As BitMine continues to bet on Ethereum (ETH), the King of Altcoins is eyeing a crucial resistance level that could set the stage for a new breakout, leading some analysts to suggest that a new all-time high (ATH) is around the corner. Related Reading: TRX Repeats Its 2021 Setup: Volume Cooldown Signals Smart Money Accumulation Ethereum Ready For New Highs? On Monday, Ethereum rallied to a multi-week high of $4,718 following the start of the “Uptober” market rally that has sent Bitcoin (BTC) and BNB to new highs. Notably, the King of Altcoins has bounced 23% from the recent September correction, which sent the cryptocurrency’s price to a local low of $3,815. Now, ETH nears the upper boundary of its macro range high for the first time in almost a month. The altcoin has been trading within the $3,600-$4,800 price range since the early Q3 breakout, which also served as a crucial area during the 2021 ATH rally. After retesting the range’s mid-zone last week, some analysts suggested that a weekly close above the $4,200 mark would enable its price to reclaim the $4,600 area and position itself for new highs. Meanwhile, other market watchers noted that breaking past the $4,500 resistance would set the base for a challenge of the macro range highs. Since then, the cryptocurrency has reclaimed those two crucial levels, closing the week around the $4,514 area and currently attempting to turn the $4,700 mark into support. Amid this performance, Titan of Crypto highlighted that ETH has broken out of a “textbook continuation pattern” on its weekly chart. He previously signaled that the cryptocurrency needed to break out of its bull flag formation for a potential 50% run. According to the analyst, after reclaiming the $4,500 mark, Ethereum now eyes a rally toward the $6,900 target. Meanwhile, Crypto Jelle forecasted that ETH’s main target remains around the $10,000 mark. Per the post, Ethereum “looks ready for continuation” after breaking out of its multi-year bullish megaphone pattern and retesting its upper boundary as support. BitMine’s ETH Treasury Hits $13 Billion Throughout Ethereum’s recent correction and price recovery, corporations have continued to bet on the King of Altcoins, pouring millions of dollars over the past week for their ETH-focused Digital Asset Treasury (DAT) strategies. BitMine, the largest Ethereum-based treasury company, announced that it had increased its holdings in the past week. In a Monday statement, the second-largest crypto treasury in the world revealed that its ETH holdings had surpassed the $13 billion mark. In late September, the company shared it had achieved the 2% milestone of its goal to own 5% of Ethereum’s total supply, with a total of 2.4 million ETH tokens. Now, BitMine holds $13.4 billion in assets, including 2,830,151 ETH, 192 BTC, $113 million stake in Eightco Holdings for its “Moonshot” initiative, and unencumbered cash of $456 million. The company is also the 28th most traded stock in the US, the announcement noted, with an average daily volume of $2.5 billion, according to 5-day average data from Fundstrat. Related Reading: XRP Could Mirror 2017 Style Surge: Here’s How High The Price Will Go If It Happens BitMine’s chairman, Thomas “Tom” Lee, shared that the company spent the past week at the TOKEN2049 conference, which took place in Singapore, where their team “sat down with Ethereum core developers and key ecosystem players.” Following the event, the company remains “confident that the two Supercycle investing narratives remain AI and crypto,” he affirmed, adding that “these two powerful macro cycles will play out over decades.” “Naturally, Ethereum remains the premier choice given its high reliability and 100% uptime,” he concluded. As of this writing, ETH is trading at $4,710, a 13% increase in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

استثمار BitMine في Ethereum يؤتي ثماره، حيث ارتفعت العملة المشفرة بنسبة 23%، مما دفع حيازاتهم من ETH إلى 13.4 مليار دولار. يأتي هذا الارتفاع في الوقت الذي تقترب فيه Ethereum من مستوى مقاومة مهم، مما يثير التفاؤل بين المحللين الذين يعتقدون أن هناك احتمالًا لتحقيق رقم قياسي جديد. الزخم الأخير في السوق، الذي أطلق عليه اسم 'أكتوبر الصاعد'، لم يفيد Ethereum فقط، بل أيضًا Bitcoin، مما يشير إلى اتجاه صعودي أوسع في سوق العملات المشفرة. هذا مهم لأنه يبرز الثقة المتزايدة في العملات البديلة وإمكانية تحقيق عوائد كبيرة في الأسابيع المقبلة.

La inversión de BitMine en Ethereum está dando frutos, ya que la criptomoneda ha aumentado un 23%, llevando sus tenencias de ETH a unos impresionantes 13.4 mil millones de dólares. Este rally se produce mientras Ethereum se acerca a un nivel de resistencia significativo, lo que genera optimismo entre los analistas que creen que un nuevo máximo histórico podría estar a la vista. El reciente impulso del mercado, apodado 'Uptober', ha beneficiado no solo a Ethereum, sino también a Bitcoin, lo que indica una tendencia alcista más amplia en el mercado de criptomonedas. Esto es importante porque resalta la creciente confianza en los altcoins y el potencial de retornos significativos en las próximas semanas.

