BitMine Adds 9,587 ETH, Yet Ethereum Sinks to Its Weakest Against Bitcoin Since July

Three Things to Know BitMine Immersion kept stacking ether in its latest weekly update, yet the coin still lost ground to Bitcoin. Ether now trades below both its 50-day and 200-day averages, and momentum gauges still favor sellers. A tight support band below the market is the floor traders are watching if the slide continues. Ethereum's largest corporate holder is still buying. BitMine Immersion added more ether last week, but the token keeps sliding against Bitcoin, and its ratio to BTC just hit a four-month low. The split matters because whale demand has failed to offset ETF redemptions and growing supply. Traders now want to know whether corporate buying can build a floor before sellers set one.

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