Tom Lee: ETH to Bottom at $4300, then Rebound to $5100-$5450
BitMine chairman Tom Lee has shared fund analyst Mark Newton’s bullish outlook on Ethereum (ETH). Newton expects ETH to find a near-term bottom around $4300 within the next few hours, citing an attractive risk-reward ratio. Following this low, he projects a rebound to new highs in the range of $5100 to $5400–$5450. Traders may view this forecast as a signal to consider dip-buying opportunities, although the analysis is provided for informational purposes and should not be taken as direct investment advice.
Bullish
The projection that ETH will bottom at $4300 and then rebound to $5100–$5450 suggests a bullish outlook. Such forecasts often prompt traders to buy during dips, driving demand and upward momentum. Historically, similar analyst calls—like past predictions of ETH support levels—have led to short-term rallies when market participants follow the dip-buying strategy. In the near term, this view could boost market confidence and trigger a rebound. Over the long term, if the targets are met, it reinforces positive sentiment around Ethereum’s price trajectory.