Tom Lee: If Ethereum touches $1,890 again, it will form a perfect bottom

Foresight News live report: BitMine Chairman Tom Lee stated at the Consensus 2026 conference that the crypto market needs to wait for a bitcoin reversal, and the prerequisite for a bitcoin reversal is a weakening performance in gold. He believes this shift will occur this year. Regarding ethereum, he pointed out that since 2018, ethereum has experienced declines of over 52% eight times, and in all eight instances, it achieved a V-shaped bottom reversal. From January to March last year, ethereum fell by 64%, but then recovered at almost the same speed. Tom Lee said that if ethereum touches $1,890 again, it will form a perfect bottom. He believes ethereum is currently very close to its bottom and that investors should look for opportunities rather than sell. In addition, he emphasized that the future drivers for ethereum include Wall Street rebuilding the financial system based on blockchain, the application of AI agents, and the creator economy. He stated that although there are still internal disagreements within Wall Street, the willingness to use public blockchains is very clear.