Ethereum, BitMine Just Broke Out — And $5,000 ETH, $130 BMNR Could Be Next

BitMine Immersion, the largest corporate Ethereum holder, advanced more than 9% to trade above $62, breaking through its descending trendline and testing the top of a cup-and-handle structure.

The company disclosed holdings of 2.83 million ETH worth $12.8 billion as reported on Oct. 5, alongside $456 million in cash and $113 million in equity stakes.