Tom Lee: Ethereum is entering the “ETH 2.0” phase, and it may already be close to the market bottom now

According to CoinPost, BitMine chairman Tom Lee said at WebX 2026 that Ethereum is entering an “ETH 2.0” stage. Its growth pillars include a new foundation ecosystem, agentic AI, a financial settlement layer, and “ETH is money.” He believes Ethereum is currently showing tactical bottoming signals, and if it breaks through the $1,846 to $1,876 resistance range, the next target will be $2,200. Tom Lee previously said that ETH could reach $250k long term. BitMine currently holds about 5.74 million ETH, or 4.8% of the total supply, of which about 4.87 million are staked; the company led the investment in Eth Labs and is also involved in Ethereum Institutional. Tom Lee said BitMine will not rush to complete despite nearing its 5% target stake, and understands Vitalik Buterin’s view that no single entity should hold more than 5% of the ETH supply.
ETH0.26%
BMNR-2.27%
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YieldYeti
· 7h ago
Is ETH 2.0 back again? It feels like this term gets resurrected every year
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ContrarianIndicatorMyself
· 23h ago
From 2,200 to 250,000, there’s an order of magnitude difference in belief in the middle.
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GateUser-eccf92a1
· 23h ago
What is the new foundation ecosystem—does Vitalik plan to step back from day-to-day work?
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LintCollector
· 23h ago
Proxy AI + a financial settlement layer—the story is layered on top of itself; it all comes down to whether the funding is on board, whether it recognizes it, and whether the capital buys in.
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ViewingBullAndBearMarketsFromA
· 23h ago
4.87 million ETH staked—BitMine is really treating ETH like savings.
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StrollingOnTheEdgeOfTheDao
· 23h ago
Has Tom Lee’s mouth been blessed with foresight? $250k sounds like sci-fi, but the position size is indeed hardcore
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