Despite the drop in the price of ether, Tom Lee argues that ETH is on the verge of a strong upward trend. On-chain analysts also see signals of an impending rebound.
Tom Lee predicts an ETH supercycle.
Ether is approaching a key accumulation level.
The final stretch before the rebound?
Tom Lee, president of BitMine, claims that ether is repeating the path of bitcoin from years ago. BTC, recommended by him at 1000 USD, has dropped multiple times by 75% before becoming an asset valued a hundred times higher. Lee believes that ETH is currently in a similar position, despite the drop to around 3200 USD.
Additional arguments are provided by CryptoQuant. According to Burak Kesmeci, the price of ETH is about 150 USD short of the average cost basis for long-term investors — a level that historically led to strong rebounds. Ether has only once fallen below this boundary, after which it rose dynamically.
Analysts also emphasize that in 2025, accumulation portfolios increased their assets to 27 million ETH, indicating a long-term belief in the project.
Macroeconomics may additionally strengthen the trend: the end of quantitative tightening and potential aggressive rate cuts by the new Fed chair could create conditions for entering a supercycle, as Lee mentioned.
