Bitmine Chairman Tom Lee Announces Ethereum Price Has Hit Rock Bottom!

Tom Lee, Chairman of Bitmine (BMNR), argued that Ethereum ($ETH) has bottomed out at its current price levels and is preparing for a strong recovery. Speaking at the WebX 2026 conference in Tokyo, Lee compared Ethereum’s current outlook to the recovery of the US stock market following the 1987 stock market crash.

According to Lee, there are striking similarities between Ethereum’s price chart and the movement of the S&P 500 index after 1987. The renowned investor noted that the S&P 500 entered a strong uptrend after a sharp decline, suggesting that Ethereum is similarly at a significant low point and has the potential to move upwards in the coming period.

Tom Lee stated that the recent weak performance of Ethereum’s price has worried many investors, but they are ignoring the long-term fundamental dynamics of the market. He specifically noted the growing institutional adoption, particularly from Wall Street, but argued that the increasing interest of traditional financial institutions in the Ethereum ecosystem has not yet been fully reflected in prices.

According to him, while the current low prices are influenced by investor psychology, institutional demand is considered to be a significant support factor for $ETH in the long term.

Lee also touched upon the major macroeconomic factors that could affect Ethereum and the overall cryptocurrency market in 2026. Key issues Lee highlighted as needing close monitoring included the Federal Reserve’s (Fed) monetary policy, the Clarity Act (expected to establish a regulatory framework for the crypto sector in the US), the impact of AI investments on capital flows, and the financial sector’s weaker performance compared to other sectors.

Market experts say Ethereum’s future performance will depend not only on technical indicators but also on institutional investor interest, regulatory developments, and global macroeconomic conditions. Nevertheless, Lee maintains that current levels present a significant opportunity for long-term investors.

*This is not investment advice.