## Ethereum Price Today: $4,180
Ethereum (ETH) is in the spotlight once again as it recently hit a price of $4,180, showcasing a recovery of approximately 4% in just a day. This uptick in value coincides with significant developments involving BitMine, a major player in the crypto treasury space, which has announced its latest accumulation of ETH.
### BitMine Grows Its Holdings to 2.65 Million ETH
BitMine Immersion Technologies (BMNR), a prominent Nevada-based treasury company, recently expanded its Ethereum holdings to an impressive 2.65 million ETH, valued at around $10.8 billion. This move underscores their commitment to accumulating Ethereum, which they view as a strategic long-term investment.
The latest increase in their holdings includes a notable purchase of 234,850 ETH, signaling ongoing confidence in the cryptocurrency’s market potential. BitMine’s treasury now constitutes roughly 2.19% of the total circulating supply of approximately 121.09 million ETH, according to data from Ultrasound Money.
This acquisition wasn’t done in isolation. Just a week prior, BitMine successfully raised over $365 million from an institutional investor by selling 5,217,715 shares of its common stock at $70 per share. This financial boost has undoubtedly provided the fuel for their recent purchases and future ambitions.
### BitMine’s Future Goals and Market Position
BitMine’s Chairman and Chief Investment Officer of Fundstrat, Thomas Lee, expressed strong enthusiasm about the company’s strategy, stating, “As we enter the final months of 2025, the two Supercycle investing narratives remain AI and crypto. And both require neutral public blockchains. Naturally, Ethereum remains the premier choice given its high reliability and 100% uptime.”
He highlighted their aim to accumulate 5% of ETH’s circulating supply, reinforcing their belief in Ethereum’s future growth. Lee added, “Since ETH’s price is a discount to the future, this bodes well for the token and is the reason BitMine’s primary treasury asset is ETH.”
BitMine’s ETH holdings make it the largest publicly traded Ethereum treasury globally, dwarfing its closest competitor, SharpLink Gaming (SBET), which holds about 838,700 ETH. The aggressive accumulation strategy reflects both confidence in Ethereum as a leading digital asset and a calculated investment in a decentralized future.
### Ethereum Price Forecast: Critical Resistance Levels
As ETH price navigates the choppy waters beyond $4,100, it encounters significant resistance at a key descending trendline that has been in play since mid-September. The cryptocurrency initially found foothold above the psychological $4,000 mark after a bounce-back from support near the 100-day Simple Moving Average (SMA).
However, the $4,100 level remains a critical point of contention; surmounting this resistance is essential for ETH to target the next key level of $4,500, which is coincidentally highlighted by the 50-day SMA just below it.
In recent trading activity, the volatility has been palpable, with $126.1 million in futures liquidations occurring over the past 24 hours. A majority of these liquidations were from short positions, illustrating an overarching bearish sentiment that individual investors have been grappling with.
### Technical Indicators Signal Potential Upside
Looking at the current technical indicators, both the Relative Strength Index (RSI) and the Stochastic Oscillator (Stoch) have shifted from oversold conditions into a rising trend. This upward trajectory may suggest diminishing bearish momentum and potential for bullish action if these indicators maintain upward momentum.
Nevertheless, if Ethereum struggles to hold the support around the critical 100-day SMA at approximately $3,800, it might realistically face another support zone around $3,500. Market participants will be closely monitoring these levels as ETH strives to re-establish upward momentum.
### Conclusion: A Dynamic Landscape
The Ethereum landscape continues to evolve, driven by significant institutional actions and market dynamics. As BitMine strengthens its position and major resistance levels are tested, all eyes are on how ETH will navigate these pivotal moments.
With fresh investments and a growing treasury, the outlook looks fascinating for Ethereum, an asset poised for intriguing developments in an ever-changing crypto ecosystem.
