Fundstrat Global Advisors The general partner Tom Lee tipped low Tuesday in the middle of a drop in the cryptography market while his ETH cash company bought an additional $ 21 million.
“Call Eth Bottom to perform in the coming hours,” Tom Lee said on Tuesday at 1 a.m. UTC while cryptographic markets have seen red in the 200 billion dollar capitalization liquidation event.
There is the chance that the so-called Lee’s background is already in, because Ether (ETH) had already started to recover when writing the editorial’s moment, returning again to more than $ 4,430.
Lee did his prediction by sharing a message from Mark Newton, the director general of technical strategy at Fundstrat Global Advisors, who said: “ETH is a very good risk / reward here”, adding that it was “very skeptical” that it breaks the trend or rupture from last week.
“Ideally, this should be the lowest in the next 12 hours almost $ 4,300 and start to push new peaks and exceed $ 5,100 and up to $ 5,400 to $ 5,450,” Newton said.
Ether is down 11% compared to all time
Lee’s call comes in the middle of a crypto market accident initiated by Bitcoin (BTC), which dropped to a seven weeks lower on Tuesday morning.
Ether also suffered, by tanning more than 7% at least $ 4,313 on Coinbase, according to TradingView.
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Bitmine Eth Holdings reaches $ 7.5 billion
Meanwhile, Bitmin Immersion Technologies continued its aggressive ether accumulation, buying the drop on Tuesday with the purchase of 4,871 ETH worth $ 21.3 million, according to Arkham Intelligence.
This brings its total assets to 1.72 million ETH, worth around 7.5 billion dollars at current market prices.
Bitmin revealed on Monday that he had increased his crypto and cash funds of $ 2.2 billion to $ 8.8 billion, adding more than 190,500 tokens in last week.
Its crypto plus the value of net assets in action per share has climbed to $ 39.84, compared to $ 22.84 at the end of July.
Crypto Nav is calculated as the value of the crypto and the cash assets divided by actions entirely diluted in circulation, whose company has 221.5 million.
Treasury bills continue to grow
Bitmin is the clear treasury market leader with a share of 40% of the total of 4.3 million ETH held by corporate entities, according to Strategythreve.
Meanwhile, the largest cryptographic cash in the world, Michael Saylor’s strategy again bought the decline on Monday, picking up 3,081 BTC for $ 357 million at $ 115,829 per Bitcoin.
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