Ethereum Breaks Record High Amidst Market Dip; Tom Lee Predicts Bottom

Fundstrat Global Advisors managing partner Tom Lee predicts that Ethereum (ETH) will bottom out in the coming hours, aligning with a recent market dip. Following his prediction, Bitmine, a firm managed by Lee, bought an additional $21 million worth of ETH. This purchase comes amidst a substantial crypto market crash triggered by a decline in Bitcoin (BTC). While Ether has already shown signs of recovery, reaching above the $4,430 mark again, Lee’s prediction suggests it may quickly bottom out near $4,300 and then surge towards $5,100 to $5,450.