Key Takeaways
Tom Lee’s latest Ethereum prediction has the market buzzing again.
After one of ETH’s sharpest pullbacks of the year, Lee argues the drop wasn’t a sign of weakness at all, but a deliberate shakeout before a major rally.
He believes Ethereum could find its bottom near $2,500 and then rip toward $9,000 as early as January 2026.
The timing of his call has only amplified excitement.
Just days earlier, Vitalik Buterin outlined a new roadmap of upgrades planned for next year, giving traders fresh optimism that Ethereum’s fundamentals are strengthening right as prices rebound.
Lee argues that Ethereum’s crash from $4,800 to $2,800 does not change its long-term value.
He said that BitMine engaged Tom DeMark as a strategic advisor, and he shares the same view that an engineered liquidation triggered the sell-off.
He describes the recent crash as a forced washout, not a structural breakdown in Ethereum’s fundamentals.
According to Lee, the real upside begins once this final flush finishes. “A better situation would be if crypto prices bleed lower,” Lee said.
BitMine has provided an update on its holdings, revealing ownership of more than 3.6 million ETH for $2,840.
Even though the crypto market is bleeding, Lee gave his ultimate bullish prediction for the rest of the year.
“In the near-term, there is downside to $2,500, but that is minor compared to the upside. We think that ETH can be $7,000 to $9,000 by the end of January,” Lee predicted.
While Tom Lee’s Ethereum prediction is bullish, this is where the charts disagree.
Ethereum broke down from its 220-day diagonal support (red icon) on Nov. 13.
However, bulls are fighting back. Today, Ethereum’s price is breaking out from a short-term descending wedge.

Nevertheless, even if this breakout leads to a surge, ETH will face resistance at the diagonal support.
The resistance has rejected ETH multiple times, and losing here again could erase the entire bounce.
Hence, the upside is limited to $3,500, which serves as both a horizontal and Fibonacci resistance.
Another massive piece of news hit yesterday, as Vitalik Buterin finally spoke about plans for next year.
Vitalik stated that “Ethereum will move from ‘broad scaling’ to targeted optimization next year.”
This will increase the gas limit fivefold, resulting in a higher gas cost for heavy on-chain operations.
The plan aims to increase throughput for real users and reduce waste from inefficient operations.
Users are also excited about the Dec. 3 Fusaka upgrade, which will enable Ethereum transactions to be processed using face recognition.
This could have massive implications, such as:
Tom Lee’s bullish outlook has injected optimism into a bleeding crypto market.
He predicts a bottom $2,500 and a January target of $7,000–$9,000, making a clear case for upside.
But charts still flash warnings, and rebound must reclaim its first obstacle at the $3,500 level.
ETH now sits at a crossroads, and the next few days will decide whether the Tom Lee Ethereum prediction becomes reality, or whether the charts win again