The latest purchase lifted the company’s Ether holdings to about 3.4% of the 
token&#8217;s circulating supply, as Bitmine&#8217;s chairman, Tom Lee, aims to accumulate 
5% of the total outstanding supply.

Bitmine ETH holdings climb to 4.1M as chairman seeks to expand crypto strategy

Bakkt Holdings Inc. has agreed to acquire Distributed Technologies Research 
Ltd. (DTR) in a stock-based transaction aimed at expanding its stablecoin 
settlement and programmable payments capabilities. Bakkt’s Board Approves DTR 
Acquisition After Special Committee Review Under the definitive agreement, 
Bakkt Holdings Inc. will issue Class A common stock equal to 31.5% of the 
“Bakkt Share […]

Bakkt to Acquire Distributed Technologies Research in Stock-Based Transaction

&#8230;another penny drops. Billionaire Charles Hoskinson gripes about Trump&#8217;s 
approach to crypto and wants crypto czar to go should legislation stall in Q1.

Cardano founder Hoskinson draws a line: Pass the crypto bill—or czar should go

Ethereum is nearing a decisive phase that could unlock a major long-term price 
expansion. A higher-timeframe analysis shared by a TradingView analyst 
suggests that, despite current short-term weakness, Ethereum remains 
structurally positioned for a significant upside move. If the ongoing 
formation resolves as expected, the projected breakout places Ethereum’s price 
well above $24,000. Ethereum’s Long-Term Structure Remains Intact From a 
broader perspective, the analyst emphasizes that Ethereum has not broken its 
established trend since 2020. Over that period, price action has continued to 
form higher highs, reinforcing the view that the long-term structure remains 
valid. Rather than signaling failure, the prolonged consolidation seen over 
recent years is framed as stabilization within a large and defined range. 
Related Reading: Analyst Predicts Strongest XRP Price Rally In History Is 
Coming, Here’s Why This range sits between $1,000 and $3,000, with the $1,000 
level identified as a critical psychological and structural support. According 
to the analysis, Ethereum’s ability to hold above this zone is central to the 
bullish thesis. Remaining above it allows the asset to continue developing a 
massive ascending triangle, a formation often associated with strong 
continuation moves once completed. Within this triangle, the analyst outlines 
a clear progression of internal price phases. Two major legs of the structure 
have already formed, and Ethereum is now moving through the final phase needed 
to complete the setup. This phase has brought short-term bearish signals, but 
they remain part of the broader structure rather than a structural breakdown. 
As the price approaches the lower boundary of the triangle, several layers of 
support converge. These include the rising structural trendline and key moving 
averages that have historically supported Ethereum’s price. The analyst notes 
that stabilization and a bounce are likely in this area, provided Ethereum 
does not break below the triangle’s lower limit. Such a break would invalidate 
the structure, but current conditions suggest that risk remains contained. Why 
A Breakout Opens The Door To $24,000 The bullish scenario hinges on 
confirmation. Once the triangle is fully formed and Ethereum breaks above its 
upper boundary, the analyst expects a continuation move to follow. Based on 
the size of the formation and prior market behavior, the projected expansion 
points to a move of roughly 300% from current levels. When applied to 
Ethereum’s existing range, that expansion places the primary bullish target 
above $24,000. This projection is not presented as a short-term price call, 
but as the potential outcome of a multi-year structure finally resolving 
upward. Related Reading: XRP Mirrors Gold’s Trajectory: What A Similar ATH 
Rally Would Mean Additional context strengthens this outlook. Ethereum 
continues to benefit from growing institutional participation, and recent data 
shows record stablecoin transfer volumes exceeding $8 trillion on the network. 
These developments suggest increasing reliance on Ethereum’s infrastructure, 
which could support sustained price expansion following a confirmed breakout. 
Ultimately, the analyst believes Ethereum’s next major move depends on how 
this consolidation phase concludes. If the structure holds and the breakout is 
confirmed, the path toward prices above $24,000 becomes a technical 
continuation rather than an outlier scenario. Featured image created with 
Dall.E, chart from Tradingview.com

This Ethereum Triangle Breakout Puts Price Above $24,000, Here’s The Path

ETH’s recent rally was driven by spot demand and a healthy use of futures 
market leverage, potentially setting Ether up for a follow-up move to $4,000.

Cryptocurrency price in ZAR