BitMine Boosts Ethereum Holdings as Uptrend Continues

BitMine Immersion Technologies (BMNR) has continued its streak of purchasing Ethereum (ETH), acquiring another 28,086 ETH last week. This brings their total holdings to 5.929 million ETH, valued at $14.78 billion at the time of writing.

The company's advisor, Tom DeMark, believes that ETH will continue its uptrend due to a failure to break down after a period of sideways movement in August.

For the trend to extend, Ethereum must clear the resistance level of $2,544. If it does, it could prompt further gains for the asset.