Tom Lee: ETH may be bottoming around $2400, with a long-term outlook pointing to $12,000

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ethereum news Market Analysis

Source: Odaily星球日报

2026-02-01 13:14:55

ETH-0,32%

BTC-0,5%

Odaily Planet Daily News: Tom Lee stated during a podcast this Friday that he remains generally optimistic about cryptocurrencies. He believes that despite short-term declines (such as precious metals absorbing speculative funds), the long-term bull market is still in its early stages (a ten-year bull market starting from 2022). Currently, the crypto market is in a bear phase with severe short-term pressure. ETH may touch $2,400 as a bottom (today’s Ethereum briefly dipped to a low of $2,200, now around $2,400), then rebound. If the ETH/BTC ratio returns to its historical high, ETH could reach approximately $12,000.

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