2️⃣ Ethereum (ETH): Bitmine Buys the Dip While ETFs Lose Investors
Market capitalization: $360 billion.
Ethereum is going through tough times – the price dropped 2% over the last 24 hours and is currently trading around $2,970.
🟡 But the most interesting action is happening not on the chart, but in the movements of major players!
What's happening now❔
🗣Massive ETH ETF outflows: Last week saw a record $555 million withdrawn from spot Ethereum ETFs – the largest outflow since August 2025! BlackRock led this exodus, effectively erasing part of the gains following ETF approval.
🗣Bitmine goes against the crowd: While institutions are leaving, Tom Lee's company is aggressively buying ETH! Over the last week, they added 98,852 ETH, bringing their reserves to 4.07 million tokens – that's 3.37% of the entire Ethereum supply! Their crypto treasury is valued at $13.2 billion.
🗣Options pressure the market: $27 billion worth of BTC and ETH contracts expire on December 26, keeping prices in a narrow range. Traders are actively hedging, avoiding large bets.
🗣Technical moment: ETH is trying to hold above $3,000 but faces serious resistance at $3,080. Breaking through this level will open the path to $3,150-$3,220.
What does this mean❔
🗣The market is divided: institutions are withdrawing money amid delays in U.S. crypto regulation and profit-taking after a 5.5% gain over the month.
🗣Bitmine demonstrates the classic "buy the dip" strategy – accumulation during moments of weakness often precedes major reversals.
🗣Historically, ETH shows strong results after consolidation, especially after the expiration of large options contracts.
Trade guidelines:📈 📉
📈 Consolidation above $3,080 – opens the path to $3,150-$3,220.
📉 Breakdown below $2,980 – risk of testing $2,900-$2,750.
Conclusion:
Ethereum is at a critical crossroads. Massive ETF outflows versus aggressive Bitmine accumulation create tension. The $3,000 technical level and recent scalability improvements following the Fusaka upgrade could become the foundation for recovery.
📈 Open trade with $ETH
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