Bullish Ethereum Price Amidst BitMine Purchases and Technical Catalysts

Ethereum price has crashed into a bear market, but technicals and treasury purchases point to a strong comeback. Companies like BitMine have continued to accumulate Ether tokens, with a total of $6.6 billion in holdings. The futures market also indicates a potential rebound, with a positive funding rate. The daily chart shows a bullish flag pattern, suggesting a potential rally to retest the year-to-date high of $4,963.