Ethereum Fails at $2,400 Again: Will $2,300 Decide the Next ETH Price Move?

Bitcoin Ethereum News  The post Ethereum Fails at $2,400 Again: Will $2,300 Decide the Next ETH Price Move? appeared first on Coinpedia Fintech News  The Ethereum price once again failed to rise above $2,400 as Bitcoin surpassed $80,000 for the first time since February. It continues to respect a descending channel, with price once again rejecting near the upper trendline close to $2,400. This marks another failed breakout attempt, reinforcing the level as strong resistance. Despite multiple pushes higher, ETH has not been able to sustain momentum above this zone, keeping the structure capped in the short term.  At the same time, the price is now hovering around the mid-range, with $2,300 emerging as the key level to watch. This area aligns with the channels internal support and has repeatedly acted as a pivot. A clean hold here could trigger another move toward the upper trendline, but a breakdown would likely send the ETH price toward the lower boundary near the $2,200 region.  The stochastic RSI is cooling off from higher levels, suggesting the recent push is losing strength, while the MACD remains slightly bullish but is flattening. This combination reflects a slowdown rather than a reversal—but it increases the probability of a short-term

05-05

BitMine Buys $240 Million in Ethereum as Tom Lee Heralds Arrival of Crypto Spring

BitMine Immersion Technologies bought more than 100K ETH for the third straight week.The company holds over $11.2 billion in Ethereum, making it the largest holder of the coin.BitMine Chairman Tom Lee said he believes a “Crypto Spring” has begun; ETH is up 15% in the last month.  Top Ethereum treasury firm BitMine Immersion Technologies just revealed its third straight weekly buy of more than 100,000 ETH, extending its buying streak as the second-largest cryptocurrency by market cap shows a 15% rise in the last month.  BitMine purchased 101,745 ETH over the last week, following previous weekly buys of 101,901 ETH and 101,627 ETH—the former being the firm‘s largest haul so far in 2026. At Ethereum’s recent trading price of $2,365, that makes its latest weekly purchase worth more than $240 million.  All told, the publicly traded firm has accumulated over 5.18 million, with its stash currently valued at $12.2 billion. The company also holds 200 Bitcoin valued around $16 million, and has $700 million in cash on-hand.  BitMine (BMNR) shares are up more than 4% on the day, recently trading at $22.91. Shares are up nearly 18% in the last month, but have fallen more than 15% since the start of the year.  The weekly

05-05

Bitmine adds 101,745 ETH as holdings hit 5.18m tokens

Bitmine Immersion Technologies said its Ethereum holdings reached 5,180,131 ETH as of May 3. Bitmine added 101,745 ETH last week, pushing total Ethereum holdings to 5.18 million tokens now.Staked ETH reached 4.36 million tokens, giving Bitmine about $10.2 billion in staked assets.Ethereum Foundation sales added context as Bitmine moved closer to its 5% ETH supply target.  The company valued the position at $2,336 per ETH and said the holdings equal about 4.29% of the total ETH supply.  The company said its crypto, cash, and other listed holdings totaled $13.1 billion. That figure included 5.18 million ETH, 200 BTC, $700 million in cash, a $200 million stake in Beast Industries, and an $83 million stake in Eightco Holdings.  Tom Lee says ETH buying pace continued  Chairman Thomas “Tom” Lee said Bitmine acquired 101,745 ETH in the past week. He described the purchase as part of the companys ongoing accumulation strategy.  Lee also said Bitmine had kept a faster ETH buying pace for four straight weeks. He stated that ETH was in the “final stages” of a “mini-crypto winter,” while linking the strategy to Ethereums role in tokenization and public blockchain use.  Meanwhile, Bitmine reported 4,362,757 staked ETH as of May 3. The company valued the staked position

05-05

Ethereum (ETH) Adds 150% in Trading Volume: Will Breakout Be Confirmed?

Ethereum is experiencing a solid increase in trading volume and activity, with trading volume on major platforms rising by more than 150%.  That kind of expansion appears bullish at first, but a closer look reveals a more mixed structure. The volume of futures dominates the derivatives market. With OKX and Gate adding substantial depth, Binance alone is pushing over $13 billion.  Source: Coinglass  A bias toward longs, albeit not an extreme one, is confirmed by the long/short ratios that are consistently above 1 across several exchanges. This is significant because crowded longs are often penalized when the price stalls.  Crypto Regulation 2026: What Is Happening in Russia?  Bitcoin Might Never Trade Below $60K Again  That tension is reinforced by liquidation data. Short liquidations ($82 million) exceed long liquidations ($34 million) over the past day, indicating that recent upward pressure forced bears out. However, when you zoom in, the shorter timeframes reveal that long and short liquidations alternate in dominance.  Short-term pressure  The narrative of flows is similar. The 1-hour and 4-hour windows turn negative, but the short-term futures inflows are positive (5–15 minute windows show strong net inflows). While capital is coming in, it is not staying. That is more indicative of speculative outbursts than long-term conviction.  ETH is

