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Ethereum price today trades near $3,136 following news that Bitmine is staking nearly $4 billion worth of ETH, representing one-third of its $13 billion total holdings. Chair Tom Lee declared the “mini crypto winter” over and projects annualized staking revenue at $374 million, while ETH tests triangle resistance on the hourly chart amid improving technical momentum.

Tom Lee, the Wall Street strategist turned crypto bull, issued a definitive “all-clear” signal for digital assets this week, asserting that the bruising market correction has found its floor.

Ethereum could face more downside before a rebound early next year, Bitmine’s chairman, Tom Lee, said in a recent with Chris Perkins of Wealthion.

A prolonged liquidity squeeze within crypto trading networks may be the primary force behind the declines in Bitcoin and Ethereum, according to remarks from Fundstrat’s Tom Lee. His comments follow weeks of downward pressure on major digital assets and renewed questions about the stability of automated liquidation systems that support crypto markets.

Tom Lee of Fundstrat Global Advisors continues to back a strong year-end rally for Bitcoin, predicting it could still reach $150,000 to $200,000 by the end of 2025.

BitMine Chairman Tom Lee has shared his investment thesis for potential Federal Reserve rate cuts. He has identified Bitcoin and Ethereum among the primary beneficiaries of looser monetary policy. Speaking to CNBC, Lee positioned cryptocurrencies alongside Nasdaq 100 stocks as the most promising opportunities if the central bank proceeds with anticipated rate reductions.