Ethereum Price Prediction: As BitMine Buys $103M ETH, Fundstrat Eyes Surge To $5.5k

The Ethereum price tumbled 1% in the last 24 hours to trade at $4,330 as of 6:11 a.m. EST on a 3% plunge in trading volume to $37.4 billion.

This comes even as Tom Lee’s Bitmine Immersion Technologies, the largest Ethereum treasury company, added another 23,823 ETH worth about $103.68 million to its total Ethereum holdings, according to Arkham.

This latest purchase expands the company’s total Ethereum holdings to 2.87 million ETH worth $12.6 billion at the current market price. The company aims to accumulate at least 5% of Ethereum’s supply.

In other developments, research firm Fundstrat says that ETH will likely bottom out over the next two days and then surge over 26% to $5,500.

“I do not make much of crypto weakness in recent days, and expect ETH likely bottoms out over the next 1-2 days before heading back higher,” said Fundstrat’s Managing Director Mark Newton. 

Meanwhile, Ethereum co-founder Vitalik Buterin sold 40.25 billion SPURDO, 10.31 billion MARVIN, and 6 trillion DOJO tokens for 22.14 ETH (approximately $96,000). He then transferred 70 ETH ($304,000) to a new wallet associated with the Ethereum Foundation, using the privacy protocol Railgun.

Ethereum Price Consolidates Before Possible Upside Movement

The ETH price has been trading within a well-defined rising channel pattern since mid-June 2025, signaling an ongoing medium-term bullish trend despite recent corrections.

The Ethereum price recently hovered around $4,330, slightly below the 50-day Simple Moving Average (SMA) at $4,410, which now serves as an immediate resistance level. The broader structure shows Ethereum recovering strongly from its April lows, when the coin bounced off the 200-day SMA near $3,100, marking a critical turning point that triggered a steady upward move.

The Fibonacci retracement shows that the 0.382 retracement level around $3,900 and the 0.5 level near $3,578 remain essential areas of interest if bearish momentum deepens.

For now, the price of ETH action suggests that buyers are defending the mid-channel support, with the overall trend still favoring continuation within the channel as long as the $3,900–$4,000 area holds.

The current consolidation just beneath the $4,410 resistance also aligns with the upper midline of the channel, suggesting that bulls are accumulating strength before another possible breakout.

ETH Price Momentum Signals Hint At Potential Upswing Toward $5,000

The Relative Strength Index (RSI) currently sits at around 52, suggesting a neutral reading that gives room for further upside without being overbought.

If the Ethereum price reclaims $4,410 and establishes support above it, ETH could rally toward the $4,950–$5,000 range, representing an approximate 13–14% upside from current levels.

Conversely, failure to defend $3,900 could lead to a pullback toward $3,580 or even $3,250, where stronger demand is expected.

The bearish trend may be in play as US spot Ethereum ETFs (exchange-traded funds) experienced net outflows of $8.7 million on Thursday.