{"id":21890,"date":"2026-02-12T07:41:22","date_gmt":"2026-02-12T07:41:22","guid":{"rendered":"https:\/\/bitunikey.com\/news\/ethereum-price-outlook-bitmines-tom-lee-says-bottom-may-be-near\/"},"modified":"2026-02-12T07:41:39","modified_gmt":"2026-02-12T07:41:39","slug":"ethereum-price-outlook-bitmines-tom-lee-says-bottom-may-be-near","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/ethereum-price-outlook-bitmines-tom-lee-says-bottom-may-be-near\/","title":{"rendered":"Ethereum price outlook: Bitmine\u2019s Tom Lee says bottom may be near"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">BitMine executive Tom Lee discussed Ethereum\u2019s price outlook at Consensus, saying past downturns have always ended in sharp, \u201cV-shaped\u201d recoveries. <\/p>\n<div id=\"cn-block-summary-block_5933f1fa11ebad3466a006277d69eba1\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>BitMine executive Tom Lee says Ethereum is likely nearing a bottom, noting that ETH has recovered from every major 50%+ drawdown since 2018.<\/li>\n<li>Lee points to a potential \u201cundercut\u201d near $1,890 as a technical signal that the current sell-off could be close to exhaustion.<\/li>\n<li>Ethereum is trading near $1,900 support, with momentum indicators suggesting selling pressure is easing, though key resistance remains overhead.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<h2 class=\"wp-block-heading\">Ethereum has always rebounded after major drops, says Tom Lee<\/h2>\n<p>Lee <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/SAMALTCOIN_ETH\/status\/2021711461970808862\" target=\"_blank\" rel=\"nofollow\">pointed<\/a> out that Ethereum (ETH) has fallen more than 50% eight times since 2018, and in every case ETH recovered quickly after hitting a low. He suggested that the current decline is behaving similarly to prior drops and that the market may be close to a bottom.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$ETH<\/a> 100% V-Shape Record \ud83d\udc40<\/p>\n<p>Tom Lee highlights Ethereum&#8217;s eight V-shaped recoveries since 2018. <\/p>\n<p>Tom DeMark, whose models are followed by macro legends like Paul Tudor Jones and used across institutional desks, says a final undercut near $1,890 would \u201cperfect\u201d the bottom.<\/p>\n<p>That\u2026 <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/j9zWoUOLgP\">pic.twitter.com\/j9zWoUOLgP<\/a><\/p>\n<p>\u2014 SamAl\u03c4coin.eth (@SAMALTCOIN_ETH) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/SAMALTCOIN_ETH\/status\/2021711461970808862?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">February 11, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>The Bitmine exec referenced analysis from market timer Tom DeMarc, who believes a revisit to about $1,890, an \u201cundercut\u201d level, would signal a perfected bottom. <\/p>\n<p>\u201cIf you\u2019ve already seen the decline, you should be thinking about opportunities here instead of selling,\u201d Lee said, showing his confidence that ETH will rebound again.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Lee emphasized that nothing fundamental has changed about Ethereum\u2019s long-term trajectory despite the recent drop. He believes the current decline should also find a floor soon and transition into an uptrend.<\/p>\n<p>While Lee did not provide exact timing, his comments reflect a bullish long-term view rooted in historical price behavior and technical undercut levels, offering some optimism to investors navigating near-term volatility.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Ethereum price action <\/strong>hovers near $1,900 support<\/h2>\n<p>Ethereum\u2019s price has been trading near the $1,900\u2013$2,000 range recently amid broader crypto volatility. At press time, ETH was trading around $1,965, fluctuating in a tight range over the past 24 hours and reflecting cautious sentiment among traders.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Ethereum price performance | Source: Crypto. News<\/figcaption><\/figure>\n<p>The daily chart shows ETH well below its 50-day simple moving average, which is currently positioned near $2,800 and acting as firm overhead resistance. This gap highlights how extended the recent sell-off has been.<\/p>\n<p>The Relative Strength Index (RSI) has rebounded from deeply oversold territory. While RSI remains below the 50 mark, the recovery indicates selling momentum is slowing rather than accelerating.<\/p>\n<p>Price action over recent sessions points to short-term base formation around the $1,850\u2013$1,900 range. This zone has acted as support, with buyers stepping in to defend repeated dips. A decisive break below $1,850 would weaken the near-term structure and open the door toward the next support near $1,750.<\/p>\n<p>On the upside, initial resistance sits near $2,000, a psychological level that has capped recent rebound attempts. Beyond that, stronger resistance emerges around $2,100\u2013$2,150.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BitMine executive Tom Lee discussed Ethereum\u2019s price outlook at Consensus, saying past downturns have always ended in sharp, \u201cV-shaped\u201d recoveries. Summary BitMine executive Tom Lee says Ethereum is likely nearing&hellip;<\/p>\n","protected":false},"author":1,"featured_media":17775,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-21890","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/21890","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=21890"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/21890\/revisions"}],"predecessor-version":[{"id":21891,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/21890\/revisions\/21891"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/17775"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=21890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=21890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=21890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}