Tom Lee: Ethereum Supercycle Akin to Bitcoin’s 100x Rally
Crypto strategist Tom Lee forecasts an Ethereum supercycle mirroring Bitcoin’s historic 100x rally. Recalling his 2017 Bitcoin buy recommendation at $1,000, Lee notes that despite six 50%+ drawdowns and three 75%+ crashes, Bitcoin still achieved 100x gains. He argues that crypto prices reflect long-term potential and that short-term volatility—such as Ethereum’s recent 35% drop from all-time highs—is typical in major uptrends. Analytics contributor Burak Kesmeci highlights strong ETH accumulation near $3,150, with Ethereum trading around $3,130, roughly $200 above the average cost base for long-term holders. Lee advises traders to hold through potential drawdowns, reinforcing a bullish outlook and the importance of allocation planning during the Ethereum supercycle.
Bullish
Tom Lee’s projection of an Ethereum supercycle akin to Bitcoin’s 100x rally and the observed strong ETH accumulation near $3,150 suggest sustained buying interest. In the short term, volatility may persist, with possible retracements similar to the 35% pullback, but deep support levels and holder conviction could stabilize prices. Over the long term, the supercycle thesis motivates accumulation, potentially driving a bullish trend as confidence in Ethereum’s growth narrative strengthens. Traders may therefore adopt buy-and-hold strategies to capitalize on upside momentum while managing drawdown risk.