Ethereum Consolidates at $2,714 as BitMine Surpasses 6 Million ETH

Ethereum (ETH) traded at $2,714.11 midday Tuesday, up $47.50 or 1.78%, after opening the session at $2,687.61.

The token has been consolidating within a $100 band beneath $2,720 without resolving for five consecutive sessions.

The structure underneath is bullish, with the 50-day moving average near $2,272 and the 200-day near $2,076.

BitMine Immersion Technologies disclosed Monday that it purchased 17,362 ETH during the week ending September 27, bringing its treasury to 6,001,302 ETH, worth $16.08 billion at Tuesday's price.