Ethereum starting on ‘same supercycle’ as Bitcoin: BitMine’s Tom Lee

Ether is starting connected the aforesaid way that saw Bitcoin’s terms multiply implicit 100 times since 2017, says Tom Lee, the enforcement seat of Ether treasury institution BitMine.

Lee said successful an X station connected Sunday that helium archetypal recommended Bitcoin (BTC) to clients of his probe firm, Fundstrat, successful 2017 erstwhile it was worthy around $1,000, and it had seen aggregate terms declines of up to 75% successful the years since.

However, Bitcoin has present “100x from our archetypal recommendation,” Lee said. “We judge ETH is embarking connected that aforesaid Supercycle.”

Ether (ETH) had lagged behind Bitcoin for months successful aboriginal 2025 arsenic Bitcoin broke caller terms highs. ETH reached an all-time precocious of $4,946 successful August, portion Bitcoin continued to climb to its peak of implicit $126,000 successful October.

Source: Tom Lee

As of Monday, Bitcoin has fallen 25% from its high, and Ether has dropped implicit 35% from its highest arsenic the marketplace has contracted. Lee said that specified volatility is due to doubt and is “discounting a monolithic future.”

“To person gained from that 100x Supercycle, 1 had to tummy existential moments to HODL,” helium added.

Ether nears terms of semipermanent holders’ buy-ins

CryptoQuant contributor Burak Kesmeci said successful a note connected Sunday that with Ether presently trading astir $3,150, it is lone astir a $200 driblet away from hitting the mean outgo ground of semipermanent accumulators, oregon ”those who person been ‘patiently stacking.’’

Ether’s terms (black line) is nearing the mean terms that semipermanent holders bought the token astatine (orange line). Source: CryptoQuant

Related: Ether’s accidental of turning bullish earlier 2025 ends depends connected 4 captious factors

He added that Ether has lone ever dipped beneath that level 1 time, successful April, erstwhile US President Donald Trump’s planetary tariffs took effect.

Kesmeci added that astir 17 cardinal ETH has flowed into accumulation addresses this year, and the full equilibrium held by semipermanent wallets has grown to 27 cardinal ETH, from 10 cardinal ETH astatine the commencement of the year.

He said if ETH drops beneath $2,900 to the outgo ground of these semipermanent holders, past “it is improbable to enactment determination for long” arsenic that terms has historically been “one of the strongest semipermanent accumulation opportunities.”

Ether had dropped to a 24-hour debased of $3,023, but has somewhat recovered to commercialized level implicit the past time astatine $3,185.

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