Ethereum is trading at critical levels after days of volatility, pushing closer to its all-time high near $4,800. Bulls remain in control, and the market is increasingly focused on whether ETH can break through resistance and confirm a new phase of the uptrend. Adding to the momentum, Bitmine Immersion Technologies, Inc., a blockchain technology company primarily based in the United States, announced that it has just purchased $129.9 million worth of ETH following a brief day of inactivity.

This strategic acquisition highlights the growing trend of institutional players allocating directly into Ethereum, reinforcing confidence in its long-term value. Bitmine’s move mirrors similar treasury strategies adopted by firms such as Sharplink Gaming, signaling a wider corporate shift toward ETH a

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