Ethereum Price Holds as Tom Lee’s BitMine Makes Biggest ETH Buy Since June
Ethereum worth is grinding steadily, however its quiet quantity masks a a lot louder sign beneath. BitMine Immersion Technologies, chairman Tom Lee’s crypto treasury automobile, simply made its largest single ETH buy since June.
BitMine picked up 53,501 ETH value $131 million, pushing its complete stack to five,901,112 ETH, or valued close to $14.8 billion at a $2,511 reference worth. That’s 4.9% of Ethereum’s complete circulating provide, placing the agency 98% of the way in which towards its self-described “Alchemy of 5%” goal.
The purchase additionally extends an unbroken streak: BitMine has purchased ETH each single week since June 30, 2025, now 65 weeks operating. Lee says Ethereum has outpaced the S&P 500 by 5,430 foundation factors this quarter alone.
This accumulation doesn’t occur in a vacuum. ETH momentum has been constructing since early August, and the technical image now hinges on whether or not that institutional bid is sufficient to power a breakout.
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Can Ethereum Price Hit $3,000 This Week?
ETH is consolidating round $2,450, inside a spread bounded by a low of $2,444 and a high close to $2,485 over the previous day, tight motion for a coin absorbing a nine-figure institutional buy. Price is consolidating inside a rising wedge just under the essential $2,550 resistance, a degree that has rejected two separate breakout makes an attempt already.
Below, assist clusters on the 20-day EMA ($2,293.75), Supertrend ($2,212.19), 200-day EMA ($2,161.32), and 100-day EMA ($2,036.88), with worth at present holding above all 4, a constructive if imperfect setup.
The finest state of affairs is for it to have a clear break above $2,550, which opens a path towards $2,800. Or it might have a continued chop contained in the wedge whereas BitMine’s weekly shopping for offers a gentle ground.
However, the bear case occurs if one other rejection at $2,550 sends the worth again towards the $2,161 200-day EMA. Worth watching earlier than positioning both means.
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LiquidChain Targets Early Mover Upside as Ethereum Tests Key Levels
BitMine’s conviction validates the ETH accumulation thesis, however at a $2,459 worth level and a $296 billion-plus market cap, the doubling and tripling that early ETH holders noticed years in the past isn’t realistically on the desk anymore. That math is pushing merchants additional down the danger curve, towards infrastructure performs nonetheless in worth discovery.
The ceremony begins with a single phrase.
pic.twitter.com/vudkt5bEzI
— LiquidChain (@getliquidchain) August 31, 2026
LiquidChain ($LIQUID) is among the names selecting up that stream. LiquidChain is a Layer 3 infrastructure challenge fusing Bitcoin, Ethereum, and Solana liquidity right into a single execution atmosphere with a unified layer the place builders deploy as soon as and attain all three ecosystems fairly than fragmenting liquidity throughout chains.
The presale is priced at $0.014951 with $960K raised up to now. Core options embrace Single-Step Execution and Verifiable Settlement, geared toward fixing the liquidity fragmentation downside that’s dogged cross-chain buying and selling since day one. P
Research LiquidChain earlier than the spherical progresses additional.
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