Tom Lee went out and said something the market didn't expect early on: he believes that Ethereum has already hit the bottom. He didn't say that lightly. He backed it up with data and real actions behind the scenes. BitMine, of which he is the president, was buying millions of dollars worth of Ethereum for its coffers while everyone else was dumping it. This is the first signal. Institutions don't accumulate aggressively randomly — they do it when their models say that the downside risks are nearly over.
What Lee is indicating is simple. The price of Ethereum against the value locked on the network is completely disconnected. Historically, when this gap widens too much, you are close to the final phase of the downtrend. Additionally, the Ethereum/Bitcoin pair is reaching oversold levels in the long term, leading to a quietly forming bottom structure while the whole market is scared.
He also pointed out that Ethereum is now at a level where the overall fear cycle is fading and accumulations are starting from stronger hands. Although some treasury companies have slowed down due to funding pressures, BitMine has done the opposite — it has continued to buy aggressively. This is exactly what caught everyone's attention today.
And if you read between the lines, what he really wanted to say is this: the heavy part of the correction is over, there is not much room for Ethereum to drop unless something funny happens in the market. From here, the next phase is stability → slow rise → shift in sentiment.
Hey guys, but to be honest, most of the time when Tom Lee says something, short-term reality moves in the opposite direction first — so keep that in mind before rushing.
✅ My opinion: It does not call for a bottom built on noise. It calls for a structural bottom. If this continues, Ethereum will not explode right away, but the next significant movement will be upwards, and accumulation areas do not stay open for long.
