Ethereum Price Prediction: ETH Climbs As Tom Lee’s BitMine Buys $29M ETH From Galaxy Digital
The Ethereum price climbed 0.65% in the last 24 hours to trade at $3,865.10 as of 11 p.m. EST on a 52% drop in trading volume to $16.52 billion. ETH got a boost from another buy by Tom Lee’s BitMine, which snapped up 7,660 ETH worth $29 million from Galaxy Digital on Oct. 31 via its OTC desk. Such large private deals are usually executed to avoid impacting the price. 🔥 NOW: Tom Lee’s Bitmine bought 7,660 $ETH from Galaxy Digital. pic.twitter.com/Jtcvhbn7bg — Cointelegraph (@Cointelegraph) November 1, 2025 BitMine’s goal is clear: accumulate up to 5% of the Ethereum supply as part of its “Alchemy of 5%” plan. It now holds 3.3 million ETH, or 2.745% of its supply, worth $12.8 billion, according to CoinGecko. While institutions are busy accumulating, retail traders seem more cautious. Data from Kalshi shows the odds of ETH hitting $5,000 before the year end have dropped sharply to just 34%. Even so, many analysts remain positive about Et...