Tom Lee: The crypto "mini winter" may have already ended, and ETH could surge to $60k

ME News Report, April 15 (UTC+8), Bitmine Chairman Tom Lee stated at the Paris Blockchain Week 2026 conference that the current decline in the crypto market resembles a “mini crypto winter,” which may be nearing its end, and believes that risk assets have bottomed out amid “bad news” such as geopolitical conflicts. He pointed out that Ethereum is expected to emerge from long-term consolidation and will benefit from the tokenization trend and the development of on-chain AI (agentic AI) applications in the future. If his market assumptions are correct, ETH prices could rise toward $60k, with long-term intrinsic value even reaching approximately $62k (based on his estimate of Ethereum reaching about one-quarter of Bitcoin’s market cap). Lee emphasized that the US stock market has already bottomed out and is driving risk asset recovery, and that this crypto correction is a rare “non-stock market synchronized bear cycle.” He also mentioned that markets tend to form bottoms after major negative events such as wars. As of now, ETH has fallen about 43% from its October 2025 peak, and the market remains in a clear volatility zone. (Source: ChainCatcher)