Ethereum price prediction is once again grabbing headlines as BitMine Immersion Technologies accelerates ETH treasury expansion. The firm purchased nearly $400 million worth of ETH over the past week and now holds 2.9% of the total supply.

With this recent accumulation, BitMine’s treasury has now crossed the halfway point of the ‘Alchemy of 5%’ goal. The institution ranks as the largest ETH treasury and the second-largest crypto treasury.

From a technical analysis viewpoint, the Ethereum price has reclaimed the $3,500 support level and is now teasing a potential reversal. Analysts forecast that ETH could experience a major rally in December if market conditions improve.

Meanwhile, the meme coin market is recovering faster than the broader market. According to CoinMarketCap data, the total meme coin market cap surged from $47 billion to $50 billion, representing a roughly 6% gain over the past week.

As ETH regains institutional demand and meme coins are back in strength, retail investors are flocking to Maxi Doge, a rising meme coin that is going viral in its presale phase.

Inside BitMine’s ETH Accumulation Amid Broader Market Dip

Despite the broader market uncertainty and an ongoing dip, BitMine continues to acquire ETH  and now has over 3.5 million tokens, accounting for 2.9% of the total ETH supply. BitMine Chairman Thomas Lee confirmed the milestone in a statement released on Monday.

“The recent dip in ETH prices presented an attractive opportunity, and BitMine increased its ETH purchases this week,” said Lee. “We acquired 110,288 ETH tokens over the past week, 34% more ETH acquired compared to the week prior. This pushed our ETH holdings to 3.5 million, or 2.9% of the supply of ETH. We are now more than halfway towards our initial pursuit of the ‘alchemy of 5%’ of ETH.”

Ethereum Price Prediction: Will ETH Climb to $4k By the End of 2025?

Over the past month, the Ethereum price has gradually slipped from the October highs near the $4,700 level. With a nearly 30% decline in four weeks due to profit-taking and fearful market sentiment, ETH is now down to $3,450. Over the past week, it has attempted to break above the $3,700 resistance zone but failed repeatedly, leading to increased bearish sentiment.

The Ethereum price is consolidating at the lower level of its narrow range as selling momentum remains intact. On the daily chart, the RSI value of 41 indicates weak momentum, and the negative MACD oscillator dropping below its signal line further supports a bearish bias.

ETH has an immediate support near $3,350 and another significant demand level near $3,180. On the other hand, multiple key resistances are around the $3,700-$3,900 zone, where bears could reject upward price reversals.

If ETH can hold above the $3,500 support and break out from the $3,700 resistance with significant momentum, the Ethereum price prediction of reaching the $4,000 psychological level could come true. However, a break below $3,180 could lead to further selling and take ETH toward the $3,000 level.

Maxi Doge: The Biggest Doge-themed Presale to Watch

Maxi Doge is quickly gaining traction as meme traders rush towards early-stage meme coins ahead of upcoming meme coin mania. While Ethereum is regaining institutional support, retail capital is rotating into emerging Doge-themed tokens like MAXI that combine comedic branding with aggressive meme energy.

While Dogecoin offers only the same old humour, Maxi Doge represents the combined hustle of meme traders seeking explosive returns. The community motivates investors to trade with 1000x leverage and unlock maximum gains every day.

Why meme coin investors are rushing to acquire Maxi Doge:

• Nearly $4 million raised in presale

• Available at a low price of $0.0002675 per token

• Presale investors get 77% APY for staking

• Provides a gateway to an exclusive trading community

Early investors who hold for the long term can achieve outsized returns as community engagement rises with the project gaining mainstream attention. If MAXI sustains similar momentum until the end of the presale, it could skyrocket on the listing day, providing massive ROI.