Key Notes
- Bitmine bought 82,353 ETH on Nov 3, elevating whole holdings to three.4 million ETH valued at $14.2 billion.
- Ethereum dropped to $3,566 following a $120 million Balancer exploit earlier than rebounding to $3,620 amid oversold circumstances.
- Demise cross fashioned as 50-day MA crossed under 200-day MA, signaling potential downtrend except bulls reclaim $3,750.
On Nov. 3, Tom Lee-led Ethereum treasury agency Bitmine introduced a brand new buy of 82,353 ETH, increasing its whole Ethereum holdings to three.4 million ETH, valued at $14.2 billion.
In response to the corporate’s press launch, the agency raised its money reserves to $389 million, up from $305 million, whereas reemphasizing its goal to amass 5% of Ethereum’s circulating provide.
Associated article: Ethereum Stablecoins Hit New Peak, Uniswap Reigns with $170B Quantity
Tom Lee said the agency raised its ETH place by 82,353 ETH prior to now week, reaching 2.8% of ETH provide in circulation.
Following Bitmine’s newest purchase, its inventory value fell 7.48% to $43.16, reflecting investor anxiousness over the DeFi safety breach.
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BitMine offered its newest holdings replace for Nov third, 2025:$14.2 billion in whole crypto + “moonshots”:
-3,395,422 ETH at $3,903 per ETH (Bloomberg)
– 192 Bitcoin (BTC)
– $62 million stake in Eightco Holdings (NASDAQ: ORBS) (“moonshots”) and…— Bitmine (NYSE-BMNR) $ETH (@BitMNR) November 3, 2025
Weekly disclosures present constant Ethereum purchases, together with 203,826 ETH on Oct. 20 and 202,037 ETH on Oct. 13.
The final buy coincided with market turbulence following a $120 million exploit concentrating on Balancer, an Ethereum-based DeFi protocol.
.@Balancer and several other forked initiatives had been attacked a couple of hours in the past, leading to losses exceeding $120M throughout a number of chains. This was a extremely refined exploit. Our preliminary evaluation suggests the basis trigger was an invariant manipulation that distorted the BPT value… https://t.co/KaKA8D1A0i pic.twitter.com/zLfGW0mrmj
— BlockSec Phalcon (@Phalcon_xyz) November 3, 2025
Ethereum Worth Forecast: Can Bulls Defend $3,500 as Demise Cross Alerts Weak Momentum?
Ethereum’s current slide under $3,700 on Nov. 3 has triggered a demise cross formation between the 50-day transferring common at $4,145 and 200-day transferring common of $4,197. When a shorter-term transferring common dips under the longer-term one, it usually alerts a possible downtrend continuation, particularly when accompanied by heavy promote quantity skilled throughout Nov. 3’s $120 million Balancer exploit.
Ethereum ETH $3 665 24h volatility: 5.0% Market cap: $442.40 B Vol. 24h: $43.07 B value is consolidating round $3,616, down 7.4% on the day, its highest single-day loss because the record-breaking $19.4 billion crypto market capitulation on Oct. 10.
Ethereum (ETH) Worth Evaluation, Nov 3, 2025 | Supply: TradingView
Nevertheless, the RSI at 36.52 exhibits Ethereum getting into oversold circumstances, suggesting sellers could also be exhausting momentum short-term. This might gas a minor rebound, presumably towards the $3,720 resistance zone, the place the worth was rejected twice in late October.
If Ethereum fails to carry above $3,500, the following draw back goal sits close to $3,300.
Disclaimer: Coinspeaker is dedicated to offering unbiased and clear reporting. This text goals to ship correct and well timed info however shouldn’t be taken as monetary or funding recommendation. Since market circumstances can change quickly, we encourage you to confirm info by yourself and seek the advice of with knowledgeable earlier than making any choices based mostly on this content material.