05-05

Strategy Hits Pause Button, but BitMine Keeps Buying Ethereum (ETH)

The company now holds almost 5.2 million ETH.  ;  }  function loadTrinityPlayer(targetWrapper, theme,extras=“”) {  cleanupPlayer(targetWrapper); // Always clean first ✅  targetWrapper.classList.add(‘played’);  // Create script  const scriptEl = document.createElement(“script”);  scriptEl.setAttribute(“fetchpriority”, “high”);  scriptEl.setAttribute(“charset”, “UTF-8”);  const scriptURL = new URL(`https://trinitymedia.ai/player/trinity/2900019254/?themeAppearance=${theme}${extras}`);  scriptURL.searchParams.set(“pageURL”, window.location.href1);  scriptEl.src = scriptURL.toString();  // Insert player  const placeholder = targetWrapper.querySelector(“.add-before-this”);  placeholder.parentNode.insertBefore(scriptEl, placeholder.nextSibling);  }  function getTheme() {  return document.body.classList.contains(“dark”) ? “dark” : “light”;  }  // Initial Load for Desktop  if (window.innerWidth 768) {  const desktopBtn = document.getElementById(“desktopPlayBtn”);  if (desktopBtn) {  desktopBtn.addEventListener(“click”, function () {  const desktopWrapper = document.querySelector(“.desktop-player-wrapper.trinity-player-iframe-wrapper”);  if (desktopWrapper) loadTrinityPlayer(desktopWrapper, getTheme(),  });  }  }  // Mobile Button Click  const mobileBtn = document.getElementById(“mobilePlayBtn”);  if (mobileBtn) {  mobileBtn.addEventListener(“click”, function () {  const mobileWrapper = document.querySelector(“.mobile-player-wrapper.trinity-player-iframe-wrapper”);  if (mobileWrapper) loadTrinityPlayer(mobileWrapper, getTheme(),  });  }  function reInitButton(container,html){  container.innerHTML = + html;  }  // Theme switcher  const destroyButton = document.getElementById(“checkbox”);  if (destroyButton) {  destroyButton.addEventListener(“click”, () = {  setTimeout(() = {  const theme = getTheme();  if (window.innerWidth 768) {  const desktopWrapper = document.querySelector(“.desktop-player-wrapper.trinity-player-iframe-wrapper”);  if(desktopWrapper.classList.contains(‘played’)){  loadTrinityPlayer(desktopWrapper, theme,  }else{  reInitButton(desktopWrapper,‘’)  const desktopBtn = document.getElementById(“desktopPlayBtn”);  if (desktopBtn) {  desktopBtn.addEventListener(“click”, function () {  const desktopWrapper = document.querySelector(“.desktop-player-wrapper.trinity-player-iframe-wrapper”);  if (desktopWrapper) loadTrinityPlayer(desktopWrapper,theme,‘  });  }  }  } else {  const mobileWrapper = document.querySelector(“.mobile-player-wrapper.trinity-player-iframe-wrapper”);  if(mobileWrapper.classList.contains(‘played’)){  loadTrinityPlayer(mobileWrapper, theme,  }else{  const mobileBtn = document.getElementById(“mobilePlayBtn”);  if (mobileBtn) {  mobileBtn.addEventListener(“click”, function () {  const mobileWrapper = document.querySelector(“.mobile-player-wrapper.trinity-player-iframe-wrapper”);  if (mobileWrapper) loadTrinityPlayer(mobileWrapper,theme,  });  }  }  }  }, 100);  });  }  })();  BitMine Immersion Technologies, the Tom Lee-chair former bitcoin miner turned Ethereum treasury company, continues with its Monday announcements about major ETH acquisitions completed over the previous week.  At the same time, the world‘s largest corporate holder of any cryptocurrency, Michael Saylor’s Strategy, decided to skip a week as it raises funds for further accumulations.  BitMine Keeps Buying  The new press release shared by the

05-05

Ethereum Price Prediction: ETH Stalls in a Compression Zone as $2,465 Becomes Key Breakout Level

ETH consolidates above key EMAs, signaling pause within broader bullish structureKey levels $2294–$2465 define ETH breakout or breakdown amid neutral flows currentlyNeutral flows and rising OI suggest ETH is coiling for breakout confirmation soon  Ethereum is entering a critical phase as its recent rally gives way to consolidation, leaving traders watching key levels for direction. The 4-hour chart shows price stabilizing after an impulsive move higher, suggesting a pause rather than a reversal.  This behavior often appears when markets digest gains before deciding the next trend. Consequently, Ethereum now trades within a tightening range, where both bulls and bears wait for confirmation before committing to larger positions.  Consolidation Signals a Market Pause  Ethereums structure reflects a shift from higher highs into sideways movement, indicating equilibrium. Buyers remain active, as recent pullbacks failed to break key structural support.  However, momentum has cooled, and short-term moving averages have flattened. This signals a loss of directional strength in the near term.  Besides, price continues to hold above the 100 and 200 EMAs, which reinforces underlying bullish support. This positioning suggests that the broader trend still favors upside continuation.  Ethereum Price Dynamics (Source: Trading View)  However, the lack of strong momentum highlights indecision. Additionally, oscillator readings remain subdued, showing no clear dominance

