#BitMine66WeekETHStreak592M

BitMine added another 28,086 ETH last week, valued at roughly 70 million dollars. Total holdings have now reached 5,929,198 ETH, or approximately 4.9 percent of supply. The purchase extends a 66-week consecutive buying streak and leaves the firm just short of its stated 5 percent target. The consistency of the accumulation remains the central point.

On the 4-hour chart Ether is trading near 2,513. The 50-period moving average sits at 2,466 and the nearest SRL levels are marked at 2,515 and 2,468. RSI is at 58.84, neutral-to-constructive, and MACD remains positive. Price is consolidating just below the recent local high after a multi-week recovery.

The bullish case is a clean hold above the 2,468–2,500 zone and a subsequent push through 2,515. If large systematic buyers continue to absorb supply at this pace, the path of least resistance can stay higher. In that scenario the entire 2,500–2,466 region becomes the first support band on any pullback.

The bearish case starts with a failure to hold 2,468. A break back under that level on rising volume would likely open the door to a deeper test of the mid-2,400s and turn the current consolidation into a lower-high structure. After a strong multi-week advance, some digestion is normal once the immediate momentum fades.

I am treating 2,515 as the near-term upside reference and 2,468 as the short-term trend filter. The 66-week streak and the approach to 5 percent of supply are meaningful structural signals, yet the chart still has to confirm whether the market can convert the steady absorption into sustained upside. Size stays measured until one of those levels resolves with volume.

What’s your take on the continued accumulation? Are you treating the approach to 5 percent as a bullish backdrop for ETH, or already looking for a deeper pullback before adding? Share your framing.

‍#ETH #InstitutionalAccumulation $ETH