{"id":8837,"date":"2025-08-26T08:58:43","date_gmt":"2025-08-26T08:58:43","guid":{"rendered":"https:\/\/bitunikey.com\/news\/tom-lee-predicts-ethereum-will-bottom-hours-after-bitmine-snaps-up-4871-eth\/"},"modified":"2025-08-26T08:58:56","modified_gmt":"2025-08-26T08:58:56","slug":"tom-lee-predicts-ethereum-will-bottom-hours-after-bitmine-snaps-up-4871-eth","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/tom-lee-predicts-ethereum-will-bottom-hours-after-bitmine-snaps-up-4871-eth\/","title":{"rendered":"Tom Lee predicts Ethereum will bottom hours after BitMine snaps up 4,871 ETH"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Wall Street investor Tom Lee says that Ethereum is due to bottom near $4,300 within the next few hours before bouncing back to higher levels. This coincides with BitMine\u2019s recent 4,781 ETH buy.<\/p>\n<div id=\"cn-block-summary-block_2ee2a2f4f121eeb7b63ef405be05e5ca\" 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 Chair and Wall Street analyst Tom Lee predicts that Ethereum will bounce back after hitting $4,300.<\/li>\n<li>Lee\u2019s post coincides with BitMine\u2019s recent purchase of 4,781 ETH, bringing its total holdings to around 1.72 million ETH.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>In a recent <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/fundstrat\/status\/1960147287491154132\">post<\/a>, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/fundstrat.com\/\" target=\"_blank\">Fundstrat<\/a> managing partner and BitMine Immersion Chair Tom Lee shares insights from Managing Director Mark Newton who predicted that Ethereum (ETH) is set to \u201cbottom out sometime in next 12 hours\u201d somewhere near the $4,300 range. This bombshell prediction has sent traders into a frenzy.<\/p>\n<p>\u201cMark \u2066@MarkNewtonCMT again at it. Calling ETH bottom to happen in next few hours,\u201d wrote Lee in his X post.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Mark \u2066<a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/MarkNewtonCMT?ref_src=twsrc%5Etfw\" target=\"_blank\">@MarkNewtonCMT<\/a>\u2069 again at it.  <\/p>\n<p>\u27a1\ufe0fCalling ETH bottom to happen in next few hours <\/p>\n<p>\u2066<a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/fs_insight?ref_src=twsrc%5Etfw\" target=\"_blank\">@fs_insight<\/a>\u2069 \u2066<a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/FundstratCap?ref_src=twsrc%5Etfw\" target=\"_blank\">@FundstratCap<\/a>\u2069 <\/p>\n<p>Tickers: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24BMNR&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\">$BMNR<\/a> <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24GRNY&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\">$GRNY<\/a> <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/t.co\/038efU7cZH\">pic.twitter.com\/038efU7cZH<\/a><\/p>\n<p>\u2014 Thomas (Tom) Lee (not drummer) FSInsight.com (@fundstrat) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/fundstrat\/status\/1960147287491154132?ref_src=twsrc%5Etfw\" target=\"_blank\">August 26, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>\u201cIdeally, this [Ether] should bottom out sometime in the next 12 hours near $4,300 and start to push back up to new highs and get above $5,100 and up to near $5,400 to $5,450,\u201d Newton said in his analysis.<\/p>\n<p>The prediction comes only a few hours after BitMine scoops up 4,871 ETH on August 26. This purchase, which was valued at $21.3 million, has been interpreted as a bullish signal amid a broader crypto market downturn.<\/p>\n<p>The recent Ether purchase elevates BitMine\u2019s total holdings to around 1.72 million ETH. The firm\u2019s ETH trove is valued at approximately $7.5 billion at current prices. According to <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coingecko.com\/en\/treasuries\/ethereum#:~:text=Ethereum%20Treasury%20Holdings&amp;text=CoinGecko%20tracks%2011%20institutions%20with,2.47%25%20of%20Ethereum's%20total%20supply.\" target=\"_blank\">data<\/a> from CoinGecko, BitMine remains the largest corporate holder of ETH. The firm now holds 1.42% of the total ETH supply in circulation.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Ethereum nears $4,300, is a rebound possible?<\/h2>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Price chart with RSI for Ethereum in the past few hours | Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/chart\/klwkjTNu\/?symbol=BITSTAMP%3AETHUSD\" target=\"_blank\">TradingView<\/a><\/figcaption><\/figure>\n<p>At press time, Ethereum is currently trading at around the $4,413 mark after a sharp decline from the $4,800 zone. The recent move shows a clear downtrend, confirmed by the downward-sloping price action. Fundstrat\u2019s Mark Newton predicts the price will go lower near the $4,300 range.<\/p>\n<p>If ETH does manage to drop towards $4,300, a rebound attempt could be possible. ETH could bounce higher or extend its decline. Looking at the Relative Strength Index, which is sitting near 39, it is close to the oversold region but not quite there yet. This suggests that bearish momentum is still in play, though sellers may soon face exhaustion if the RSI dips further.<\/p>\n<p>However, if the RSI manages to pull through to the oversold conditions, it could lead to a rally following Ether\u2019s dip into $4,300.<\/p>\n<p>Currently, ETH is trading around $4,413, which is very close to the 61.8% retracement support at $4,407. This level often acts as a critical pivot for potential reversals. If ETH can hold this zone, a rebound toward $4,491\u2013$4,550 or higher may be possible in the short term. <\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<div class=\"cn-block-disclaimer\">\n<div class=\"cn-block-disclaimer__icon\">\n            <svg class=\"icon icon-info\" aria-hidden=\"true\"><use xlink:href=\"#icon-info\"><\/use> <\/svg>        <\/div>\n<p class=\"cn-block-disclaimer__content\">\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        <\/p>\n<\/p><\/div>\n<p><!-- .cn-block-disclaimer --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wall Street investor Tom Lee says that Ethereum is due to bottom near $4,300 within the next few hours before bouncing back to higher levels. This coincides with BitMine\u2019s recent&hellip;<\/p>\n","protected":false},"author":1,"featured_media":8838,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8837","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\/8837","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=8837"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8837\/revisions"}],"predecessor-version":[{"id":8839,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8837\/revisions\/8839"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/8838"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=8837"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=8837"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=8837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}