Tom Lee Calls ETH Bottom ‘In Next Few Hours’ as BitMine Doubles Down with $21M Buy

Fundstrat’s Tom Lee made his boldest Ethereum prediction yet, calling for Ether’s bottom to arrive within hours as BitMine Immersion Technologies purchased another $21.28 million worth of ETH, adding 4,871 tokens to bring holdings to 1.72 million ETH valued at $7.65 billion. Lee’s prediction emerged through Mark Newton’s technical analysis, suggesting a constructive correction before a rally toward new highs near $5,100. Mark ⁦ @MarkNewtonCMT ⁩ again at ￰0￱ ETH bottom to happen in next few hours ⁦ @fs_insight ⁩ ⁦ @FundstratCap ⁩ Tickers: $BMNR $GRNY ￰1￱ — Thomas (Tom) Lee (not drummer) ￰2￱ (@fundstrat) August 26, 2025 The forecast follows Lee’s previous accurate call on August 19, when he correctly predicted Ethereum’s temporary decline to the $4,075-$4,150 range before ￰3￱ that time, BitMine has secured its position as the world’s largest Ethereum corporate treasury after aggressive accumulation since late June.) August 26, 2025 The asset management giant’s strategic shift coincides with Ethereum ETFs amassing 6.5 million ETH through sustained daily inflows approaching 80,000 ￰4￱ whale activity supports the rotation narrative, with one major holder purchasing $128.32 million worth of Ethereum while reducing Bitcoin ￰5￱ trend extends to political figures, with Trump reportedly adding $8.6 million in ETH alongside $10 million in ￰6￱ competition intensified as BitMine filed for an additional $20 billion at-the-market equity offering expansion, boosting total stock sale capacity to $24.5 ￰7￱ proceeds target further ETH acquisitions as the company pursues acquiring 5% of Ethereum’s total supply, approximately six million tokens worth $22 ￰8￱ demand accelerated throughout August, driving a 25% monthly rally that outpaced Bitcoin’s 5.3% ￰9￱ CME data shows Ethereum futures open interest rising alongside price gains, while Bitcoin’s recent highs lack similar institutional participation signals.) (@eth_everstake) August 25, 2025 Global search interest also reached its highest levels since 2021, while social media sentiment remained bearish despite price ￰10￱ Analysis Points to Imminent Recovery Toward $6,290 Target Chart analysis reveals Ethereum testing crucial ascending trendline support around $4,300, with successful defense validating continued uptrend ￰11￱ Ichimoku cloud configuration shows ETH trading above bullish cloud formations, while RSI at 54.04 indicates neutral positioning supporting potential bottom formation.