Technical analyst Peter Brandt believes Ethereum's short-term bottom is near the support zone between $1800 and $2200. Analyst Ali Martinez noted that the SuperTrend indicator has turned to a "buy" signal, with Ethereum re-establishing support at the $2200 level; similar signals previously indicated gains of 52% and 174% respectively. This bullish sentiment aligns with BitMine's purchase of 60999 ETH last week, bringing its holdings to 3.81% of total supply. Ethereum is currently trading at $2357, up 8.37% in the last 24 hours.

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