Despite a significant $417 million ETH purchase by BitMine, Ethereum’s bearish MACD signal continues to raise concerns. While this strategic acquisition signifies institutional confidence in the long-term potential of the cryptocurrency, technical indicators are pointing towards a possible price decline. Analysts have noted the historical correlation between the MACD crossovers and significant price drops. The emergence of this bearish pattern suggests Ethereum’s near-term stability may be under scrutiny, although ongoing institutional investment like BitMine’s purchase offers hope for continued growth. Investors should remain wary of potential market fluctuations as both cautious and opportunistic traders prepare to navigate this volatile environment.