Ethereum's bottom line is $4,200! Analysts under Tom Lee: ETH is about to hit the bottom in the next two days, then rise to $5,500.

robot
Abstract generation in progress

Tom Lee, chairman of BitMine, stated that his fund's analysts predict that Ethereum may bottom out within the next two days, reaching a low of $4,200, followed by a rebound to $5,500. (Background: Crypto assets attracted $5.95 billion in a week, hitting a new high! Bitcoin and Ethereum accounted for 80%, with SOL and XRP closely following.) (Supplementary background: Analyst under Tom Lee: Ethereum's $4,000 defense battle to stabilize for a long-term rise to $5,500.) This morning (10), Tom Lee, chairman of the world's largest Ethereum reserve company BitMine, posted on the X platform, pointing out that his fund's analyst Mark Newton shared the latest outlook on Ethereum, predicting that the recent pullback in Ethereum will soon end, with the bottom likely to be reached in 1-2 days, followed by a rise to $5,500: Crypto expert @MarkNewtonCMT has spoken again: "I do not make much of the recent weakness in crypto assets, and expect $ETHUSD to likely bottom out over the next 1-2 days before rebounding and rising to 5500. After a strong technical rally in ETHUSD from 9/25 to 10/7, there has been a slight three-wave pullback, and this pullback is expected to end on 10/11 and turn upwards. ETHUSD has pulled back 50% of the rally since 9/25, but it is expected to reach $4,200-$4,220, which will provide an ideal support area, after which ETH will turn upwards." Crypto savant @MarkNewtonCMT at it again: "I do not make much of Crypto weakness in recent days, and expect $ETHUSD likely bottoms out over the next 1-2 days before heading back higher and rallies to $5500 – Following a recent strong technical rally from 9/25 into 10/7 in… pic.twitter.com/LCQDtGpDXs — Thomas (Tom) Lee (not drummer) FSInsight.com (@fundstrat) October 9, 2025 BitMine continues to buy Ethereum. After increasing its holdings by 179,000 Ethereum last week, BitMine continues to buy ETH this week. First, on October 8, a wallet believed to belong to BitMine purchased about 20,000 Ethereum through FalconX, worth approximately $90 million. Then this morning (10), Lookonchain again pointed out that BitMine withdrew nearly 24,000 Ethereum from BitGo, worth approximately $103 million. Related reports: The Ethereum Foundation has established a "Privacy Research Group" to push six major roadmaps, fully launching the competition in the privacy track. Anthea Holding will launch the world's first "Ethereum Life Insurance," having completed $22 million in Series A financing, led by Yunfeng Financial. Bitcoin's insurance has lost the $120,000 mark, wiping out all gains over three days, and Ethereum has fallen below $4,500, with the four major U.S. stock indices closing in the red. <Ethereum's bottom line is $4,200! Tom Lee's analyst: ETH is expected to bottom out in the next two days, then rise to $5,500> This article was first published in BlockTempo, the most influential Blockchain news media.

ETH-1.35%
SOL-0.14%
XRP-0.56%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)