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Ethereum outlook after BitMine buys 126,971 ETH and targets 5% supply by end-2026
Ethereum traded back in the $1,670–$1,712 area early this week after sliding to $1,522 last week, but it remains down 15.3% over seven days and 28.1% over 30 days. BitMine (NYSE: BMNR) said it bought 126,971 ETH last week, lifting holdings to 5,543,872 ETH (about 4.59% of supply), while analysts warn a weekly close below $1,500 could open a move toward the $1,000 support zone.