The largest altcoin, Ethereum (ETH), surpassed its 2021 ATH in late August, reaching above $4,900 and setting a new record. However, following subsequent declines, ETH has been exhibiting quite volatile activity in recent days, falling below $4,000. After reaching above $4,700 just a few days ago, this surge was short-lived, and it fell back to the $4,300 0 investors are closely watching which direction ETH will move, major bull Tom Lee's fund analyst Mark Newton said that the recent pullback in the cryptocurrency market is nothing to worry 1 Global Advisors managing director Mark Newton added that he expects Ethereum to bottom in the next 1-2 days and then rise again to $5,500.
This analysis of Newton was shared by Tom Lee from the X account. “I don't really care about the recent weakness of Ethereum and other cryptocurrencies and expect ETH to bottom out in the next 1-2 days and then start to rise again. I expect ETH to rally again after the bottom and reach $5,500.” The analyst stated that following the strong technical rise in ETH from September 25 to October 7, there was a small three-wave pullback, and he expected this pullback wave to probably end on October 11 and start rising 2 recently noted that Ethereum is correcting after its September rally and could drop to $4,200, which would provide the most suitable support area for the rally, before starting to rise again.
“ETH/USD has corrected 50% of the rally since September 25 but is likely to bottom at $4,200-$4,220. This level will provide optimal support before ETH reverses upwards again.” Ethereum continues to trade at $4,330 at the time of 3 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… 4 — Thomas (Tom) Lee (not drummer) 5 (@fundstrat) October 9, 2025 *This is not investment 6 Reading: Big Bull Tom Lee's Analyst Makes Bullish Prediction for Ethereum: "Bottom Will Come in 1-2 Days, Then There Will Be a Big Rally!"
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