Tom Lee Sees Ground for Ethereum – BitMine invests 21 million dollars in ETH
Tom Lee of Fundstrat Global Advisors predicts that Ethereum (ETH) is trading near a low point, while his company BitMine will again buy Ether 21 million. “I say the ground for Ethereum is only a few hours away from us,” says an optimistic Tom Lee on X.
Mark @MarkNewtonCMT again at it.
➡️Calling ETH bottom to happen in next few hours
Tickers: $BMNR $GRNY pic.twitter.com/038efU7cZH
— Thomas (Tom) Lee (not drummer) FSInsight.com (@fundstrat) August 26, 2025
Bottom for Ethereum at $4,300
For the time being, Lee seems to be right, because the Ethereum course has already recovered a little from the dip.
Ideally, the market should reach land at about 4,300 dollars over the next 12 hours. After that, an increase to new highs should begin, and the price should climb over 5,100 dollars.
After that, you would want to see steps towards 5,400 to 5,450 dollars,” says a pretty optimistic Mark Newton of Fundstrat Global Advisors.
i would not fade this if i were you
when a man tells you when he’s gonna shove $1B+ into a low liquidity coin you get out of the way https://t.co/seeLSxk6s8
— Udi Wertheimer (@udiWertheimer) August 26, 2025
Ethereum down 11% from all-time high
From an all-time high of more than 5,000 dollars, the Ethereum rate has already fallen by 11 percent. In this respect, Ethereum is now really following the price behavior of Bitcoin (BTC), which seems to be in quite trouble.
For the time being, Ethereum has made a floor at 4,313 dollars, and the price is now recovering cautiously.
Meanwhile, the BitMine Immersion by Tom Lee continues to buy aggressively. Also on Tuesday, they bought the exchange rate dip for 21.3 million dollars. They were able to purchase 4,871 Ethereum.
The company now owns a total of 1.72 million Ethereum. These tokens have a value of 7.5 billion dollars at current rates.
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