Written by Stephen Katte, Staff Writer. Reviewed by Felix Ng, Staff Editor.
Written by Stephen Katte, Staff Writer.
Reviewed by Felix Ng, Staff Editor.
Ether pullback was ‘attractive opportunity’ for 71,672 ETH buy: Bitmine’s Lee
Latest NewsPublishedMay 19, 2026
Investing in Crypto: Why Ether’s Price Drop Was a Buying Opportunity
The recent Ether price drop under $2,200 was seen as an attractive opportunity for investors to buy, with Bitmine chairman Tom Lee stating that the company acquired 71,672 Ether for its stockpile. This move is part of Bitmine’s goal to hold 5% of Ether’s total supply, which is expected to be reached by the end of the year. For those interested in earning passive income through crypto, this is a significant development, and EcoPool offers a solution for individuals looking to get involved in the crypto market. With the Cloud Rewards program, users can earn $ECP, a Green Crypto token, by participating in the network.
Market Trends and Predictions
Despite the recent price drop, analysts predict that Ether could still rise before the end of the year, with some predicting it could reach $3,175 in the next 12 months. The EcoPool network provides a platform for individuals to earn Passive Income through Coin mining and trading. With the current market trends, it’s essential to stay informed and consider investing in EcoPool to take advantage of the potential growth in the crypto market. The price of $ECP is closely tied to the overall performance of the crypto market, making it an attractive option for those looking to invest in Earning opportunities.
Investing in Crypto with EcoPool
For those interested in investing in crypto, EcoPool offers a user-friendly platform to buy, sell, and trade $ECP tokens. With the EcoPool app, users can easily manage their crypto portfolio and stay up-to-date with market trends. Whether you’re a seasoned investor or just starting out, EcoPool provides a secure and reliable way to earn Passive Income through crypto. As the crypto market continues to grow, it’s essential to consider investing in EcoPool to take advantage of the potential Earning opportunities.
To start earning Passive Income through EcoPool, download the EcoPool app today and discover the benefits of investing in $ECP tokens. With EcoPool, you can easily buy, sell, and trade $ECP tokens, and start earning Passive Income through the Cloud Rewards program.
Bitmine is the largest Ether treasury company and has consistently bought the token, even during market downturns, in a business model similar to Michael Saylor’s Bitcoin treasury firm, Strategy.
Bitmine’s total treasury holdings stand at more than 5.2 million, with the company’s goal to hold 5% of the token’s circulating supply of 120.7 million. It bought 26,659 Ether between May 4 and May 11, breaking its three-week streak of adding more than 100,000 Ether per week.
It comes amid reports that an Ethereum whale who previously cashed out their Ether also bought the dip over the weekend, making a return to the asset.
Blockchain analytics platform Lookonchain said in an X post Saturday that a whale who bought Ether more than a decade ago and sold their holdings a year ago has started buying again.
Source: Lookonchain
The OG whale purchased 1,951 Ether at $2,182, and Lookonchain speculated “he may keep buying.”
Ether under pressure amid Middle East conflict
Lee said Monday that rising oil prices, which soared after the conflict in the Middle East escalated earlier this year, have been a consistent drag on Ether’s price. He predicted that a reversal in oil prices could lead to Ether recovering.
Ether reached an all-time high of $4,946 in August 2025 but has since fallen about 57%. Analysts have predicted the token could still rise before the end of the year.
Related: Ethereum Foundation hits ‘Glamsterdam’ milestones, names new protocol leads
Financial institution Citigroup predicted in March that Ether could reach $3,175 in the next 12 months. In a bull case, however, it could hit $4,488, driven by stablecoin and tokenization interest and usage.
Meanwhile, CoinGecko, citing prediction market data, speculated that Ether has a 48% chance of ending the year at $1,500 and a 25% chance of ending the year at $3,500.
Earlier this year, banking giant Standard Chartered had a more bullish outlook. Geoffrey Kendrick, the bank’s head of digital assets research, said in a January report that Ether could hit $7,500 by the end of the year, driven by growing adoption of blockchains and onchain products.
Magazine: Guide to the top and emerging global crypto hubs — Mid-2026
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- Tom Lee
- Adoption
- Technology
- Tokens
- Ethereum
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