Tom Lee, the Michael Saylor of Ethereum (ETH), is not deterred by the storm that is now sweeping through the crypto country. He expects that the largest altcoin is at the beginning of the same hypercycle that made Bitcoin (BTC) become a hundred times more valuable. And he also reminds people that volatility is part of it.
Biting through the sour apple
On social media platform Despite multiple crashes of more than 75 percent, he stuck to his vision.
“Bitcoin has now gone 100x since our first recommendation,” he writes. “We believe ETH is now entering the same super cycle.”
Tom Lee is a very well-known face in the crypto world. He made his name as co-founder of Fundstrat Global Advisors, a research firm known for its sharp market analyzes and often anticipatory insights. Nowadays he also plays a managerial role at Bitcoin miner BitMine, which is by far the largest listed Ethereum holder.
The Ethereum price has fallen 37 percent in the past six weeks. While the coin was previously close to its record (which was reached at the end of August), it is now miles away.
Many investors wonder whether it will reach a new record and are afraid of a much bigger drop. But Lee sees strength in that. According to him, the market is simply ‘pricing in a huge future’.
Volatility is part of it, he emphasizes, just like in the early Bitcoin years:
“To experience that 100x super cycle, you had to HODL through existential moments.”
In October, Lee predicted that Ethereum will become bigger than Bitcoin because, according to him, Ethereum forms the foundation of the future financial system in which everything will be tokenized.
ETH price at its lowest level since July
Other analysts see the same pattern. According to CryptoQuant analyst Burak Kesmeci, ETH is still only about $200 above the average purchase price of long-term holders, “the investors who have patiently built up.”
He points out that Ethereum dipped below this zone only once, in April, when President Donald Trump’s global tariffs took effect. Historically, this area has been one of the strongest supports for long-term accumulation.
This year, more than 17 million ETH flowed to accumulation addresses. This increased the total in such wallets from 10 to 27 million ETH – a powerful indication of trust. According to Kesmeci, a drop below $2,900 would likely “not last long,” as that zone is traditionally considered one of the best opportunities for accumulation.
Last night, Ethereum reached its lowest price since mid-June of around $3,000. It is now a bit higher again at almost $ 3,200.
Source: https://newsbit.nl/tom-lee-ethereum-begint-aan-supercylus-met-100x-prijsstijging/
