Ethereum may have bounced back above the $2,100 price level once again, but it is still far away from its recent all-time high of $4,900. Even with ETH falling this hard from its recent high, big companies are still adopting the leading altcoin, and Bitmine Immersion is demonstrating this institutional demand.

Bitmine Adds More Ethereum Amid Turbulent Conditions

Despite ongoing market turbulence, popular company Bitmine Immersion is pressing forward with its crypto expansion strategy, acquiring more Ethereum into its portfolio. The behavior suggests that the firm is leaning into volatility rather than withdrawing from it, indicating conviction in Ethereum’s long-term prospects.

According to the report from CryptoRus, the firm made another purchase of roughly 50,900 ETH, bringing its total holdings to about 4.47 million ETH. After the recent purchase, Bitmine immersion now holds roughly 3.7% of all circulating supply, making it one of the biggest holders of the altcoin across the sector. 

This is not a small treasury bet. Tom Lee, the Chief Executive Officer (CEO) of Bitmine, stated that the buying is deliberate and expects stocks and crypto to be up again in March while arguing that the markets are likely in the late stages of bottoming despite war headlines.

CryptoRus highlighted that these moves by Bitmine are a clear positioning, possibly ahead of a major upward move. With hundreds of millions in cash on hand, BitMine continues to accumulate ETH, viewing the decline as a chance rather than a red flag.

Although this indicates how at least one sizable, experienced player is interpreting this stage of the cycle, it does not ensure short-term price direction. When treasury buyers step in during a period of weakness, it often implies that the companies are ignoring the noise or FUD and are gearing up for the next leg.

ETH’s Price In Alignment With Bitcoin’s

On the 1-day timeframe, Ethereum’s price is currently following Bitcoin’s move higher in addition to the formation of the white bullish triangle scenario. In the past, it was assumed that even if one more low had developed, it would have probably been the last low in the structure. However, More Crypto Online stated that it has become less relevant with the current price action, and that possibility was present in the yellow scenario.

From here, the price can always go lower, but the key point of the bearish triangle required a break of support, which never occurred. Rather, the indication that the market was moving higher has been removed. A B-wave rally was still anticipated, even in the alternate scenario that permitted one more low.

Like Bitcoin, Ethereum has been monitoring the possibility of a bigger B-wave rally on the longer period, and it now seems to be taking place. However, the structure remains fragile and does not necessarily mark the beginning of a sustained impulsive rally. Thus, the expert noted that this move should be treated in terms of probabilities rather than certainty.

After resistance was broken, the short-term negative scenario that had been indicated on the chart was eliminated. Currently, the price is trying to break above the top limit of the range at $2,150.

Featured image from Freepik, chart from Tradingview.com

The overall rate of inflation, as measured by the National Consumer Price Index (NCPI), has decreased to 2.4% in January 2026, compared to 2.9% in December 2025, according to the latest data released by the Department of Census and Statistics.

Meanwhile, food inflation has decreased to 3.4% in January 2026 compared to 4.4% in December 2025, while the Year-on-Year inflation of the non-food group remained unchanged at 1.6% in January 2026.

Infosys reported Q3 FY26 revenue growth of 8.9% to Rs 45,479 crore, beating Street expectations. Net profit declined 2.2% to Rs 6,654 crore due to a one-time Rs 1,289 crore provision under India’s new labour codes. Despite global uncertainties and US visa costs, Infosys remains focused on AI-led growth and employee reskilling.

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Marquee investor Vijay Kedia picked up stake worth Rs 11 crore in Gujarat-based Eimco Elecon (India) on Tuesday via a bulk deal. Over 57,400 shares were bought by his investment company Kedia Securities Private Ltd at a price of Rs 1906.71 apiece.

The purchase price was 4.4% higher from the Monday closing price of Rs 1,825.55 on the BSE. Today the stock surged 5% and ended at Rs 1,917.50.

Eimco Elecon (India) is in business of manufacturing and marketing equipment for underground and opencast mines. It was incorporated in 1974 and went public in 1992. Situated at Vallabh Vidyanagar, Anand, Gujarat, the company is spread over a stretch of 15 acres.

Kedia’s stake purchase comes following a significant correction in the stock, indicating a dip buying. The share price has eroded 34% in the past one year and is currently down 77% from its 52-week peak of Rs 3,394.75.

