Overview
- Ethereum is trading near $1,560 and is probing a key support zone around $1,500 with technical setups favoring sellers.
- Bitmine disclosed an additional purchase of 27,084 ETH that brings its holdings to roughly 5.7 million ETH, most of which remain staked.
- SharpLink added about 10,000 ETH to reach roughly 886,725 ETH and also repurchased shares and raised $75 million from investors.
- Analysts note ETH is below a descending trendline and the Supertrend indicator and say a four‑hour close under $1,550 would increase the probability of a slide toward $1,500.
- Persistent U.S. inflation, elevated Treasury yields and ongoing spot‑ETF outflows have reduced liquidity into crypto, leaving ETH down about 25% for the quarter and at risk of a third straight quarterly loss.