Ethereum's three-fold bullish setup might spur Ether prices upward
Ethereum, the second-largest cryptocurrency by market capitalization, is experiencing a significant rally, driven by increased activity from large-scale buyers, particularly institutional investors and corporate treasuries.
One of the key players in this bullish setup is BitMine Immersion Technologies, a publicly disclosed treasury firm that has amassed approximately 1.29 million ETH since early July 2025, valuing roughly $5.75 billion in Ether. BitMine's aggressive and visible strategy has garnered support from notable investors such as billionaire Bill Miller III, Cathie Wood's ARK Invest, and Peter Thiel's Founders Fund [1][2][4].
An unidentified institutional buyer, often referred to as a "mysterious whale," has also been active, acquiring $1.3 billion worth of ETH via 10 new wallets since August 2025, using platforms like Galaxy Digital and FalconX. This activity underscores strong long-term confidence in Ethereum's price prospects [2][3].
Other institutional players contributing to the rally include Galaxy Digital, FalconX, and BitGo, which have collectively channelled over $4 billion into Ethereum-related investment products recently [2].
The rally is further bolstered by regulatory clarity, with the U.S. GENIUS Act and ongoing SEC initiatives paving the way for broader institutional adoption. Research from Fundstrat and Standard Chartered highlights these factors, along with Ethereum's dominance in real-world asset tokenization, as key drivers attracting large-scale institutional interest [1][5].
Fresh capital is entering the market, with institutions leading the momentum. The Relative Strength Index (RSI) is hovering around 67, just below overbought territory, indicating cooling momentum but no reversal. Open Interest has risen, reaching $29B, near historical highs [6].
The MACD remains in bullish alignment, with both the MACD and signal lines trending upward, suggesting a continued upward trend. Strong spot accumulation is indicated rather than short-term chasing, as evidenced by the drop in ETH Exchange Reserves to 18.38 million, a 12-month low, at press time [6].
Despite three consecutive red candles, volume is declining - a sign of consolidation rather than a bearish trend. Notably, President Trump has also entered the market, purchasing 1,911 ETH worth $8.6 million [7].
The Spot Taker CVD showed consistent taker buy dominance from June to August, driving a surge from $2K to $4K. As long as key momentum indicators stay positive, ETH's structure remains bullish, with dips likely to be absorbed by ongoing institutional accumulation and spot demand [6].
In summary, the Ethereum rally is powered by a mix of large corporate treasury accumulation (notably BitMine), significant institutional inflows from both known and anonymous buyers, and the infrastructure support of major investment platforms, along with favourable regulatory developments [1][2][3][4][5].
Sources: [1] Coindesk [2] Cointelegraph [3] Decrypt [4] Bloomberg [5] Fundstrat Global Advisors [6] Santiment [7] Business Insider
- BitMine Immersion Technologies, a publicly disclosed treasury firm, has amassed a significant amount of Ethereum (ETH), worth approximately $5.75 billion, demonstrating a heavy investment in the cryptocurrency.
- Notable investors like Bill Miller III, Cathie Wood's ARK Invest, and Peter Thiel's Founders Fund have supported BitMine's aggressive strategy, indicating growing confidence in ETH's potential.
- An unidentified institutional buyer, often referred to as a "mysterious whale," has acquired over $1.3 billion worth of ETH, suggesting a long-term bullish outlook on Ethereum's price.
- Other institutional players, such as Galaxy Digital, FalconX, and BitGo, have collectively invested over $4 billion into Ethereum-related investment products.
- Regulatory clarity, including the U.S. GENIUS Act and SEC initiatives, has contributed to the rally by paving the way for broader institutional adoption, while Ethereum's dominance in real-world asset tokenization has attracted large-scale interest.
