Ethereum’s price movement has captured the attention of both investors and market observers, as Tom Lee, chairman of BitMine and former strategist at Fundstrat, predicts that the $2,500 mark could serve as a springboard for significant buying activity. Lee, a consistent advocate for Ethereum’s long-term prospects, contends that the recent decline from $4,800 to $2,800 is the result of systematic liquidations rather than a breakdown in fundamentals, making $2,500 a pivotal turning point. “This is a deliberate shakeout,” Lee stated,
referencing insights from strategic advisor Tom DeMark
, who sees $2,500 as a foundational low where selling pressure dissipates. According to Lee, the recent drop
is largely caused by participants with limited capital
who are compelled to sell quickly, resulting in a sharp but short-lived correction.
Technical indicators in the market reinforce this perspective. The $2,500 level for Ethereum is being closely monitored as a crucial support area, with on-chain data and derivatives positioning pointing to potential stability if buying interest holds steady
as noted by BitMine CEO Tom Lee
. BitMine, which owns 3.63 million ETH (about 3% of the total supply), has increased its holdings,
reflecting institutional trust
in Ethereum’s future value. Lee highlighted that a recovery from $2,500 could set the stage for a rally to $7,000–$9,000 by January 2026,
fueled by a wave of tokenization
and expanding institutional involvement. This outlook is consistent with broader developments,
such as the growth of stablecoins
and advancements in Layer-2 solutions, which Lee likens to a “ChatGPT moment” for blockchain technology.
Nonetheless, the road to recovery is not without obstacles. Ethereum’s lag behind the S&P 500—up 20 days after its peak, while ETH continues to slide—reveals some structural vulnerabilities. The market crash on October 10,
which led to forced deleveraging
, intensified these challenges.
Experts warn
that while $2,500 may act as a near-term bottom, a further drop to $1,500, though unlikely, remains possible if economic pressures and regulatory issues worsen.
On the other hand, institutional engagement provides some support. BitMine’s recent $20 million commitment to
WorldCoin
, a project focused on biometric verification, along with its upcoming staking platform MAVEN,
highlight the company’s optimistic outlook
. The announcement of dividends by BitMine, a rarity among major crypto firms,
also points to financial strength
. At the same time,
Ethereum
ETF inflows, while still trailing those of Bitcoin, are beginning to stabilize,
with net inflows of $55.7 million
recorded on November 21, ending a nine-day streak of outflows.
Long-term confidence is rooted in Ethereum’s core strengths. Forthcoming upgrades like Dencun are designed to boost scalability and lower Layer-2 expenses, while staking returns and developer engagement remain strong
according to market analysts
. Lee’s ambitious 10–15-year projection of $60,000
underscores his conviction
in Ethereum’s potential as a global payment network and its capacity to digitize traditional assets.
In the short term, volatility persists,
with Ethereum hovering around $2,940
as buyers defend the $2,900 threshold. A move above $3,115 could spark renewed upward momentum toward $3,600, but ongoing outflows and economic uncertainty present immediate risks. For now, the market is watching to see if $2,500 will hold—a level Lee believes will either confirm his supercycle theory or reveal deeper issues.
