BitMine’s $970M ETH Haul & $2.4B ETF Inflows Fuel Rally—Buy ETH/USD Dips at $3,600 for $4,100

Following its $250 million private placement, BitMine added 266,119 ETH (about $970 million), making it among the most aggressive corporate Ethereum buys to date and bringing its total holdings to 566,776 ETH (roughly $2. 06 billion) as it pursues up to 5% of the network's supply. On July 24, ETH's price rose 2. 8% to $3,732. 50 concurrent with this significant treasury accumulation, whereas Ethereum spot ETFs saw almost historic $2 4 billion in net inflows—headed by BlackRock and Fidelity—including a single-day high of $533. 9 million on July 23 and expanding a 13-day streak of inflow. Together, these developments highlight rising institutional belief in Ethereum. With ETF inflows of $8. 3 billion since debut and substantially outrunning Bitcoin goods, they propel price momentum and more general market sentiment.

ETHUSD showed a minor pullback after a minor profit-booking. It hits an intraday low of  $3574 and is currently trading around $3718.

Overall trend remains bullish as long as support $2000 remains intact. Watch out for $4000, any break above targets $5000. A robust bullish trend will only materialize above $5000.

Immediate support is around $3500. Any violation below will drag the price down to $3200/$3000/$2880/$2770/$2650/$2534/$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 $3600 with SL around $3350 for a TP of $4100.