Ethereum’s price is maintaining support above $4,100, following BitMine’s massive $84 million acquisition of the ETH coin. While the coin is down 7.5% this week, BitMine CEO Tom Lee insists that Ethereum has strong growth potential to close out this year. The analyst insists that the price of Bitcoin may reach $250,000 by the end of the year and that Ethereum’s price will follow, perhaps to the $12,000-$15,000 range.
During his latest interview, the BitMine chairman described Ethereum as a “truly neutral chain,” adding that the platform is likely to attract growing support from both Wall Street and the White House. Lee said that both the White House and Congress, which have adopted a more pro-crypto stance under the Trump administration, appear to be focusing primarily on Ethereum. As a result of the growing institutional interest, a surge could be inbound, mimicking the climb seen late this summer.
“So when I look at that, combined with agentic AI and robots that are really gonna create the need for a token economy for robots, a lot of that will happen on Ethereum. In fact, President Trump today just talked about how he needs proof-of-human to protect us, and a lot of that work is going to be done on Ethereum.”
BitMine Immersion executed an $84 million Ethereum price purchase in just 24 hours, adding 18,730 ETH tokens to reach over 2.15 million total holdings. The company also announced pricing of a $365.24 million registered direct offering, selling 5.22 million shares at $70 per share. The Bitmine Ethereum acquisition brings the company’s total crypto holdings to $11.4 billion, and this represents over 2% of Ethereum’s circulating supply right now. With the new $365 million capital specifically earmarked for ETH purchases, ETH price prediction models suggest even stronger buying pressure ahead, sending the coin higher.
Also Read: Ethereum (ETH) Price Prediction For September End 2025
Furthermore, Ether’s price today faces resistance at $4,502. However, analysts maintain bullish ETH price prediction outlooks thanks to BitMine’s expanded buying power. The path toward Ethereum price max targets around $12k remains viable as on-chain metrics show strengthening fundamentals right now. Analysts at Standard Chartered recently raised their price target, citing corporate accumulation trends, and multiple forecasts project the Ethereum price could reach $6,500-$7,500 during the next bull cycle. This is supported by institutional adoption along with network improvements and BitMine’s continued acquisition capacity.
