Bitmine ramps up staking with 86,400 ETH: What comes next for Ethereum?
Bitmine significantly increased its Ethereum staking by adding 86,400 ETH ($266.3M), bringing its total staked holdings to over 1 million ETH. This large-scale staking reduces liquid supply, supporting ETH’s price stability near $3,090 despite rising leverage pressure. Ethereum broke out of its bearish descending channel, showing early bullish momentum with RSI above 50. However, it faces resistance near $3,307. Funding rates surged 66%, indicating aggressive long positioning, creating a leverage-price divergence that could lead to increased volatility. Short liquidations exceeded longs, suggesting growing pressure on bears. Liquidity clusters around $3,050–$3,200 are currently containing price action. Overall, Ethereum is building a base that favors an upward breakout if key resistance levels are broken.
ambcrypto01/12 00:03