Tom Lee, Reveals Ethereum's Perfect Bottom! Here Are the Details

Blotienso · 2026-02-11T11:00:53+00:00

Tom Lee, CEO of BitMine, suggests that Ethereum could form a "perfect bottom" if it drops to $1,890. He claims that a sustainable cryptocurrency recovery hinges on Bitcoin's trend reversal, which he believes is tied to a potential weakening of gold by 2026. Since 2018, Ethereum has seen several significant declines but has consistently bounced back.

Blotienso

2026-02-11 11:00:53

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BitMine CEO Tom Lee stated that if Ethereum drops to $1,890, it could form a “perfect bottom.” Mr. Lee made this remark at the Consensus 2026 conference.
Lee argued that a sustainable recovery in the cryptocurrency market first requires a trend reversal in Bitcoin. According to him, the essential condition for Bitcoin to reverse is the weakening of gold. Lee believes this change will occur by 2026.
Regarding Ethereum specifically, Lee emphasized that since 2018, ETH has experienced eight declines of over 52%, and in all eight cases, the market reversed to form a V-shape.
Lee noted that Ethereum lost 64% of its value from January to March last year but then recovered almost quickly, making up for the losses.

ETH-2,59%

BTC-1,73%

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