Ethereum has rejected the 100-day EMA after failing to surge past the $1,950 level, with the bulls still in control of the market. ETH’s rally over the last 24 hours comes after Ethereum treasury company BitMine Immersion Technologies (BMNR) reported its quarterly earnings. The company generated $45.7 million in staking and validator revenue during the quarter ended May 31, highlighting the growing contribution of Ethereum staking to its business model. According to the company’s latest Form 10-Q filing with the US Securities and Exchange Commission (SEC), staking operations accounted for nearly 98% of total quarterly revenue, which reached $46.5 million. The performance marks a dramatic increase from $2.
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