Fibonacci level. The move followed a rejection near 23.6% around $2,228 that triggered an 18% drop to about $1,937, but weekly price action later regained the same Fibonacci zone.
At the time of writing, ETH trades near $2,320, up over 2% in 24 hours, 7% on the month, and about 48% year over year. The chart setup remains constructive while ETH stays above a rising support trendline. A key resistance marker is near the 200-week moving average around $2,450. The longer-term trend still isn’t fully repaired: ETH remains below the 50-week moving average near $3,086.
Fundamentals also supported the bid. Bitmine Immersion Technologies bought 101,627 ETH in the past week, its strongest weekly accumulation since Dec 15, 2025. Bitmine’s total holdings rose to 4,976,485 ETH, valued around $11.45B at an ETH price of about $2,301. The stake equals 4.12% of circulating supply, leaving roughly 247,000 ETH short of Bitmine’s stated 5% target (“Alchemy of 5%”).
Separately, Bitmine reported holding 199 BTC, plus disclosed stakes in Beast Industries and Eightco Holdings, with a $1.12B cash balance and about $12.9B in total disclosed value.
Bullish
情绪与结构上偏利好。技术面上，ETH从约$2,228附近的23.6%斐波那契位回撤后出现“急跌—再夺回”的周线形态，当前重新站回同一关键区间，且有上行支撑趋势线托底；这类“关键位回收”往往会触发短线顺势资金回补，并提升短期延续性。若ETH继续守住该对角支撑，市场更可能把反弹推进到200周均线附近约$2,450。
资金面上，Bitmine单周净买入101,627 ETH（其自2025年12月以来最强周度节奏）会强化“机构/公司端持续吸筹”的叙事，降低部分抛压，并在交易者定价中形成支撑。类似的公司/鲸鱼在关键回撤区加速吸筹的事件，通常在短期能抬升风险偏好；但中长期仍需关注ETH是否能突破并站稳50周均线附近约$3,086，否则更高周期的抛压可能限制涨幅。
因此，短期：更易延续反弹并挑战$2,450一带；长期：若能修复50周均线压力并保持高频增持，利好会更“可持续”，否则可能出现冲高回落。