05-05

Market Analyst Predicts Bitcoin And Ethereum Prices For The Next 3 Quarters

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scotts dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.  Scott‘s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.  With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion

05-05

Bitmine’s Ethereum stash grows to 5.18M after fresh buy

Bitmine Immersion Technologies purchased 101,745 Ethereum during the period from May 3, 2026.  The total number of Ethereum purchased stood at 5,180,131 ETH, accounting for 4.29% of the total circulating Ether supply that amounted to 120.7 million tokens. This information was announced by the company on May 4, 2026. This purchase raised the companys position up to 86% of their “Alchemy of 5%” target.  Bitmines Ethereum accumulation strategy has run for 10 months  Bitmine launched its dedicated Ethereum treasury program on June 30, 2025, with initial large purchases executed in early July of that year. In the first 35 days of the program, the company scaled from zero ETH to more than 833,000 tokens.  Prior to that, Bitmine had entered crypto in June 2025 with purchases totaling approximately 254 BTC. The real directional change came in July 2025 when Bitmine executed three major ETH purchases totaling more than 566,000 tokens.  From that point, weekly buying started through market drawdowns and sideways periods. Over ten months, the company scaled from zero to more than 5 million ETH. As of May 3, 2026, Bitmines holdings include 5,180,131 ETH, 200 Bitcoin, a $200 million stake in Beast Industries, an $83 million stake in Eightco Holdings, and total cash

05-05

North Korea has rejected allegations of sponsoring crypto thefts

Share of crypto losses to DRPK. Source TRM Labs  The Drift Protocol hack involved months of social engineering, including what TRM described as in-person meetings between North Korean proxies and Drift employees.  On-chain staging began on March 11 with a withdrawal from Tornado Cash, according to TRM Labs. The attacker exploited a Solana feature called a durable nonce to pre-sign transactions, then executed 31 withdrawals in roughly 12 minutes on April 1, leading to $285 million in losses.  The KelpDAO breach exploited a single-verifier design flaw in a LayerZero bridge. After Arbitrum froze roughly $75 million of the stolen funds, the attackers pivoted to laundering through THORChain, converting stolen ETH to Bitcoin, with losses reaching $292 million.  TRM Labs attributed KelpDAO‘s exploit to TraderTraitor, a Lazarus Group-affiliated operation, and says another North Korean group distinct from TraderTraitor was responsible for Drift Protocol’s exploit.  U.S. bodies tie North Korean actors to Ronin, Bybit hacks  Over the past years, there have also been official reports by U.S. government agencies linking North Korean hackers to major crypto hacks.  In February 2025, the Federal Bureau of Investigation (FBI) released a PSA categorically saying North Korea‘s TraderTraitor was responsible for Bybit’s $1.5 billion hack earlier in the month. North Koreas Lazarus Group

05-04

Bitcoin Resurges to $80K Amid Bullish Market Sentiment

Bitcoin Ethereum News  Bitcoin ($BTC) has again obtained wider market attention with another bullish upsurge. In this respect, Bitcoin ($BTC) has reclaimed the psychological price level of $80K. As per the data from CoinMarketCap, $BTC is now changing hands at $80,468.21. The respective development takes place amid the wider bullish sentiment across the market.  Bitcoin Again Surpasses $80K as the Market Turns Bullish  Based on the latest market data, Bitcoin ($BTC) is again trading at $80,468.21 following a notable interval. This price level indicates a 2.96% increase over the past 24 hours. At the same time, the community sentiment around Bitcoin ($BTC) is 80% bullish in comparison with just 20% bearish sentiment.  Apart from that, the market capitalization of Bitcoin ($BTC) has also witnessed a considerable jump. Specifically, the current market cap of $BTC stands at a cumulative $1.61T. This signifies a 2.96% spike over 24 hours. In addition to this, the 24-hour volume of Bitcoin ($BTC) accounts for $29.66B, suggesting a 76.38% surge.  Traders Keep Watching Closely Amid Intensifying Momentum  In the same vein, when it comes to 7-day performance, Bitcoin ($BTC) displays a 1.60% increase. Similarly, the monthly trajectory of the leading cryptocurrency is also quite optimistic. Particularly, $BTC has jumped by staggering 20.19%

05-04
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