L'investissement de BitMine dans Ethereum porte ses fruits alors que la cryptomonnaie a augmenté de 23 %, portant leurs avoirs en ETH à un impressionnant 13,4 milliards de dollars. Ce rallye survient alors qu'Ethereum approche d'un niveau de résistance significatif, suscitant l'optimisme parmi les analystes qui croient qu'un nouveau record historique pourrait être à l'horizon. Le récent élan du marché, surnommé 'Uptober', a non seulement bénéficié à Ethereum mais aussi à Bitcoin, indiquant une tendance haussière plus large sur le marché des cryptomonnaies. Cela est important car cela souligne la confiance croissante dans les altcoins et le potentiel de rendements significatifs dans les semaines à venir.

BitMine's investment in Ethereum is paying off as the cryptocurrency has surged 23%, pushing their ETH treasury holdings to an impressive $13.4 billion. This rally comes as Ethereum approaches a significant resistance level, sparking optimism among analysts who believe a new all-time high could be on the horizon. The recent market momentum, dubbed 'Uptober', has not only benefited Ethereum but also Bitcoin, indicating a broader bullish trend in the crypto market. This is important as it highlights the growing confidence in altcoins and the potential for significant returns in the coming weeks.

Ethereum 23% Rally Pushes BitMine’s ETH Treasury Holdings To $13.4 Billion

The crypto market came under pressure on Friday, with Bitcoin and altcoins falling by over 2%.

واجه سوق العملات المشفرة ضغطًا كبيرًا في 5 ديسمبر 2025، حيث شهدت بيتكوين والبدائل انخفاضات تزيد عن 2%. وقد تم تمييز هذا الانخفاض بارتفاع حاد في عمليات التصفية وانخفاض كبير في الفائدة المفتوحة، مما يشير إلى بيئة تداول مضطربة.

El mercado de criptomonedas enfrentó una presión significativa el 5 de diciembre de 2025, con Bitcoin y altcoins experimentando caídas de más del 2%. Esta caída estuvo marcada por un aumento de las liquidaciones y una fuerte disminución del interés abierto, indicando un entorno de negociación turbulento.

Le marché des cryptomonnaies a subi une pression significative le 5 décembre 2025, Bitcoin et les altcoins enregistrant des baisses de plus de 2 %. Ce déclin a été marqué par des liquidations en forte hausse et une chute brutale de l'intérêt ouvert, indiquant un environnement de trading turbulent.

The cryptocurrency market faced significant pressure on December 5, 2025, with Bitcoin and altcoins experiencing declines of over 2%. This downturn was marked by soaring liquidations and a sharp drop in open interest, indicating a turbulent trading environment.

Crypto market slips as liquidations soar, open interest plunges

Lower adjusted net asset value multiple means Strategy can no longer issue equity at a premium, threatening its long-term plan to accumulate more bitcoin, analyst Brett Knoblauch wrote.

شهدت أسهم Strategy انخفاضًا كبيرًا، مما دفع Cantor إلى خفض هدفه السعري بسبب انخفاض مضاعف القيمة الصافية للأصول المعدلة. وأشار المحلل بريت كنوبلاخ إلى أن هذه الحالة تمنع Strategy من إصدار الأسهم بسعر أعلى، مما يهدد خططها طويلة الأجل لتجميع المزيد من البيتكوين.

Las acciones de Strategy han experimentado una fuerte caída, lo que llevó a Cantor a reducir su objetivo de precio debido a un múltiplo de valor neto de activos ajustado más bajo. El analista Brett Knoblauch destacó que esta situación impide que Strategy emita acciones a una prima, poniendo en peligro sus planes a largo plazo para acumular más bitcoin.

L'action de Strategy a connu une forte baisse, incitant Cantor à réduire son objectif de prix en raison d'un multiple de valeur nette d'actif ajustée plus bas. L'analyste Brett Knoblauch a souligné que cette situation empêche Strategy d'émettre des actions à un prix supérieur, mettant en péril ses plans à long terme d'accumulation de bitcoin.

Strategy's stock has experienced a significant decline, prompting Cantor to reduce its price target due to a lower adjusted net asset value multiple. Analyst Brett Knoblauch highlighted that this situation prevents Strategy from issuing equity at a premium, jeopardizing its long-term plans to accumulate more bitcoin.

Ethereum 23% Rally Pushes BitMine’s ETH Treasury Holdings To $13.4 Billion

Was this article worth reading? Share it

finlight.me

Betron.io

Tweeteasy