Ethereum rose 2.5% over 24 hours to just under $2,450 but remained below the psychological $2,500 threshold, while U.S. spot ETFs recorded nearly $389 million in cumulative net outflows over five trading sessions. ETH is still down 2.0% over seven days, 6.0% over 14 days and 8.9% over 30 days. Bitmine Immersion Technologies added 12,535 ETH last week, bringing its holdings to 6.04 million tokens, or 4.9% of Ethereum’s circulating supply, and valued at $14.3 billion. More than 5.06 million ETH were staked through the company’s MAVAN platform and staking partners, representing about 84% of its holdings. A sustained break above $2,500 could strengthen the recovery, whereas a fall below $2,380 could expose ETH to $2,300 amid continued ETF outflows.
Source: Read the original article
