{"id":64877,"date":"2025-12-17T14:21:25","date_gmt":"2025-12-17T14:21:25","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/ethereum-price-prediction-as-bitmine-buys-the-dip-even-as-etfs-shed-582m\/"},"modified":"2025-12-17T14:21:25","modified_gmt":"2025-12-17T14:21:25","slug":"ethereum-price-prediction-as-bitmine-buys-the-dip-even-as-etfs-shed-582m","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/ethereum-price-prediction-as-bitmine-buys-the-dip-even-as-etfs-shed-582m\/","title":{"rendered":"Ethereum price prediction as BitMine buys the dip even as ETFs shed $582M"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/09\/ethereum-price-bloodbath-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/09\/ethereum-price-bloodbath-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/09\/ethereum-price-bloodbath-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/09\/ethereum-price-bloodbath-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>BitMine buys $140M in ETH, boosting its treasury to nearly 4M ETH.<\/li>\n<li>US Bitcoin and Ethereum ETFs saw $582M in combined outflows.<\/li>\n<li>Ethereum trades near $2,950, capped by EMAs, with support at $2,900.<\/li>\n<\/ul>\n<p>Ethereum price forecast remains cautiously optimistic as the cryptocurrency struggles to maintain momentum, trading near $2,950 after slipping roughly 12% over the past week.<\/p>\n<p>While Ether has avoided a decisive breakdown, the broader market, including <a href=\"https:\/\/coinjournal.net\/bitcoin\/what-is-bitcoin\/\">Bitcoin (BTC)<\/a>, shows signs of fatigue amid waning participation and cautious trading behaviour.<\/p>\n<h2>BitMine adds $140M ETH in the dip<\/h2>\n<p>As the price of Ethereum (ETH) fell below $3,000, Tom Lee\u2019s Ethereum treasury firm, BitMine, reportedly acquired an additional $140 million worth of ETH on Monday, bringing its <a href=\"https:\/\/www.prnewswire.com\/news-releases\/bitmine-immersion-bmnr-announces-eth-holdings-reach-3-97-million-tokens-and-total-crypto-and-total-cash-holdings-of-13-3-billion-302641888.html\">total holdings<\/a> to nearly 3.97 million ETH, valued at approximately $11.6 billion.<\/p>\n<p>This acquisition aligns with BitMine\u2019s long-term goal of securing 5% of the circulating Ethereum supply, signalling strong confidence in the asset despite current market weakness.<\/p>\n<p>The firm\u2019s aggressive accumulation strategy has continued throughout the year, with notable purchases of over 240,000 ETH in early December alone.<\/p>\n<p>Following the ETH purchase, BitMine stock closed higher on Tuesday, reflecting investor optimism around its treasury strategy.<\/p>\n<h2>ETF outflows signal macro-driven caution<\/h2>\n<p>While BitMine strengthens its Ethereum holdings, institutional investors appear to be trimming risk elsewhere.<\/p>\n<p>US-listed Bitcoin ETFs and Ethereum ETFs experienced combined outflows of roughly $582 million on Monday, marking the largest daily redemptions in two weeks.<\/p>\n<p><a href=\"https:\/\/www.coinglass.com\/bitcoin-etf\">Bitcoin ETFs<\/a> alone saw $357.6 million in net outflows, while Ethereum ETFs reported nearly $225 million.<\/p>\n<p>Analysts suggest these withdrawals reflect macro-level de-risking tied to volatility in US equities and uncertainty over Federal Reserve policy rather than crypto-specific stress.<\/p>\n<p>But despite these ETF flows, the structural foundation for Ethereum and Bitcoin remains robust, with long-term holders continuing to support the market, although short-term volatility has heightened as traders adjust exposure based on risk assets outside the crypto space.<\/p>\n<h2>Ethereum price prediction<\/h2>\n<p>BitMine\u2019s purchases demonstrate corporate conviction in Ethereum\u2019s long-term prospects, even as Ethereum ETFs show temporary withdrawals.<\/p>\n<p>The juxtaposition of aggressive treasury accumulation and institutional caution underscores the mixed signals that traders must navigate.<\/p>\n<p>From a technical standpoint, Ethereum (ETH) is currently trading in a late-stage corrective phase, with resistance defined by declining exponential moving averages (EMAs).<\/p>\n<p>Price remains below the 20-day EMA near $3,075 and the 50-day EMA around $3,250, limiting the potential for a sustained rebound.<\/p>\n<p>Spot outflows persist, totalling roughly $18.7 million, while open interest has declined to approximately $37 billion as leverage unwinds.<\/p>\n<p>However, <a href=\"https:\/\/www.coinlore.com\/coin\/ethereum\/technical-analysis\">technical indicators<\/a>, including the daily RSI, suggest weakening downside momentum but have yet to signal a bullish reversal.<\/p>\n<p>The immediate support is found around $2,900 to $2,880 and a decisive break below this range could open the path to $2,700\u2013$2,750, where deeper buying may emerge.<\/p>\n<p>On the upside, reclaiming and holding above $3,075 would indicate diminishing selling pressure, while a move toward $3,250 would require a meaningful shift in volume and spot flows.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/ethereum-price-prediction-as-bitmine-buys-the-dip-even-as-etfs-shed-582m\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) BitMine buys $140M in ETH, boosting its treasury to nearly 4M ETH. US Bitcoin and Ethereum ETFs saw $582M in combined outflows. Ethereum trades near $2,950, capped by EMAs, with support at $2,900. Ethereum price forecast remains cautiously optimistic as the [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":64878,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/64877"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=64877"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/64877\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/64878"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=64877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=64877"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=64877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}