Ethereum Price Forecast: BitMine uplists shares to NYSE, ETH ETFs show weakness

Ethereum price today: $2,210

BitMine Immersion has uplisted its shares from the NYSE American to the NYSE amid its consistent ETH accumulation.
Ethereum ETFs have recorded only three days of inflows since March 18.
ETH is looking to find support at the 50-day EMA.

"Today, Bitmine achieved a major milestone by being uplisted to the 'Big Board' NYSE [...] The NYSE is the envy of capital markets around the world and Bitmine is proud to be the newest company traded on this exchange," said BitMine Chairman Thomas Lee in a statement.

The company also announced that its Board of Directors unanimously approved expanding its share repurchase program from a total authorization of $1 billion to $4 billion. Citing data from Fundstrat, BitMine claims the expansion ranks it among the ten largest corporate buybacks announced in 2026.

BitMine recently upscaled its treasury holdings, purchasing 71,252 ETH in the week ending April 5, its largest acquisition since December. The company holds 4.803 million ETH, per its last update on Monday.

While BitMine has continued to accumulate, mixed sentiment remains visible on the institutional front. US spot ETH exchange-traded funds (ETFs) have posted two consecutive days of net outflows after recording a $120 million inflow on Monday. The products have recorded only three days of positive flows since March 18.

Ethereum Price Forecast: ETH could hold 50-day EMA support

Ethereum has seen $51.5 million in liquidations over the past 24 hours, led by $27.3 million in long liquidations.

In the daily chart, ETH trades at $2,211. The pair holds a constructive short-term bias as price trades above the 20-day Exponential Moving Average (EMA) at $2,117 and the 50-day EMA at $2,153, while still capped beneath the 100-day EMA at $2,389. This configuration suggests a recovery phase within a broader corrective backdrop.

The Relative Strength Index at 57 leans bullish without being overbought, though the Stochastic at 81 warns that upside momentum may be running hot and vulnerable to consolidation.

On the topside, immediate resistance is clustered around $2,390, where a horizontal barrier aligns with the 100-day EMA. A clean daily close above this zone would open the way toward the next resistance levels at $2,746 and then $3,411.

On the downside, initial support is seen at the 50-day EMA at $2,153, followed by the 20-day EMA at $2,117 and the nearby horizontal level at $2,108, forming a dense demand area. A break below that band would expose deeper supports at $1,911, $1,741, and $1,524, where medium-term buyers would be expected to re-emerge.

(The technical analysis of this story was written with the help of an AI tool.)