The chain data suggest that Bitmine may be stowing the Ethera again in the near future, and that its hold is approaching the company's target of “owning the entire network of 5% ETH”. At the same time, the ETH has increased by more than 30 per cent in recent weeks, with the market now re-evaluating changes in the financial landscape and supply of the Ether House, as well as in the mainstream currency.

The address on the chain is a big buy-in.

Ai Yi, a chain analyst, indicated that two new wallets had recently been bought successively. One of the addresses bought 20,000 ETHs over a period of 50 minutes, valued at approximately $48.89 million, and the other 10,000 ETHs, valued at approximately $24.72 million.

The analysis suggests that these addresses may be relevant to Bitmine because they operate in a manner similar to that used by the company in the past, including access to new addresses, integer scale transfers and buy-in through platforms such as Kraken, Coinbase and FalconX.

It was also mentioned that Bitmine had an additional 32447 ETHs last week, raising the total hold to 5847611, with a market value of approximately $15 billion by medium.

About 187,000 to target.

According to the data given in the article, Bitmine wanted to hold about 5% of the total supply of the Etherwood, corresponding to about 6.04 million ETH. At the current rate of close to 5.85 million warehouses, about 187,000 are still short of this target.

In terms of timelines, the company's growth rate continued this year: in March 2026, there were approximately 4.66 million ETHs in hold, in May, 52 million breakthroughs, in late July, close to 5.79 million, and now it is getting closer to the target line.

In addition to the size of the currency held, Bitmine is also improving its asset utilization. According to the article, approximately 87 per cent of the ETH held was used for pledge, corresponding to approximately 5.07 million ETH, and was expected to generate approximately $330 million in pledge income per year.

ETH prices are well synchronized with supply data

In terms of market performance, ETH increased by about 31.5 per cent over the past seven days, up from about 24 per cent in Bitcoin over the same period. According to analyst Ali Martinez, ETH has increased cumulatively by 64.2 per cent since the lower of July, and by about 40.7 per cent in Bitcoin over the same period.

The article also listed several changes in data related to the EF: 59 per cent increase in EF holding, 26 per cent decrease in the stock of the Centralized Exchange, 15 per cent increase in ETH in pledge and 30 per cent increase in active addresses. These indicators are seen by the market as a sign of a tightening of the flow of supplies and a recovery in the dynamism of the chain.

At the level of the transaction structure, analysts Crypto Patel believe that ETH/BTC has broken down the downward trend that has lasted for months and has developed higher points, indicating that relative strong and weak relationships may be changing. It is mentioned that between 0.0260 and 0.0270 areas are considered to be the focus of follow-up observations.

As to the price dimension, the article states that ETH currently faces resistance near $2500 to $2550. Projected market data indicate that the probability of ETH rising to $3000 before it falls to $1,500 is about 64 per cent. If the weekly line stands in the current resistance zone, the market is expected to further explore it with the expectation of further warming of $3000.