During the Proof of Talk conference in Paris, Tom Lee, the chairman of Bitmine Immersion Technologies, stated that corporate treasuries have taken over the stewardship of Ethereum (ETH) as the Ethereum Foundation has reduced its holdings to just 100,000 ETH. Lee highlighted that public companies, including Bitmine, are filling this gap, with Bitmine aiming to purchase 5% of ETH's total supply and currently holding 4.47%. He predicts that the price of ETH could soar to $250,000, driven by advancements in tokenization and AI. However, despite rising institutional interest, ETH's price has recently fallen below $1,900, marking a 5.1% drop in just 24 hours and over 19.7% in the last month. Technical indicators show strong selling pressure, with the 14-day RSI indicating oversold conditions. For ETH to regain momentum, it must stabilize above the $1,900 level; otherwise, it risks further declines towards $1,800.