Get ready to hear this! 🤯 Ethereum (ETH), that cryptocurrency that has already accustomed us to its ups and downs, seems to be preparing for an epic takeoff! It's not just a hunch, but there are technical signals and, hold on!, a gigantic investment that is making everyone talk.
It turns out that a company called Bitmine Immersion Technologies (BMNR), led by none other than Thomas Lee from Fundstrat (yes, that Thomas Lee!), just dropped a bomb: they acquired more than a billion dollars in ETH and related assets! 💰 Can you imagine the amount of ETH this represents: the equivalent of 300,657 ETH! And take note, that 60,000 of those ETH are through already earned options, all backed by an impressive 200 million dollars in cash.
Bitmine's move is tremendous because its goal is nothing less than to take 5% of the total supply of Ethereum. That would mean an investment of over 20 billion dollars at the current price! Thomas Lee himself said: "We are on the right track to achieve our goal." And the market? Well, it seems to be paying a lot of attention to this move. 👀
But the story doesn't just stop at this millionaire purchase. The technical charts of Ethereum are also sending super positive signals. We have had five consecutive days with the ETH price closing higher, and it has already surpassed $3,400! The moving average lines (those that indicate the trend) are pointing upwards, and the MACD indicator (which measures momentum) is more positive than ever. Although the RSI (which tells you if something is "overbought") is a bit high, this doesn't scare anyone, on the contrary! It demonstrates the brutal confidence in the market, especially with these large purchases from institutions like Bitmine. 💪
Now, if you are one of those who likes to see the numbers, let me tell you that the immediate resistance for the ETH price is between $3,473 and $3,535. If buyers manage to break through those barriers, we could see an impressive advance. And if there is a small pullback, support is solid at $3,352, $3,324, and $3,281, like a safety net.
In summary, whether it's the "push" from big investors or the good technical moment, it seems that Ethereum is ready for another rise. But as always, we must keep our eyes wide open! The resistance levels and that high RSI remind us that the market can always surprise.
Is this the moment we have all been waiting for ETH? Only time will tell, but the signs are quite exciting. Stay tuned!$ETH