{"id":22234,"date":"2026-02-17T22:38:26","date_gmt":"2026-02-17T22:38:26","guid":{"rendered":"https:\/\/bitunikey.com\/news\/bitmine-stock-rebound-tom-lee-predicts-ethereum-v-shaped-recovery\/"},"modified":"2026-02-17T22:38:41","modified_gmt":"2026-02-17T22:38:41","slug":"bitmine-stock-rebound-tom-lee-predicts-ethereum-v-shaped-recovery","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/bitmine-stock-rebound-tom-lee-predicts-ethereum-v-shaped-recovery\/","title":{"rendered":"BitMine stock rebound? Tom Lee predicts Ethereum V-shaped recovery"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">BitMine stock price could be on the verge of a strong bullish breakout in the coming weeks or months if Tom Lee\u2019s Ethereum prediction works out.<\/p>\n<div id=\"cn-block-summary-block_283e78003f1a341604f30e293e311f27\" 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 stock price formed a falling wedge pattern on the daily chart.<\/li>\n<li>Tom Lee predicts that the Ethereum price will have a V-shaped recovery.<\/li>\n<li>Ethereum has some of the best fundamentals in the crypto industry.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>BMNR stock was trading at the crucial support level at $20, inside a range it has been stuck at in the past few days. It remains well below the all-time high of $160.<\/p>\n<p>Tom Lee, the company\u2019s Chairman, believes that the stock will rebound once the ongoing Ethereum (ETH) price bearish market ends. In a statement, Lee argued that Ethereum has had eight major drawdowns since 2018. All these drawdowns ended with a V-shaped recovery, and this one will do the same.<\/p>\n<p>At the same time, Lee noted that ETH has some potential demand drivers, including its status as the largest smart contract blockchain, with top companies such as JPMorgan leveraging its technology.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>More data show that Ethereum\u2019s demand remains strong as exchange supply continues to fall. It has dropped to the lowest level in years, while the staking queue<strong> <\/strong>has reached a record high. Ethereum is also the biggest network for stablecoin processing, handling trillions in transactions a quarter.<\/p>\n<p>These factors explain why BitMine has continued to accumulate Ethereum this year. The company now holds over 4.3 million tokens worth over $8.4 billion. It has bought over 157k coins in the last 30 days and is generating yield by staking the coins. It is also generating yield by investing its cash balances.<\/p>\n<p>The company is also aiming to invest in more startups, a move that may generate substantial returns in the future. For example, it invested $200 million in Beast Industries, a company owned by Mr. Beast.<\/p>\n<h2 class=\"wp-block-heading\">BitMine stock price technical analysis<\/h2>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\"><em>BMNR stock chart | Source: crypto.news\u00a0<\/em><\/figcaption><\/figure>\n<p>The daily timeframe chart shows that the BMNR stock price has formed a giant falling wedge pattern. This pattern consists of two descending, converging trendlines, with a bullish breakout occurring when the two lines near their convergence.<\/p>\n<p>The Relative Strength Index has moved from the oversold level of 25 to 37 and is pointing upward.<\/p>\n<p>Therefore, the most likely scenario is that the BitMine stock price rebounds to the key resistance level at $34, its highest level in January, about 72% above the current level.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>BitMine stock price could be on the verge of a strong bullish breakout in the coming weeks or months if Tom Lee\u2019s Ethereum prediction works out. Summary BitMine stock price&hellip;<\/p>\n","protected":false},"author":1,"featured_media":9231,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-22234","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\/22234","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=22234"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/22234\/revisions"}],"predecessor-version":[{"id":22235,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/22234\/revisions\/22235"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/9231"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=22234"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=22234"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=22234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}