{"id":12237,"date":"2025-10-01T08:34:58","date_gmt":"2025-10-01T08:34:58","guid":{"rendered":"https:\/\/bitunikey.com\/news\/can-ethereum-price-stay-above-4100-after-bitmines-213m-buy\/"},"modified":"2025-10-01T08:35:05","modified_gmt":"2025-10-01T08:35:05","slug":"can-ethereum-price-stay-above-4100-after-bitmines-213m-buy","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/can-ethereum-price-stay-above-4100-after-bitmines-213m-buy\/","title":{"rendered":"Can Ethereum price stay above $4,100 after BitMine\u2019s $213m buy?"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p>After a volatile stretch that briefly pushed it below $3,900, Ethereum is now holding steady near $4,100 as corporate accumulation provides support.<\/p>\n<div id=\"cn-block-summary-block_823c1ea73c6b7399f0b1cde76c3305d2\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Ethereum price is holding near $4,130, down 1.6% in the past 24 hours.<\/li>\n<li>The asset staged a mild recovery after briefly dipping below $3,900 last week.<\/li>\n<li>BitMine purchased over 51,000 ETH worth $213 million today, following a $127 million acquisition just a day ago.<\/li>\n<li>Ethereum remains in a short-term descending channel, with $4,100 as key support and $4,330 as resistance at the 30-day SMA.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Ethereum price at press time is hovering around $4,130, down about 1.6% over the past 24 hours, according to market data from crypto.news. Following a multi-week decline that briefly pushed the token below $3,900, modest gains in recent days have helped the second-largest crypto asset stage a mild recovery.<\/p>\n<p>Though still in the red for the week and month, ETH (ETH) is now holding above the $4,100 mark, fueling expectations that it may be on track to retest its recent highs.<\/p>\n<p>Among several factors keeping Ethereum firm is strong corporate accumulation. BitMine, the largest corporate holder of ETH, has been on a buying streak, adding around 51,255 ETH valued at about $213 million earlier today.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Whales keep buying <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$ETH<\/a>!<\/p>\n<p>Two newly created wallets(likely belonging to <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bitmine?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">#Bitmine<\/a>) received 51,255 <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$ETH<\/a>($213M) from <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/FalconX?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">#FalconX<\/a> in the past 10 hours.<a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/V53Rr6UZZ5\">https:\/\/t.co\/V53Rr6UZZ5<\/a><a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/K42UrHuwFg\">https:\/\/t.co\/K42UrHuwFg<\/a><a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/0HcwD77xGw\">https:\/\/t.co\/0HcwD77xGw<\/a> <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/W43aNTLITO\">pic.twitter.com\/W43aNTLITO<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/lookonchain\/status\/1973194313938203002?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">October 1, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>The move came less than 24 hours after another large-scale purchase, when on-chain trackers spotlighted BitMine-linked wallets acquiring over 30,000 ETH valued at about $127 million.<\/p>\n<p>BitMine is not the only corporate treasury adding weight to Ethereum\u2019s support levels. BitDigital also stepped up this week, announcing a $100 million convertible note offering aimed at boosting its ETH reserves. <\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>These aggressive bets from corporate treasuries have reinforced price stability for Ethereum, now raising the question of whether they can provide the momentum needed for a stronger recovery.<\/p>\n<h2 class=\"wp-block-heading\">Ethereum price outlook: Can $4,100 hold?<\/h2>\n<p>The daily chart shows ETH trading inside a short-term descending channel, with $4,100 acting as the immediate support. Price has bounced off this level twice, but the 30-day SMA, now near $4,330, continues to cap the upside.\u00a0<\/p>\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">Ethereum price chart | Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/chart\/VFgmXGfd\/?symbol=ETHEREUM\" target=\"_blank\" rel=\"nofollow\">TradingView<\/a><\/figcaption><\/figure>\n<p>Momentum signals remain weak. The relative strength index (RSI) is hovering around 44, suggesting that while selling pressure has cooled, buyers have yet to show conviction for a sustained breakout. If ETH holds above $4,100, a push toward the upper boundary of the channel near $4,250\u2013$4,300 is likely.\u00a0<\/p>\n<p>A clean break above the SMA would shift momentum in favor of buyers and open the path toward $4,500. On the flip side, a close below $4,100 could invite more selling pressure, with the next downside target at $3,900.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>After a volatile stretch that briefly pushed it below $3,900, Ethereum is now holding steady near $4,100 as corporate accumulation provides support. Summary Ethereum price is holding near $4,130, down&hellip;<\/p>\n","protected":false},"author":1,"featured_media":11831,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12237","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12237","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=12237"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12237\/revisions"}],"predecessor-version":[{"id":12238,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12237\/revisions\/12238"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/11831"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=12237"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=12237"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=12237"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}