Ethereum's price remains below the $2,400 resistance level, with analysts closely monitoring potential movements toward $3,000. Despite recent pullbacks, Ethereum is trading within a tight wedge above key moving averages, suggesting a possible breakout. Analyst Sky indicates that a confirmed breakout could propel ETH quickly toward $3,000, although the price has yet to surpass the $2,400 resistance zone. Bitmine Immersion Technologies has reduced its Ether purchasing pace, acquiring 26,659 ETH last week, down from over 100,000 ETH weekly. Despite this slowdown, Bitmine aims to accumulate 5% of Ethereum's circulating supply by 2026. Meanwhile, the Ethereum Foundation unstaked 21,270 ETH, valued at nearly $50 million, from Lido, raising short-term supply concerns. However, Bitmine's continued accumulation and staking plans support a long-term bullish narrative for Ethereum.