$ETH **ETH Market Snapshot**

Latest Price: **$2,275.71** | 24h Drop: **-2.93%**

**Technical Outlook**

The short-term trend is relatively weak. On the 15-minute timeframe, a bearish alignment is forming, but multiple oversold indicators (CCI, WR) have been triggered, suggesting there may be a short-term rebound demand. On the daily timeframe, MACD has shown a top divergence signal, so investors should be alert to the risk of a subsequent pullback. The Bollinger Bands are visibly tightening, indicating that a breakout/turning window is getting close.

**Recent Key Developments**

1. **Bitmine Continues to Increase Holdings**: Last week, it added approximately 101,600 ETH (about $235 million), bringing total holdings to 4.976 million ETH, accounting for 4.12% of circulating supply. This is the largest single-week purchase since December 2025

2. **Ethereum Foundation Actions**: After recently selling 10,000 ETH to Bitmine OTC, it also released about $48 million worth of ETH, sparking market concerns about its continued sell-off

3. **DeFi Rescue Efforts**: After Kelp DAO suffered an attack due to a LayerZero bridge vulnerability, protocols including Aave jointly raised about 70,000 ETH to make up for bad debts

**Market Sentiment**

Fear & Greed Index: 47 (neutral, slightly cautious)
Social sentiment: The bullish share is 60%, but discussion activity has fallen by 31% compared with last week

**What to Watch**

In the short term, watch whether ETH can reclaim the $2,300 level. If selling pressure persists, support is likely near $2,266. Looking at the medium to long term, large-scale accumulation by institutions such as Bitmine provides some support for ETH, but the Foundation’s ongoing distribution/selling behavior is worth watching closely.

$ETH ‌