- Tom Lee ETH bottom prediction shows merit.
- Experts now believe Lee’s bull target predictions will play out next.
- The price of ETH could surge to $7,000 – $9,000 soon.
The crypto market experienced another massive price dump over the last 48 hours. This dump was preceded by the prices of gold and silver falling exponentially, leading experts to believe retail investors of gold and silver were rugged. Currently, the prices of BTC and ETH are both down, as are many other crypto assets. The community notices how Tom Lee ETH bottom prediction shows merit, and hope that his bull target predictions play out next.
Tom Lee ETH Bottom Prediction Shows Merit
The crypto community just experienced another brutal market dump, a move that was followed after both gold and silver prices fell heavily. During this dip, the price of BTC fell from $89,000 to almost $75,000. Similarly, the price of Ethereum fell from just under $3,000 to as low as $2,300. This sudden dip in market prices led to two distinct reactions from the greater crypto community.
On one hand, the reaction was very bearish, as many bearish analysts believe the start of the bear market will play out this year and expect the price of BTC to fall under $70,000 by the end of the year. The same experts believe the 4-year bull cycle is in play. On the other hand, the reaction was quietly bullish. These experts believe the price of BTC, ETH, and altcoins will turn bullish and rally soon.
In detail, these bullish analysts believe the price of BTC will see new ATH prices this year as they expect a 5-year supercycle to play out instead, one that will usher in a parabolic and exponential price pump for crypto assets, never seen before. Among these experts in Tom Lee, a very bullish market leader who expected new ATH price of BTC and ETH by the end of January 2026.
Will His Bull Target Predictions Play Out Next?
As we can see from the post above, Bitmine Immersion’s Tom Lee, someone who heavily accumulated ETH last year, hoping for new ATH prices before the current month, still believes that the price of ETH could rally. His initial ETH accumulation has now put Bitmine Immersion at a position of $6 billion in unrealized loss. Yet, Lee expects to see ETH rally to $7,000 ATH anytime now.
Furthermore, as we can see from the post above, this post notices that Tom Lee’s ETH bottom target prediction has just come true, following the latest price drop. Here, we see him talking about ETH bottoming in the $2,400 price range. He also talks about expecting an ETH ATH at the $9,000 price range and a BTC ATH at the $250,000 price range. He even said once metals cool, crypto will close the gap and hit new ATH prices. This scenario could very well be playing out now.
