Ethereum is on the verge of a significant breakout, maintaining a rising structure for nearly five years. Analysts highlight that ETH is nearing a crucial resistance zone, with price movements converging towards a pivotal point between diagonal support and resistance levels. In a strategic move, BitMine has expanded its Ethereum holdings to 3.6 million ETH, accounting for 2.9% of the total supply. The institutional player plans to further increase its stake, targeting a 5% share of the total Ethereum supply.