Ethereum is encountering a bearish signal from the MACD indicator, raising concerns about potential price declines. This comes as BitMine, an institutional firm, acquired $417 million worth of ETH on October 16, 2025. Analysts have identified $4,000 and $3,700 as critical support levels amid these developments. Neither BitMine nor Ethereum's leadership has commented on the purchase or the technical signal.
Ethereum Faces Bearish MACD Signal Despite BitMine's $417M Purchase
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