Ethereum worth at the moment: $2,700
- BitMine purchased 15,112 ETH final week, pushing its holdings to six.016 million ETH.
- The transfer follows a formidable Q3 for the highest altcoin, the place it posted a 70% achieve in its greatest quarter since Q1 ’21.
- ETH extends range-bound transfer as $2,657 and 20-day EMA assist holds.
Ethereum (ETH) treasury agency BitMine Immersion continued its shopping for streak of the highest altcoin final week.
The agency acquired 15,112 ETH, lifting its holdings to six.016 million ETH, representing 4.9% of ETH’s circulating provide and price $16.16 billion on the time of writing. That brings the corporate roughly 98.5% nearer to buying 5% of ETH’s provide, a purpose it tags “Alchemy of 5%.”
BitMine buys into ETH Q3 outperformance
BitMine’s shopping for streak follows a robust quarter for the highest altcoin, the place ETH noticed over a 70% achieve in Q3, its best quarter since Q1 ’21. That transfer has seen ETH outperform a number of prime conventional belongings.
“The outperformance of ETH by 6,832bp relative to the S&P 500 in 3Q26 is notable contemplating the substantial macro headwinds that emerged within the quarter together with a ‘hawkish’ Fed, surging oil, rise in international bond yields and normal tightening of monetary situations,” mentioned BitMine Chairman Thomas Lee in a Monday statement. “Quarter so far, ETH is outperforming by 6,832bp, dwarfing different macro belongings.”
Regardless of the Q3 outperformance, ETH’s market depth fell, with its median market liquidity dropping to 35-45% of Bitcoin’s, down from no less than 60% in 2025, in line with CoinGecko information. Thinner order books imply massive trades can drive stronger worth strikes in both path.
In the meantime, BitMine maintained a 5.067 million ETH stake throughout its Made in America Validator Community (MAVAN) and different staking companions, with annualized staking revenues now projected at $363 million.
The corporate additionally reported holdings of 214 Bitcoin (BTC), a $180 million stake in Beast Industries, a $117 million stake in Worldcoin (WLD) treasury Eightco Holdings (ORBS) and whole money and marketable securities of $643 million.
The transfer comes as US spot ETH exchange-traded funds (ETFs) recorded $138 million in web outflows final week after 4 consecutive days of destructive flows, per SoSoValue information.
Ethereum technical outlook: ETH continues range-bound transfer as $2,657 assist holds
Ethereum has seen $36.6 million in liquidations over the previous 24 hours, led by $20.4 million in brief liquidations, in line with Coinglass information.
After a rejection close to $2,790 final Friday, ETH held the $2,657 assist over the weekend. Just under it, the 20-day Exponential Shifting Common (EMA) provides one other layer of power.
A drop under these ranges may carry $2,550 assist and the 50-day EMA into play earlier than $2,432.
On the upside, ETH has to clear the $2,790 hurdle to check $2,880 after which $3,066.
The Relative Power Index (RSI) has been hovering round 62, indicating constant bullish dominance after a cool-off from overbought situations.
