BitMine Expands to 5.77M ETH as Price Holds Near $1,807

Ethereum trades near $1,807 after holding the $1,800 support. On 12 July, large wallets accumulated 11,306 ETH worth $20.59 million while exchange netflows stayed negative for eight straight days. Momentum accelerated on 13 July as Robinhood Chain bridged $141 million and surpassed 500,000 wallets. BitMine then boosted its treasury to 5.77 million ETH (4.8% of supply), joined the Russell 1000 index, and staked 4.92 million ETH for an estimated $242 million annual yield. Analysts now watch for a breakout above $1,850 toward $2,000.