Ethereum
Why Ethereum is down 1.3% in the last hour
Analysis
Ethereum (ETH) slipped about 1.3% over the past hour amid a broader pullback, even as some buyers stepped in. The Block reported Bitmine bought roughly $84 million in ETH and Tom Lee framed the dip as an “attractive” entry point, suggesting the decline occurred despite supportive accumulation.
Contributing Factors (3)
Bitmine buys $84 million in ETH as Tom Lee calls market pullback ‘attractive’ entry point: onchain data
Lee said that the company's large unrealized losses are an expected part of its Ethereum treasury strategy during market downturns.
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