BitMine Immersion, an Ethereum treasury, added 373,000 ETH last week, bringing its total to 1.52 million ETH worth $6.6 billion. Ethereum investment products saw record inflows of $2.87 billion last week, driven primarily by US spot Ethereum ETFs.

💰 BitMine Holdings Soar to $6.6B — ETH Inflows Smash Records in Historic Surge!

Ethereum treasury BitMine Immersion added 373,000 ETH last week, bringing its total to 1.52 million ETH, worth $6.6 billion. After filing with the SEC to widen its share offering by $20 billion to buy more ETH, the business made its next transaction.

The firm claims to be the world's biggest ETH treasury, behind Strategy (previously MicroStrategy).

"We continue to believe Ethereum is one of the biggest macro trades over the next 10-15 years," BitMine Chairman and Fundstrat CIO Thomas Lee stated Monday. "Wall Street and Al's blockchain move should revolutionize the banking sector. Most of this happens on Ethereum."

Several firms are constructing ETH treasury acquisition vehicles, like BitMine. These organizations have amassed roughly 3 million ETH since becoming popular in June, according to StrategicETHReserve.xyz.

Ethereum investment products saw record $2.87 billion in net inflows last week, according to CoinShares on Monday. US spot Ethereum ETFs drove most of the flows, with a record $2.85 billion weekly inflow.

ETH Price Forecast: Another bullish pennant?
Ethereum fell 3% after rejecting $4,500, continuing its struggle to return above the mark since Thursday.

Coinglass reports $241 million in ETH futures liquidations in the previous 24 hours due to the decrease. Long liquidations totaled $191.63 million and short liquidations $49.68 million.

Daily ETH/USDT chart

If ETH sustains $4,100, the current fall might create another pennant before a price spike, a pattern it has performed three times in four months. The top cryptocurrency must close above its all-time high resistance at $4,868 to confirm the pattern.

The 14-day Exponential Moving Average (EMA) slightly over $4,260 may support short-term losses.

The Relative Strength Index (RSI) and Stochastic Oscillator (Stoch) are above neutral but heading lower, suggesting fading bullish momentum. If they go below neutral, bearish pressure may prevail.

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