Bitmine Hits the ETH Brakes as Ether Logs a 5% Weekly Slip 🛑

Ethereum ($ETH) is closing the week down roughly 5% as Bitmine Immersion Technologies moves to pause its $ETH accumulation, according to a CryptoNews price analysis published October 8, 2026. The report ties the weekly slide to the shift in the treasury firm's buying posture, framing the move as a notable change for a company that has positioned itself as a large-scale corporate holder of the asset.

Bitmine's plan to stop purchasing $ETH marks a reversal from its earlier accumulation strategy, the analysis states. The company has not announced a divestment, and the report does not specify the date of the policy change or the size of its existing $ETH position. The piece was authored by Ahmed Barakat and fact-checked by the CryptoNews editorial team, which has covered digital asset markets since September 2018.

The price analysis situates the 5% decline within a broader market context but stops short of attributing the move to a single catalyst beyond Bitmine's buying pause. CryptoNews separately noted Robert Kiyosaki continuing to flag $ETH as an asset of interest, Solana co-founder Anatoly Yakovenko expressing a bullish view on Ethereum Foundation staff cuts, and Fundstrat's Tom Lee maintaining a $25,000 $ETH price target in earlier coverage. The analysis does not endorse any of those forecasts and contains no investment advice.

Ether's weekly performance leaves $ETH trading below levels cited in recent Bitcoin ($BTC) coverage, where $BTC briefly reclaimed $81,000 as liquidations topped $1 billion. The $ETH and $BTC figures are reported as published; Crypto News Room has not independently verified the spot prices. All data, quotes and tickers in this story are drawn directly from the source article dated October 8, 2026.