Ethereum Whale Activity Draws Attention as ETH Price Setup Signals Potential Move

Ethereum is attracting attention after Bitmine, led by Fundstrat’s Tom Lee, staked another 159,728 ETH worth approximately $390.6 million, according to Lookonchain. The transaction brings Bitmine’s total staked Ethereum to 5.23 million ETH, valued at around $12.78 billion and representing 86.5% of its total holdings. Meanwhile, crypto analyst Dami-Defi identified an ETH price breakout, with $2,410–$2,420 emerging as a key support zone. Whether buyers can defend this level and overcome nearby resistance will determine if the recovery gains momentum. According to Lookonchain, Bitmine recently staked an additional 159,728 ETH, valued at approximately $390.6 million. The latest transaction brings the company’s total staked Ethereum to 5.23 million ETH, worth around $12.78 billion. The reported figures show that 86.5% of Bitmine’s total ETH holdings are now staked.

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