Ethereum eyes $2k amid BitMine’s $6.3 billion loss

Key takeaways Ethereum (ETH) is down 1.7% on Thursday, approaching the $2,000 psychological level. Ethereum treasury company BitMine Immersion Technologies reported a $6.3 billion annual net loss, largely driven by $6.23 billion in unrealized losses on its digital asset holdings. ETH faces immediate resistance at $2,101 and $2,204, while a failure to sustain the rebound could expose the cryptocurrency to further losses toward $1,971 and $1,828. Ethereum (ETH) is down 1.7% in the last 24 hours and is now approaching the $2,000 psychological level. The bearish performance followed a strong session for US technology equities, with gains in semiconductor companies and AI infrastructure providers helping restore investor appetite for risk-sensitive assets.

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