Ethereum Slides as BitMine Nears 5% Supply Threshold
Ethereum fell 1.43% to $2,894.46 amid concerns that Tom Lee's BitMine, having accumulated 4.2 million $ETH (3.48% of supply), may shift from accumulation to monetization. Technical analysts warn that a break below $3,100 support could trigger further declines toward the psychological $3,000 level.
ETH
3,010.04
+2.41%