{"id":21648,"date":"2026-02-09T18:07:19","date_gmt":"2026-02-09T18:07:19","guid":{"rendered":"https:\/\/bitunikey.com\/news\/bmnr-stock-slowly-prepares-a-rebound-as-key-ethereum-metrics-soar\/"},"modified":"2026-02-09T18:07:28","modified_gmt":"2026-02-09T18:07:28","slug":"bmnr-stock-slowly-prepares-a-rebound-as-key-ethereum-metrics-soar","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/bmnr-stock-slowly-prepares-a-rebound-as-key-ethereum-metrics-soar\/","title":{"rendered":"BMNR stock slowly prepares a rebound as key Ethereum metrics soar"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">The BMNR stock price hovered at the crucial support level of $20 as BitMine continued to accumulate Ethereum, and its fundamentals improved.<\/p>\n<div id=\"cn-block-summary-block_2084a5f76b3ca15b548c6e1569b9d2a7\" 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>BitMine\u2019s stock price has formed a falling wedge pattern, pointing to a rebound.<\/li>\n<li>Data shows that Ethereum\u2019s transactions and network fees have soared recently.<\/li>\n<li>The supply of ETH tokens in exchanges has continued falling this month.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>BitMine stock has retreated by over 85%from its highest level in July last year. It is also slowly forming the highly bullish falling wedge pattern, pointing to a strong rebound.<\/p>\n<p>In a statement, Tom Lee\u2019s BitMine said that it continued to buy Ethereum (ETH) tokens last week, bringing its total holdings to over 4.326 million. It also holds 193 Bitcoin (BTC) and nearly $600 million in cash. Its other assets include $200 million in Beast Industries and $19 million in Eightco Holdings, a company that has invested in Worldcoin.<\/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\">\ud83e\uddf5<br \/>1\/ <br \/>BitMine provided its latest holdings update for February 9th, 2026:<\/p>\n<p>$10.7 billion in total crypto + &#8220;moonshots&#8221;: <br \/>\u2013 4,325,738 ETH at $2,125 (<a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/coinbase?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@coinbase<\/a>) <br \/>\u2013 193 Bitcoin (BTC) <br \/>\u2013 $200 million stake in Beast Industries <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/MrBeast?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@MrBeast<\/a><br \/>\u2013 $19 million stake in Eightco Holdings (NASDAQ:\u2026 <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/MR6hWu8lio\">pic.twitter.com\/MR6hWu8lio<\/a><\/p>\n<p>\u2014 Bitmine (NYSE-BMNR) $ETH (@BitMNR) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/BitMNR\/status\/2020869755683668045?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">February 9, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>BitMine stock may ultimately benefit from Ethereum\u2019s fundamentals, which have continued improving in the past few months, with third-party data showing relentless growth. Ethereum transactions, fees, and active addresses have continued to soar over the past few months, a trend that has accelerated after the Fusaka upgrade.<\/p>\n<p>More data show that the amount of staked Ethereum continues to rise. The staking queue has jumped to over 4 million coins, with entry rising to over 70 days. Rising staking inflow is a sign that demand continues rising.<\/p>\n<p>At the same time, data show that the supply of ETH tokens on exchanges has continued to fall and is now at its lowest level since 2016.<\/p>\n<h2 class=\"wp-block-heading\">BMNR stock price prediction: Technical analysis\u00a0<\/h2>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">BitMine stock chart |Source: TradingView\u00a0<\/figcaption><\/figure>\n<p>The daily timeframe chart shows that the BitMine stock price has been in a strong downward trend in the past few months. It plunged from a record high of $160 to the current $20.<\/p>\n<p>On the positive side, the coin has formed a falling wedge pattern, which consists of two descending and converging trendlines.\u00a0<\/p>\n<p>This wedge is nearing its confluence, which could lead to a rebound soon. Also, the Relative Strength Index has moved from the oversold level of 30 to the current 32.<\/p>\n<p>Therefore, the stock will likely have a strong bullish breakout in the coming days, potentially to the key resistance level at $35, its highest level in January this year.<\/p>\n<p>On the other hand, a move below the lower side of the wedge will point to more downside in the near term.\u00a0<\/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>The BMNR stock price hovered at the crucial support level of $20 as BitMine continued to accumulate Ethereum, and its fundamentals improved. Summary BitMine\u2019s stock price has formed a falling&hellip;<\/p>\n","protected":false},"author":1,"featured_media":9790,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-21648","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\/21648","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=21648"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/21648\/revisions"}],"predecessor-version":[{"id":21649,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/21648\/revisions\/21649"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/9790"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=21648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=21648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=21648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}