The stock is a multibagger with returns of 426% over a 3-year period, significantly outperforming benchmark indices Nifty and the BSE Sensex whose returns stand at 45% and 41%, respectively in the same period.

Shares of Eimco Elecon are currently trading below their 50-day and 200-day simple moving averages (SMAs) of Rs 2,148 and Rs 2,003, respectively, according to Trendlyne data.The stock has been quite volatile, recording a 1-year beta of 1.4, the Trendlyne data revealed.The company reported a net profit of Rs 14.48 crore in the June ended quarter which was down from Rs 14.87 crore in Q4FY25 and Rs 14.78 crore in Q1FY25. The revenue in the reported quarter stood at Rs 67.56 crore versus Rs 64.28 crore in Q4FY25 and Rs 69.72 crore in Q1FY25. The topline increased 5% sequentially in Q1FY26 while falling 3% on an year-on-year basis.

Also Read: Half-century for Ashish Kacholia: Jain Resource Recycling is 50th stock, stake now worth Rs 128 crore

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

Ethereum is under significant pressure as the broader crypto market enters a corrective phase. After reaching a new all-time high of around $4,950 on August 24, ETH has now shed more than 22% of its value, slipping below the psychological $4,000 level. The steep pullback has left many investors in difficult positions, with some of the largest players in the market also feeling the impact.

According to top analyst Maartunn, even BitMine, one of the largest institutional holders of Ethereum, has seen its ETH position dip below its on-chain cost basis. This marks a critical moment, as whales typically act as stabilizers during corrections, and their unrealized losses reflect the depth of current market stress.

Despite this downturn, some analysts argue that Ethereum’s retracement may represent a healthy reset after weeks of overheated momentum. Corrections of this scale are not unusual following parabolic rallies and often serve to shake out excess leverage before setting up for longer-term stability. Still, with sentiment fragile and selling pressure mounting, the coming days will be pivotal for ETH as it tests key support levels and investors closely monitor whale behavior for signs of renewed confidence.

BitMine’s ETH Play Falls Below Cost Basis

According to top analyst Maartunn, Ethereum’s correction has placed one of the market’s largest institutional holders under heavy pressure. BitMine’s ETH portfolio, valued at roughly $7.5 billion, has just dipped below its on-chain cost basis around the $4,000 level. This development underscores the severity of the recent downturn and highlights that even large-scale players are not immune to the pain of corrections.

Maartunn emphasizes that this stage of the market is less about timing the perfect entry or exit and more about endurance. As he put it, “It’s about who can hold their breath the longest.” The remark reflects a broader sentiment among analysts who view the current environment as a psychological test for both retail and institutional investors. With volatility high and sentiment deteriorating, the ability to withstand drawdowns may determine who ultimately benefits from the next phase of Ethereum’s cycle.

The outlook remains divided. Optimists argue that this is a necessary pullback before Ethereum gears up for a massive leg higher, supported by growing institutional adoption and strong long-term fundamentals. On the other hand, cautious voices warn of a deeper correction, noting that breaking below critical support levels could trigger further downside.

The coming weeks will likely prove decisive. If ETH can stabilize above the $3,800–$4,000 range, confidence may return quickly. However, if selling pressure intensifies, the market could face an extended period of uncertainty before momentum rebuilds.

Despite global uncertainties and market volatility, India’s long-term growth and consumption story remain strong, said Daljeet Kohli, Head of Equities at Roha Asset Managers LLP.

Speaking to ET Now, Kohli noted that short-term hiccups caused by geopolitical tensions and tariffs will not derail India’s growth momentum. “Volatility is something we have to live with in equity markets. But the big picture is intact. India’s consumption story is here to stay for the long term,” he said.

According to Kohli, the proposed GST cuts could act as a “game changer” for domestic demand. He explained that over the last few years, urban households struggled with inflation, while rural areas faced weak income growth due to erratic monsoons. Now, with inflation easing, interest rates being cut, and government schemes putting more money into rural hands, both engines of growth—urban and rural consumption—are set to fire together. A GST cut of 5–10% across categories, he added, could kickstart a fresh consumption cycle.

Kohli further pointed out that while markets have recently slipped below key levels, selective opportunities are emerging. “If the market has disproportionately punished certain stocks, those may turn out to be the best buys once sentiment improves,” he noted.

