Ethereum Slips Under $2,000 as BitMine Adds 26,497 ETH and Targets 5% Supply

Ethereum (ETH) fell below the $2,000 level for the first time since March, as the market weighed renewed downside risk against signs of institutional accumulation. BitMine Immersion Technologies, chaired by Fundstrat's Tom Lee, bought 26,497 ETH (about $52 million) last week after nearly 112,000 ETH the week before, while commentary cited potential levels ranging from $1,530 downside to $2,500 resistance.