Tom Lee Sees Ethereum Bottom, Forecasts Rally to $5,400
Ethereum has likely bottomed, says Wall Street veteran Tom Lee, who forecasts a rally to $5,400. Over the weekend, the crypto market slid until ETH stabilized around $4,500, while BTC struggled below $110,000. Spot ETF inflows reversed a six-day outflow trend for Bitcoin and marks a third consecutive day of net inflows for Ethereum. Lee’s firm, BitMine, has been accumulating ETH reserves weekly, backing his bullish stance. He correctly predicted last week’s midweek pullback and Friday rebound, and claimed ETH would find a floor within hours, a call that aligned with yesterday’s price action. Traders should monitor upcoming US unemployment and preliminary GDP data, as well as potential fallout from President Trump’s dismissal of Fed board member Lisa Cook. Market volatility could rise if Fed independence is perceived as threatened, possibly weighing on both equities and crypto. While short-term risks persist, Ethereum’s technical bottom and renewed spot ETF inflows suggest a bullish outlook for ETH trades.
Bullish
Tom Lee’s consistent bottom calls, combined with BitMine’s weekly ETH accumulation and three consecutive days of spot ETF inflows, strengthen the bullish thesis. Historically, ETF inflows have preceded price rallies, as seen during Ethereum’s 2022-2023 recovery. While US macro data and Fed independence concerns could introduce short-term volatility, the technical bottom around $4,500 and renewed capital inflows create favorable conditions for a price rebound toward $5,400. Traders may seize this setup for bullish positions but should remain alert to US unemployment and GDP releases as potential catalysts for interim pullbacks.