Tom Lee Calls Ethereum Bottom Hours After BitMine’s Massive 4,871 ETH Purchase

Just as BitMine snaps up nearly five thousand ETH, Tom Lee drops a bombshell prediction—Ethereum's bottom is in. Talk about timing.

The Institutional Move

BitMine's 4,871 ETH grab isn't just another crypto trade—it's a statement. Big money sees value here, betting heavy while retail investors panic-sell at the worst possible moment. Classic.

The Analyst's Edge

Lee's call cuts through the noise, pointing to institutional accumulation as the signal amidst the chaos. When whales feed, bottoms often form—simple, yet most miss it while chasing green candles.

The Cynic's Take

Of course, Wall Street's suddenly crypto-friendly again now that they've accumulated positions. How convenient—their 'analyst calls' always seem to align perfectly with their entry points.

Ethereum's poised for the next leg up. Whether you believe the hype or not, the smart money's already placing its bets.

Ethereum nears $4,300, is a rebound possible?

At press time, Ethereum is currently trading at around the $4,413 mark after a sharp decline from the $4,800 zone. The recent MOVE shows a clear downtrend, confirmed by the downward-sloping price action. Fundstrat’s Mark Newton predicts the price will go lower near the $4,300 range.

If ETH does manage to drop towards $4,300, a rebound attempt could be possible. ETH could bounce higher or extend its decline. Looking at the Relative Strength Index, which is sitting near 39, it is close to the oversold region but not quite there yet. This suggests that bearish momentum is still in play, though sellers may soon face exhaustion if the RSI dips further.

However, if the RSI manages to pull through to the oversold conditions, it could lead to a rally following Ether’s dip into $4,300.

Currently, ETH is trading around $4,413, which is very close to the 61.8% retracement support at $4,407. This level often acts as a critical pivot for potential reversals. If ETH can hold this zone, a rebound toward $4,491–$4,550 or higher may be possible in the short term.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.