Tom Lee Sees ETH Bottom as BitMine and Saylor Buy the Dip
Fundstrat managing partner Tom Lee predicts an ETH bottom within hours as Bitcoin and Ethereum fall over 7% during a $200 billion liquidation event. Technical analyst Mark Newton highlights a favorable risk/reward near $4,300, with a potential rebound to $5,100–5,450 once Ether (ETH) stabilizes.
Institutional buyers have capitalized on the dip. BitMine Immersion Technologies added 4,871 ETH for roughly $21.3 million, raising its treasury to 1.72 million ETH (40% of corporate reserves). Michael Saylor’s Strategy also purchased 3,081 BTC at about $115,829 per coin, totaling $357 million.
These aggressive dip buys and the ETH bottom call signal growing institutional confidence. Traders may view this as a bullish indicator, anticipating short-term recovery in ETH prices and longer-term upward momentum in the crypto market.
Bullish
The news of an imminent ETH bottom and institutional dip buys is bullish for ETH. In the short term, the technical call by Tom Lee and Mark Newton may attract traders seeking to time the bottom, supporting a rebound toward $5,100–5,450. Concurrent purchases by BitMine and Michael Saylor’s Strategy signal deep-pocketed confidence, reducing sell pressure and potentially stabilizing prices. Over the longer term, increased corporate reserves and high-profile buying may underpin sustained upward momentum, as institutional interest often leads to greater market liquidity and investor confidence.