- The largest ETH treasury holder relies on data from multiple research firms to forecast Ethereum’s long-term value potential.
- Bitmine’s aggressive accumulation outpaces new ETH issuance, reflecting increasing corporate demand for Ethereum.
- Ethereum shows positive technical signals as it tests resistance near $3,896.42, with strong support at $3,749.50.
Ethereum’s current market activity has captured significant attention following a bullish projection from Bitmine Immersion, the world’s largest Ethereum treasury firm. The company, which controls 566,800 ETHabout 0.47% of Ethereum’s total supply—now estimates the price of ETH could reach $60,000 per token.
This forecast is based on replacement value models shared by multiple independent research firms. Ethereum is trading at approximately $3,873.86, reflecting a 6.2% increase over the past week. The suggested target implies a potential gain of more than 1,400% from current levels.
Bitmine Accelerates ETH Accumulation, Strengthening Price Projection
At present market value, Bitmine’s ETH holdings are valued at approximately $2.12 billion. The firm reportedly acquired more Ethereum this month than what was produced, increasing its accumulation pace. This high growth buyout approach serves to strengthen the internal valuation thesis at Bitmine, which is consistent with third-party research predicting a retail price of $60,000 ETH in the future.
Interestingly, the firm possesses a significant proportion of Ethereum liquid supply, which makes its prospects specific to institutional players. An additional trend noted by analysts is that Bitmine holds a unique position among treasury-oriented ETH holders in the global market.
Ethereum Technical Indicators Show Strength Near Key Levels
Currently, ETH is trading within a tight 24-hour range between $3,749.50 and $3,896.42. The hourly RSI stands at 63.69, showing mild bullish momentum, while the MACD indicator registers a positive crossover with a leading signal of 11.01.
These technical levels suggest short-term resilience above key support at $3,749.50. Resistance sits narrowly above at $3,896.42, which could be tested in the near term. Ethereum’s ongoing strength could be further influenced by increasing corporate accumulation and rising speculative sentiment.
Bitmine’s ETH Buying Spree Signals Rising Corporate Confidence
Bitmine’s heavy purchasing is taking place at a time of heightened excitement about the supply dynamics of Ethereum. It has purchased more ETH than it has been mined in this month, a feat that has not been accomplished in several years. This pattern indicates higher faith in Ethereum’s long-term value on the part of large corporate holders.
With ETH being worth $3,873.86 presently and market indications supporting continued action, firms like Bitmine appear to be positioning themselves before potential price appreciation. Their strategy reflects a broader shift in the way corporate treasuries manage digital asset exposure, especially in markets exhibiting ongoing liquidity and development.
