Ether Holds Above $4,000, BitMine Acts on the Downside: Here’s the Outlook for ETH in November!

Updated

October 30, 2025

Gambar Ether Holds Above $4,000, BitMine Acts on the Downside: Here’s the Outlook for ETH in November!

Jakarta, Pintu News – Amidst the volatile crypto market, Ethereum managed to maintain its position above the $4,000 threshold. This came after several successful defenses of the critical level.

Meanwhile, BitMine, a technology company focused on crypto mining, has reportedly attracted around $113 million from Bitgo to “buy on the dip”. This suggests an aggressive strategy by BitMine to capitalize on price drops to increase their assets.

BitMine Acquisition Strategy

In the past week, BitMine Immersion Technologies (BMNR) has made a large purchase of Ethereum (ETH). The company managed to acquire 77,055 ETH, increasing their total holdings to 3.31 million ETH. This activity is part of their long-term strategy of securing a position in the volatile crypto market.

With total assets reaching $14.2 billion, which includes crypto, cash, and high-risk investments or “moonshots”, BitMine is showing their commitment to the industry. The increase in cash to $305 million also signals that they are preparing for more action in the market to come.

Also Read: Top 3 Crypto’s that are Trending and Stealing Investors’ Attention by the End of 2025!

Market Dynamics and Technical Analysis

According to data from CoinDesk Research, Ethereum (ETH) is showing strong support around the $4,000 level. Despite mixed investment flows, with ETH investment products experiencing outflows, this support remains firm. This shows that investors still have confidence in the long-term value of Ethereum (ETH).

In addition, technical analysis also shows that there are clear resistance and support levels for Ethereum (ETH). This information is crucial for investors to make informed decisions on investing in the crypto market. CoinDesk also refers to the full AI policy in their article, which adds depth to the analysis presented.

Geopolitical Influences and the Future of Ethereum

Thomas “Tom” Lee, Chairman of BitMine, attributes the recent activity to the easing of tensions between the US and China. This is considered a positive signal that could affect the crypto market globally. Stable geopolitical conditions tend to boost investor confidence and influence crypto market prices.

With strong support around $4,000, Ethereum (ETH) is expected to continue its steady or even increasing performance. Investors and crypto market watchers will continue to monitor this development, especially with major activities from major players such as BitMine.

Ethereum’s Outlook Amid Market Dynamics

Ethereum (ETH) has shown remarkable resilience amidst market challenges. With strategic backing from large entities like BitMine, the outlook for Ethereum (ETH) looks even brighter. Investors are advised to keep a close eye on market developments and use technical analysis data to make informed investment decisions.

Also Read: Bitcoin (BTC) Breaks $115,000, Fear & Greed Index is Neutral!

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.