Market uncertainty an opportunity for long-term investors

On the stock market outlook, Kohli argued that periods of uncertainty offer opportunities for long-term investors. “You don’t need to time the market perfectly. If you believe these issues are temporary, you can deploy capital gradually and benefit as conditions stabilise,” he advised.

Beyond consumption, Kohli highlighted sectors less affected by tariffs, such as farming, agrochemicals, and certain segments of pharmaceuticals and contract manufacturing. “Some companies can easily pass on the impact of tariffs, while others, like CDMO players, won’t feel much pressure. Investors should go sector by sector, company by company, to find those that can withstand current challenges,” he said.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)

Contract research and manufacturing services firm Syngene International on Wednesday reported a 3 per cent dip in consolidated net profit at Rs 183 crore for the March quarter. The company reported a net profit of Rs 189 crore in the January-March period of the last fiscal year.

Total income rose to Rs 1,037 crore for the fourth quarter as against Rs 933 crore in the year-ago period, Syngene International said in a regulatory filing.

For the year ended March 31, 2025, Syngene reported a net profit of Rs 496 crore as against Rs 510 crore in FY24.

Total income rose to Rs 3,714 crore for the fourth quarter as against Rs 3,579 crore in the 2023-24 fiscal year.

The company said its board, which met on Wednesday, recommended a final dividend of Re 1.25 per share of Rs 10 each for the 2024-25 financial year.

“The full year results, led by reported revenue growth of 4 per cent, are in line with our January guidance, reflecting a resilient performance in a challenging year. After a muted first half, driven by a sectoral downturn in US biotech funding, we are encouraged to see a return to growth in the second half of the year,” Syngene International MD and CEO Peter Bains stated. Looking at the year ahead, while the wider global market dynamics remain uncertain, the company expects the business momentum to continue with pipeline build in both small and large molecules, supported by new pilot programs and conversion of existing pilots in discovery services. “On an underlying basis for FY26, we expect revenue growth in the early teens reflecting a broad-based growth across research, development and manufacturing services,” Bains said.

Adjusted for inventory balancing in large molecule commercial manufacturing at client level, the reported revenue growth is likely to be at mid-single digit, he added.

Shares of the company on Wednesday ended 1.99 per cent up at Rs 750.05 apiece on the BSE.

Ethereum is currently trading at a critical resistance level as bulls attempt to regain momentum and push for a fresh high. The broader market remains under pressure as global uncertainty escalates, largely fueled by ongoing trade tensions between the United States and China. Last week, US President Donald Trump announced a 90-day tariff pause on all countries except China, intensifying concerns about an extended trade conflict that could destabilize global financial markets.

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In this high-stakes environment, Ethereum’s price action is drawing close attention from investors and analysts. Top crypto analyst Ali Martinez shared that historically, the best Ethereum buying opportunities have emerged when the price drops below the lower MVRV (Market Value to Realized Value) Price Band—a level that signals potential undervaluation. Notably, ETH is now trading precisely in that zone.

This alignment between technical conditions and macroeconomic instability suggests that Ethereum could be entering a phase of accumulation, with long-term investors looking to capitalize on discounted prices. However, sustained upward momentum will depend on whether bulls can overcome immediate resistance and whether macro conditions improve. The coming days could prove pivotal for ETH as it tests both technical and psychological thresholds.

Ethereum Dips Into Historical Opportunity Zone

Ethereum is currently trading below key resistance levels after enduring several weeks of selling pressure and weak market performance. Since losing the crucial $2,000 support level, ETH has fallen roughly 21%, a clear indication that bulls have yet to regain control. Broader macroeconomic pressures, especially rising global tensions and uncertain trade conditions between the US and China, have further dampened market sentiment. These conditions have driven many investors to exit riskier assets like cryptocurrencies, leading to elevated volatility and reduced market participation.

Despite this downtrend, some analysts believe Ethereum could be nearing a pivotal turnaround zone. According to Martinez, one of the best historical signals for Ethereum accumulation has been price action dipping below the lower bound of the MVRV Price Band—a metric that compares market value to realized value to assess whether an asset is over- or undervalued. Currently, Ethereum is trading beneath that lower band.

Martinez emphasizes that this positioning has typically preceded strong upside reversals, especially during periods of extreme market pessimism. While short-term volatility may persist, ETH’s entry into this zone could present a rare opportunity for long-term investors to accumulate at historically discounted levels—if market conditions stabilize and sentiment shifts.

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