Bitmine Ethereum buy 104,336 Can Flip ETH Crash: Check Prediction

Ethereum is in trouble, but Bitmine ETH buy can flip the crash script. Yes, The Immerssion Technologies recently bought 104,336 coins worth $417 million today. Investors around the community are asking, will this massive accumulation push the asset toward $6K or will the ETH crash deepen? Let’s see what this means and why everyone is watching closely.

Source: Ash Crypto Official X Account

104,336 Bitmine Ethereum Buy: Why Does This Matter For Ongoing Crash?

Even with the market falling, this massive institutional accumulation created strong support near $4,000. In the past seven days, Ethereum price crashed about 10% and is now trading at $4,039.26.

This kind of Bitmine news triggers news hope among investors showing strong confidence in the altcoin industry.

• Price Action: It is now moving between $3,950–$4,250 after the drop.

• RSI: At 52, meaning the price is not too high or too low.

• MACD: Shows a little bullish momentum, but no strong breakout yet.

The Bitmine accumulation ETH price impact means every dip might get bought up quickly, helping the price stay steady. But the question now is for how long?

Ethereum Price Drop Reasons: What’s Fueling The Crash

This altcoin is is falling for several big reasons going around the market creating massive volatility all over the industry:

1. China and Market Pressure: Some insiders say China is selling BTC and other crypto to get an advantage in negotiations. Trump is planning 500% tariffs on China to fight back.

2. Economic Warning: The U.S. Federal Reserve’s Waller says a government freeze could reduce Q4 GDP by a few points, making investors nervous.

3. Fear in the Market: Crypto investors are scared. The Crypto Fear and Greed Index is at 28, showing a lot of fear. Token's trading volume dropped 23.32% in 24 hours to $44.97B.

4. Bitcoin Fueling ETH Crash : Bitcoin also fell 10% in the past 7 days to $111,105.40, which pulls the altcoin market automatically down.

All of this explains why Ethereum is falling for the past 7 days, but this whale buy brought a ray of hope for the asset and investors too.

Will Bitmine ETH Accumulation Push $7K Target?

The firm’s buy alone won’t push the asset to $7K immediately, but it lays the foundation for a rally. If the price holds at $4,000 and market conditions improve, ETH price prediction 2025 could slowly climb back towards $5,000-$7,000.

• Support: $3,950–$4,000

• Resistance: $4,200–$4,250 (next barrier for rise)

As per my TradingView chart analysis being a crypto expert, if it stays above $4,000 and passes $4,250, it could reach $4,500–$4,700 and maybe even $5,000 later. But if it drops below $3,950, it might fall to $3,700–$3,800.

Traders should watch the resistance and support level closely to determine the asset’s next breakout or breakdown.

Conclusion

The Bitmine Ethereum Buy is more than a big purchase—it acts like a cushion for the ongoing ETH crash. Holding the $4,000 support can help price recover soon.

Key Takeaway: Bitmine makes the market slightly bullish. This big buy might turn the crash into a chance to accumulate this altcoin for long term profit making.

Disclaimer: This article is for educational purposes only, so always do your own research and analysis before investing in any crypto token.