Ethereum's price climbed 27% over the past month, fueled by growing interest from institutional investors. BitMine, a major player holding 4.8% of all ETH, expanded its stash by 9,946 ETH, bringing its total to 5.79 million ETH.
With Ethereum trading close to $1,980, market participants are closely monitoring whether it can surpass this key level amid increased demand. BitMine's significant accumulation shows the rising confidence in ETH despite market fluctuations.
