Bit Digital Fuels Ethereum Rally: ETH Targets $4000 as Corporate Adoption Surges

Following a $172 million equity raise and the sale of 280 BTC, Bit Digital made a major strategic decision to switch its whole corporate treasury from Bitcoin to Ethereum, accumulating around 100,603 ETH by July 7, 2025. Reflecting CEO Sam Tabar's great faith in Ethereum's long-term potential, its programmable properties, growing adoption, and staking yield model, this transition makes Bit Digital among the biggest corporate Ethereum holders behind only Coinbase. To become the top worldwide ETH holding firm, the business intends to progressively grow its ETH holdings.

ETHUSD is consolidating in a narrow range between $2637 and $2475 for past four days. It hits an intraday low of $2523 and is currently trading around $2578.

Overall trend remains bullish  as long as support $2000 remains intact. Watch out for $2650, any break above targets $2681/$2720/$2770/$2880/$3000/$3400/$3600/$3800/$4000. A robust bullish trend will only materialize above $4100.

Immediate support is around $2475. Any violation below will drag the price down to $2435/$2374/$2000/$1750/$1675/$1620/$1500/$1200/$1000. A breach below $1000 could see Ethereum plummet to $800/$500.

It is good to buy on dips around $2500 with SL around $2300 for a TP of $3000/$4000.