Emre Yumlu 
Renowned investment strategist and BitMine president Tom Lee has once again shared bullish insights on Ethereum (ETH). After previously forecasting that ETH could reach $10,000, Lee now believes that the current market conditions offer a strong buying opportunity for investors.
Ethereum Poised for a “Supercycle”
In his latest remarks, Lee stated that Ethereum is on the verge of entering a major “supercycle” — a long-term and powerful upward trend that could reshape market dynamics.
According to Lee, Ethereum’s fundamentals remain robust, and the recent volatility seen across the crypto market should not distract investors from the bigger picture. He described ETH’s current price levels as a “strategic entry point” before the next major rally begins.
BitMine Accelerates ETH Accumulation During Market Dip
Lee highlighted that the crypto market experienced a significant deleveraging event earlier this month, leading to short-term panic among traders. However, he viewed this downturn as an ideal buying window.
Data from Arkham Intelligence revealed that BitMine increased its Ethereum holdings by purchasing approximately $250 million worth of ETH from Bitgo and Kraken earlier this week.
Explaining this move, Lee said:
“Ethereum’s open positions are currently similar to levels seen on June 30, when ETH was trading around $2,500. Given the upcoming supercycle potential, the current setup presents an attractive risk-reward profile.”
Short-Term Target: $5,000, Long-Term Outlook: $10,000
Lee believes Ethereum could reach $5,000 in the short term if it successfully breaks above the 0.087 BTC resistance level. He emphasized that such a move could strengthen market sentiment and spark a renewed wave of institutional demand.
Moreover, Lee reaffirmed his long-term target of $10,000 for ETH, echoing recent statements made alongside BitMEX co-founder Arthur Hayes. Both analysts expect Ethereum to outperform most digital assets during the next market uptrend.
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