Ethereum

when

Daily

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Coin

<h3 class="wp-block-heading" id="h-key-insights"><strong>Key Insights:</strong></h3>
<ul>
 <li>Tom Lee’s BitMine bought 21,054 ETH from Kraken, showing continued institutional interest.</li>
 <li>ETH/BTC held the 0.032 support zone, signaling potential stability for altcoins.</li>
 <li>Key Ethereum levels to watch include the $3,000 support, $2,900 secondary support, and $3,800 resistance.</li>
</ul>
<p>Tom Lee’s BitMine added 21,054 ETH from Kraken in early trading hours as Ethereum price traded near key support zones.</p>
<p>The move happened during a slow market period, while traders tracked the ETH/BTC range and watched important trigger levels that could guide the next direction for the asset.</p>
<h2 class="wp-block-heading" id="h-bitmine-added-21-054-eth-during-market-slowdown"><strong>BitMine Added 21,054 ETH During Market Slowdown</strong></h2>
<p><a href="https://www.thecoinrepublic.com/2025/11/18/bitmine-stock-drops-again-as-ethereum-loses-key-3000-level/" rel="noopener noreferrer nofollow">Tom Lee’s</a> BitMine kept buying Ethereum even though the market stayed weak. A new wallet linked to the firm received 21,054 ETH from Kraken, Lookonchain <a href="https://x.com/lookonchain/status/1990951990340563417" target="_blank" rel="noopener noreferrer nofollow">reported</a>.</p>
<p>The transfer happened in earlier hours as the firm added millions to its holdings.</p>
<p>Notably, the move drew attention because it came at a time when Ethereum traded near important support zones.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-full">
  <img loading="lazy" width="678" height="463" src="https://www.thecoinrepublic.com/wp-content/uploads/2025/11/image-715.png" alt="BitMine Stacking Ethereum | Source: Lookonchain">
  <figcaption>
   BitMine Stacking Ethereum | Source: Lookonchain
  </figcaption>
 </figure>
</div>
<p>Ethereum traded around $3,073 after a long pullback. The asset fell by 23.93% in 30 days and dropped by 11.83% in the past week.</p>
<p>Market sentiment remained mixed, but traders still watched how large buyers behaved. The BitMine inflow showed that the firm continued to add to its position despite the recent decline.</p>
<p>The wallet with the tag, 0xE2ed, became a point of interest after the transfer. The inflow placed focus on whether steady buying could help the market hold key levels.</p>
<p>Traders also checked whether new demand might shape the next direction if the price held steady for a while.</p>
<p>Meanwhile, the buying by BitMine arrived when many traders looked for signs of recovery or further weakness.</p>
<p>In addition, the activity showed that some large holders still built their positions near key Ethereum price zones.</p>
<p>This created interest around whether steady buying could support the market over time.</p>
<h2 class="wp-block-heading" id="h-eth-btc-range-held-as-traders-watched-the-0-032-level"><strong>ETH/BTC Range Held as Traders Watched the 0.032 Level</strong></h2>
<p>The ETH/BTC pair remains an important guide for many traders. The ratio was tested at the 0.032 level several times during the week.</p>
<p>Each test showed that the level still worked as support. The Daily 200MA and EMA also moved into the same area and helped strengthen the zone.</p>
<p>Charts showed a breakout on the RSI and a positive cross on the MACD. The pair also held above a support block noted by market watchers.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-full">
  <img loading="lazy" width="580" height="799" src="https://www.thecoinrepublic.com/wp-content/uploads/2025/11/image-714.png" alt="ETH/BTC RSI Outlook | Source: Gordon">
  <figcaption>
   ETH/BTC RSI Outlook | Source: Gordon
  </figcaption>
 </figure>
</div>
<p>These signs and the continuing bets from BitMine made many traders follow the range closely. A steady ratio suggested that altcoins could keep some strength against Bitcoin.</p>
<p>The 0.032 level acted as a clear point to watch. If the pair stayed above it, the move could support altcoins.</p>
<p>However, if the pair broke below it, Bitcoin could regain more strength again. The behavior of the pair played a role in how traders viewed <a href="https://www.thecoinrepublic.com/2025/11/15/can-ethereum-price-hold-3200-as-binance-and-blackrock-sell/" rel="noopener noreferrer nofollow">Ethereum’s next move</a>.</p>
<p>This range helped traders understand how capital shifted between major assets. The ETH/BTC pair often served as one of the first signs of a change in trend.</p>
<p>Market watchers believe that as Ethereum stayed near its own support zones, the pair helped show whether interest moved toward Ethereum or back to Bitcoin.</p>
<h2 class="wp-block-heading" id="h-key-trigger-levels-for-ethereum-price-amid-bitmine-bet"><strong>Key Trigger Levels for Ethereum Price Amid BitMine Bet</strong></h2>
<p>Ethereum price traded close to important trigger levels that guided its outlook amid the BitMine bet. The $3,000 area remained the main short-term support.</p>
<p>The $2,900 area stayed as the next support if the first one breaks. A deeper zone existed near $2,150 if the market moved into a wider correction.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-full">
  <img loading="lazy" width="598" height="679" src="https://www.thecoinrepublic.com/wp-content/uploads/2025/11/image-713.png" alt="Ethereum Price Outlook | Source: Daan Crypto Trades">
  <figcaption>
   Ethereum Price Outlook | Source: Daan Crypto Trades
  </figcaption>
 </figure>
</div>
<p>Notably, the $3,800 area formed the major resistance for Ethereum price. A break above this level would show stronger momentum.</p>
<p>Many traders used these levels to plan their next steps. The zones helped traders prepare for both upward and downward moves.</p>
<p>Market participants posit that recent buying from BitMine added more interest to how the price reacted near these points.</p>
<p>The market continued to watch whether the support zones held and whether <a href="https://www.thecoinrepublic.com/2025/11/17/ethereum-price-whales-step-in-amid-heavy-etf-outflow-whats-next/" rel="noopener noreferrer nofollow">Ethereum showed steady strength</a> against Bitcoin or not.</p>
<p>These factors shaped discussions about the asset as trading moved forward.</p>
<p>The post <a href="https://www.thecoinrepublic.com/2025/11/19/tom-lees-bitmine-keeps-buying-ethereum-21054-eth-stacked-ahead-of-price-rebound/" rel="noopener noreferrer nofollow">Tom Lee’s BitMine Keeps Buying Ethereum, 21,054 ETH Stacked Ahead of Price Rebound</a> appeared first on <a href="https://www.thecoinrepublic.com" rel="noopener noreferrer nofollow">The Coin Republic</a>.</p>

Tom Lee’s BitMine Keeps Buying Ethereum, 21,054 ETH Stacked Ahead of Price Rebound

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