Ethereum Price Outlook: Tom Lee Says ETH Has Likely Found a Cycle Bottom as Fundamentals Strengthen

During a Monday CNBC interview, billionaire investor Tom Lee argued that Ethereum is at or close to a cycle bottom after a sharp deleveraging in the crypto market. He pointed to record weekly active addresses and an ascending triangle pattern with oversold RSI as signs that price action is lagging strong fundamentals. Lee's ETH-focused firm BitMine reportedly added 20,000 ETH despite unrealized losses of $7 billion, while some projections from the current structure outline potential long-term targets ranging from $5,000 to $30,000.