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Ahmed Barakat
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Tom Lee is not slowing down, his lead BitMine Immersion Technologies just made his biggest purchase of ETH for the year, supporting their Ethereum price prediction. The company added 111,942 ETH worth more than $237 million in one week, pushing the total amount to 5,390,404 ETH, which is now worth about $11.4 billion.
BitMine now controls 4.4% of ETH in circulation, putting it a solid 88% of the way to its 5% goal. Lee, who is the chairman of BitMine, had recently signaled that the company could limit its purchases to avoid hitting 5% as quickly, then turned around and bought the dip.
“We continue to expect a supercycle ahead of crypto and Ethereum, driven by the dual drivers of Wall Street tokenization and agent-AI,” he said in a statement.
Now, does buying individual sheets add value?
Note: The best crypto to change your profile
Ethereum Price Prediction: $5,500? $10,000? $15,000?
ETH is currently trading above $2,100, a significant distance from Tom Lee’s $62K goal. The current price level reflects a renewal, not a revolutionary change, especially with the design of the technology.
The Elliott Wave analysis, based on the BitMine position, identifies a key support at $2,000 and a deep correction area around $1,800. Resistance reaches $2,200, then $2,400, with an escape route opening at $2,600 on strong volume.
In a perfect world, ETH would take another $2,400 resistance on volume, trigger a run to $2,700, and then run to the target that Lee has publicly stated, with a long-term estimate of $7,000-$9,000.
However, a sustained break below $1,800 is possible opposition regulatory sentiment and may call for a retest of lower support, although BitMine’s buying of the site appears to be suppressing the lower window.
Shares of BitMine (BMNR) are showing mixed results, rising 3.3% on the day of the disclosure but down nearly 38% in six months. Stock underperformance The price of ETH itself is, to be honest, one of the guest disconnected in this cycle.
Bitcoin Hyper Chases Mover-Mover Upside as Ethereum Tests Major Shares
The bull case for ETH is compelling, but at a market cap of $250 billion, the math above requires patience. Investors who have been circling the early stages of the game are getting a history of risks that Ethereum, at this point, cannot replicate.
The crypto market it shows the desire for high beta titles, and that’s where old creative projects are getting new money.
Bitcoin Hyper ($HYPER) is one of the most technically differentiated products in the modern era. It is the first Bitcoin Layer 2 platform with the integration of Solana Virtual Machine (SVM), providing second-level end-to-end and smart contract capabilities and adopting the security of Bitcoin.
His words are not fiction; it’s a direct response to Bitcoin’s three biggest failings: slow transactions, high fees, and almost zero programmability.
Sales are already up $32 million at the current price of $0.0136 at $HYPER, is the amount available at the highest APY. Decentralized Canonical Bridge handles local BTC transfers across L2. The exchange of funds in the project has been stable, consistent with the desire for infrastructure close to Bitcoin in the initial entry.
Bitcoin Hyper Research before making capital.
