necessary notes
- Bitmine bought 82,353 ETH on November third, rising its complete holdings to three.4 million ETH (value $14.2 billion).
- Ethereum fell to $3,566 following a $120 million balancer exploit, however rebounded to $3,620 in oversold situations.
- A loss of life cross shaped because the 50-day transferring common fell beneath the 200-day transferring common, suggesting a potential downtrend except the bulls reclaim $3,750.
On November 3, Tom Lee’s Ethereum finance firm Bitmine introduced the acquisition of 82,353 ETH, rising its complete Ethereum holdings to three.4 million ETH (equal to $14.2 billion).
According to the company’s press releasethe corporate elevated its money reserves from $305 million to $389 million whereas reiterating its aim of capturing 5% of Ethereum’s circulating provide.
Tom Lee mentioned the corporate has elevated its ETH place by 82,353 ETH over the previous week, reaching 2.8% of the circulating ETH provide.
Following Bitmine’s current acquisition, the corporate’s inventory value fell 7.48% to $43.16, reflecting investor issues about DeFi safety breaches.
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BitMine supplied its newest holdings replace on November 3, 2025.$14.2 billion in cryptocurrencies and “moonshots”:
-3,395,422 ETH, $3,903 per ETH (Bloomberg)
– 192 Bitcoin (BTC)
– $62 million in Eightco Holdings (NASDAQ: ORBS) inventory (the “Moonshot”) and…— Bitmine (NYSE-BMNR) $ETH (@BitMNR) November 3, 2025
Weekly disclosures present constant Ethereum purchases, together with 203,826 ETH on October twentieth and 202,037 ETH on October thirteenth.
The earlier buy coincided with market turmoil following a $120 million exploit focusing on Balancer, an Ethereum-based DeFi protocol.
.@balancer A number of hours in the past, a number of forked initiatives have been attacked, inflicting losses of over $120 million throughout a number of chains. This was a really subtle exploit. Our preliminary evaluation means that the foundation trigger is an immutable operation that distorts BPT costs… https://t.co/KaKA8D1A0i pic.twitter.com/zLfGW0mrmj
— BlockSec Falcon (@Phalcon_xyz) November 3, 2025
Ethereum Worth Prediction: Can Bulls Shield $3,500 as Momentum Fades on Demise Cross?
The current decline in Ethereum beneath $3,700 on November third triggered a loss of life cross formation between the 50-day transferring common of $4,145 and the 200-day transferring common of $4,197. When the short-term transferring common is beneath the long-term transferring common, it typically indicators a potential continuation of the downtrend, particularly when accompanied by the heavy promoting that occurred in the course of the $120 million Balancer Exploit on November third.
Ethereum
Ethereum
$3,665
24 hour volatility:
5.0%
Market capitalization:
$442.40B
Vol. 24 hours:
$4.307 billion
Costs fell 7.4% on the day to consolidate round $3,616, marking the most important single-day loss for the reason that file $19.4 billion crypto market fall on October 10.
Ethereum (ETH) Worth Evaluation, November 3, 2025 |Supply: TradingView
Nevertheless, the RSI of 36.52 signifies that Ethereum is getting into an oversold scenario, suggesting that sellers could also be operating out of momentum within the quick time period. This might facilitate a slight rebound, maybe towards the $3,720 resistance zone that the value rejected twice in late October.
If Ethereum fails to interrupt above $3,500, the subsequent draw back value goal can be round $3,300.
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Disclaimer: Coinspeaker is dedicated to offering truthful and clear reporting. This text is meant to offer correct and well timed info however shouldn’t be taken as monetary or funding recommendation. Market situations can change quickly, so we suggest that you just confirm the data your self and seek the advice of knowledgeable earlier than making any choices primarily based on this content material.
Ibrahim Ajibade is an skilled analysis analyst with a background supporting varied Web3 startups and monetary establishments. He holds a Bachelor’s diploma in Economics and is at the moment learning for a Grasp’s diploma in Blockchain and Distributed Ledger Expertise on the College of Malta.
