Bitmine recently revealed that it has begun staking Ethereum from its corporate treasury effectively. This strategic decision reinforces long-term accumulation at a time of uncertainty for the crypto market. Tom Lee, investor and strategist, highlighted that this operation will generate millions in daily income.
The company currently holds 4.11 million ETH on its corporate balance sheets. On the other hand, this figure represents approximately 3.41 percent of the total circulating supply. Bitmine has already staked 40,627 units of Ethereum recently. The firm plans to expand operations through MAVAN network shortly. This initiative positions the company as one of the largest institutional validators.
Investor behavior on the network shows mixed signals right now. Likewise, traditional holders have returned to buying after months of constant distribution. However, large whale addresses have sold nearly 270,000 ETH lately. Selling pressure reached 793 million dollars in total value. Price stability depends on the current technical support seriously.
Ethereum is trading near 2,941 dollars within a triangle technical pattern. Therefore, the asset is compressed between 3,000 resistance and 2,902 dollar support. Thus, volatility is decreasing as the market waits for a catalyst. The price seeks to break the psychological barrier soon. Analysts are closely monitoring vital support levels right now.
Will Bitmine’s institutional confidence be able to push Ethereum price over 3,100 dollars?
The start of the MAVAN network in 2026 will be a milestone. Additionally, this move could encourage other corporations to follow the same investment path. Therefore, long-term accumulation is perceived as the fundamental pillar for recovery. Staking generates about 374 million dollars annually projected. The institutional narrative favors a bullish market structure soon.
However, if the price falls below 2,902 dollars, the scenario would change. In that case, the cryptocurrency could drop to 2,796 dollars in the short term. Thus, trader indecision remains the main obstacle for the rally. Breaking above 3,131 dollars would confirm the breakout expected. The market requires a positive external catalyst soon.
In conclusion, Bitmine’s commitment to staking provides a solid foundation for Ethereum. Likewise, the return of historical investors suggests that the market floor could be near. Therefore, the coming weeks will be decisive in defining if institutional momentum beats selling pressure. Ethereum remains in a critical consolidation phase now. Investors’ eyes are set on January very soon.
