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Tom Lee: If Ethereum reaches $1890 again, it will form a perfect bottom.

ethereum news Market Analysis Price Prediction

2026-02-11 05:24:08

ETH0.34%

BTC0.52%

Foresight News reported that BitMine Chairman Tom Lee said at the Consensus 2026 conference that the crypto market needs to wait for a Bitcoin reversal, and the premise of Bitcoin's reversal is a weakening of gold's performance, which he believes will happen this year. Regarding Ethereum, he pointed out that since 2018, Ethereum has fallen by more than 52% eight times, and the previous eight times have achieved V-shaped bottom reversals. From January to March last year, Ethereum fell 64%, but then repaired at almost the same pace. Tom Lee said that if Ethereum touches $1,890 again, it will form a perfect bottom. He believes that Ethereum is currently very close to the bottom and investors should look for opportunities rather than selling. Additionally, he emphasized that future drivers for Ethereum include Wall Street's blockchain-based reconstruction of the financial system, the application of AI agents, and the creator economy. He said that although Wall Street is still divided internally, its willingness to use public chains is clear.

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