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🚨 Ethereum Market Update | Feb 10 🚨
Big move in the ETH space today! BitMine Immersion Technologies has officially finalized an $83M acquisition, adding over 40,600 ETH to its holdings — a strong signal from institutional players.
🔍 Market Insight
Key Support Zone: Heavy institutional accumulation around $2,100–$2,300 is reinforcing this area as a solid demand base.
Supply Tightening Ahead: BitMine is set to roll out its MAVAN (Made-in-America Validator Network) this quarter, which could push more ETH into staking and reduce liquid supply.
Long-Term Outla ok: Major banks like Standard Chartered and Citi remain optimistic on ETH’s 2026 trajectory, and BitMine’s move adds weight to that bullish narrative.
📈 Technical Focus Keep an eye on $2,380 — a clean breakout above this level may open the door for strong upside momentum driven by institutional demand.
Momentum is building. The smart money is positioning early.
#BitMine #EthereumNews #ETHMarket #CryptoUpdate #InstitutionalAdoptionMarket