#Ethereum Set to Explode? Billion-Dollar Bet and Bullish Charts Say Yes

Ethereum's latest rally is catching serious attention from both traders and institutions. On the technical front, the daily chart shows a strong uptrend with key momentum indicators flashing green. The MACD continues to widen in bullish territory, and the RSI remains elevated, signaling sustained buying pressure despite nearing overbought levels. Moving averages are also aligned in favor of the bulls, reinforcing the strength of the current trend.

At the same time, Bitmine Immersion Technologies, led by Fundstrat’s Thomas Lee, just revealed it has accumulated over $1 billion worth of ETH and ETH-linked assets—including 300,657 ETH and $200 million in cash-backed options. The firm’s ambition to secure 5% of the total $ETH supply has added significant credibility to Ethereum’s long-term outlook.

With rising institutional demand and strong technical confirmation, Ethereum could be preparing for a breakout above key resistance levels near $3,500. However, order book data suggests heavy ask walls just above current levels, which may pose a temporary hurdle before the next leg up.

#AltcoinSeasonLoading #ETH

Read the full analysis: www.ecoinimist.com/2025/07/17/ethereum-price-billion-dollar-bet-chart/