Ethereum
Why Ethereum is down 1.2% in the last hour
Analysis
Ethereum (ETH) slipped 1.2% over the past hour, likely reflecting short-term profit-taking or broader market softness despite supportive flow news. CoinDesk reported that Bitmine bought another $69 million worth of ETH and that Tom DeMark expects the uptrend to resume, but that bullish catalyst may not have been enough to offset near-term selling pressure in this window.
Contributing Factors (1)
Bitmine purchased another $69 million of ETH, with Tom DeMark expecting price uptrend to soon resume
At the latest purchase pace, Tom Lee's Ethereum treasury firm could reach its crypto accumulation goal in another seven weeks.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.