ETH moves higher as Bitmine Immersion Technologies boosts holdings and staking revenue: weekly report

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Ethereum gains 8.23% over the week

Highlights

Ethereum remains under sustained downward pressure, trading below key medium- and long-term technical barriers with no confirmed trend reversal.
Bearish momentum dominates as major technical indicators signal weakness, with seller control reaffirmed despite an 8.23% weekly price rebound.
Next week’s expected range is $1,790–$1,960, with further upside probability below 20% and higher risk of renewed declines.

Institutional adoption and ETF inflows support sentiment as on-chain activity rises

The Ethereum Foundation’s Institutional Privacy Task Force has transitioned into EthSystems, a for-profit entity supported by key ecosystem participants to deliver privacy and compliance solutions for large-scale institutional use. Bitmine Immersion Technologies also expanded its Ethereum holdings by acquiring 27,801 ETH last week, driving its total to 5.77 million ETH and generating $45.7 million in quarterly staking revenue. Significant on-chain activity included U.S. government addresses transferring multi-million dollar ETH sums to centralized exchanges, and spot Ethereum ETFs in the U.S. saw $84.4 million in net inflows, reversing a prior outflow trend.

Rally exhaustion risks persist as bearish technical momentum dominates

Weekly technical analysis for ETH shows price action closing at the top of its weekly range, yet remaining below all key weekly moving averages (MA-20, MA-50, MA-200), suggesting persistent resistance and limited support. The weekly RSI and CCI indicate a bearish environment, while the MACD stays strongly negative and ADX reflects weak trend strength. Stochastic RSI approaches neutral but tilts toward overbought conditions, pointing to possible rally exhaustion. Seller dominance is further confirmed by Bear Power, with no bullish reversal signals from the Awesome Oscillator or Ichimoku Kijun.

Sideways trading outlook as resistance limits bullish breakout potential

For the next 7 days, ETH is expected to trade in a sideways corridor between $1,790 and $1,960, with a low probability (less than 20%) of further upside while technicals remain weak. Consolidation is likely unless price can decisively break above the $1,960 resistance, though momentum indicators do not support a bullish breakout. A break below $1,790 could trigger further declines if selling pressure returns. Overall, caution is warranted as the recent rally lacks broad technical confirmation and downside risks persist.

Earlier, analysts noted that Ethereum demonstrated notable resilience amid geopolitical tensions and shifting economic conditions, supported by steady institutional interest. The latest developments highlight ongoing on-chain activity and renewed institutional engagement, but given persistent technical weakness, monitoring the $1,960 resistance level is critical as a sustained breakout remains unlikely without strengthening momentum.

Source of Data: ETH Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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