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.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
ETH drops below 1950 USDT
Gate News bot message, Gate market display, ETH drops below 1950 USDT, current price 1949.08 USDT.
CryptoRadar1h ago
Data: If ETH drops below $1,882, the total long liquidation strength on major CEXs will reach $698 million.
ChainCatcher reports that, according to Coinglass data, if ETH drops below $1,882, the total liquidation strength of long positions on major CEXs will reach $698 million. Conversely, if ETH breaks above $2,079, the total liquidation strength of short positions on major CEXs will reach $662 million.
GateNews2h ago
Why Vitalik Buterin Sold Over $30M in Ethereum This Month
Vitalik Buterin sold 17,196 ETH worth over $30 million to fund the Ethereum Foundation and his biotech nonprofit, reducing his holdings by 7%. This aligns with his ongoing philanthropic pattern during market downturns.
CryptoFrontNews3h ago
EIP-8141: Vitalik Just Cracked Ethereum’s Decade-Old Problem
_Vitalik Buterin announces EIP-8141, an account abstraction overhaul set to remove intermediaries and reshape Ethereum’s transaction layer entirely._
Ethereum’s account abstraction problem has been sitting unresolved since 2016. That
LiveBTCNews3h ago
PengoPay Launches Multi-Chain Stablecoin Payment Platform for Ethereum and Solana
_PengoPay launches a multi-chain stablecoin payment platform supporting Ethereum and Solana, offering secure crypto payments, invoices, and global settlements._
The global crypto payments sector is expanding as new infrastructure platforms enter the market. Recently, a new stablecoin payment
LiveBTCNews4h ago
