Ethereum bottom line is $4,200! Analysts from Tom Lee: ETH will hit bottom in the past two days and then hit $5,500
A fund analyst under BitMine Chairman Tom Lee said that Ethereum may bottom out in the past two days, with a minimum of $4,200, and will then start a counterattack and rise to $5,500.
(Preliminary information: Cryptocurrency attracted 5.95 billion magnesium in a single week, a new high! Bitcoin and Ethereum took 80%, followed closely by SOL and XRP)
(Background supplement: Tom Lee’s analyst: Ethereum defends US$4,000 and stabilizes long-term upside of US$5,500)
Tom Lee, chairman of BitMine, the world’s largest Ethereum reserve company, today (10) morning through X The platform issued an article stating that Mark Newton, an analyst from its fund, has expressed his latest views on Ethereum. The analyst predicts that Ethereum’s recent correction is coming to an end, and is expected to bottom out as soon as 1-2 days and will rise to $5,500:
Cryptocurrency expert @MarkNewtonCMT spoke out again:
“I am not impressed by the recent weak performance of cryptocurrencies and expect that $ETHUSD may rise in the future. Bottomed in 1-2 days, then recovered and moved up to $5500.
After ETHUSD experienced a strong technical rally from 9/25 to 10/7, there was a slight three-wave pullback, which was expected to end on 10/11 and turn upward.
ETHUSD has retraced 50% of this move since 9/25, but is expected to hit $4200-$4220, which would provide an ideal support area before ETH turns higher"
Crypto savant @MarkNewtonCMT at it again:
"I do not make much of Crypto weakness in recent days, and expect $ETHUSD likely bottoms. out over the next 1-2 days before heading back higher and rallies to $5500.
– Following a recent strong technical rally from 9/25 into 10/7 in… pic.twitter.com/LCQDtGpDXs
— Thomas (Tom) Lee (not drummer) FSInsight.com (@fundstrat) October 9, 2025
BitMine continues to buy Ethereum
After increasing its holdings of 179,000 Ethereum last week, BitMine continued to buy ETH this week.
First, on October 8, according to Lookonchain monitoring, it was considered to possibly belong to BitMine wallet bought about 20,000 Ethereum through FalconX, worth about $90 million.
Then this morning (10), Lookonchain once again pointed out that BitMine withdrew nearly 24,000 Ethereum from BitGo, worth about $103 million.
