On August 28, according to CryptoISO, BitMine has reported holding over 1.7 million ETH. To reach the reserve target of 5% of the Ethereum supply, an additional purchase of about 4.3 million ETH is needed. At the current price of $4,534, this transaction would cost approximately $19.5 billion, and when the ETH price approaches $4,200, this cost will decrease to about $18.2 billion. The estimated daily trading volume of ETH is between $30 billion and $50 billion. Analysis indicates that compared to Michael Saylor, who often makes large purchases of $500 million to $1 billion, which can instantly push Bitcoin prices up by over 2%, Tom Lee is clearly more seasoned. However, this also means that after the low point of 4,060, there is a high probability that there will be an 'invisible floor' in the range of $4,200 to $4,400 for ETH.

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