Major Ethereum (ETH) Bull Tom Lee Explains: "This Is a Buy Signal!"

New statements regarding ETH came from BitMine president Tom Lee, who recently predicted that the price of Ethereum (ETH) could reach $10,000. Tom Lee stated yesterday that Ethereum will enter a major “supercycle” period in the near ￰0￱ famous name also added that ETH's current price level offers an attractive investment ￰1￱ Accelerated Ethereum (ETH) Purchases! Tom Lee first stated that there was a significant deleveraging event in the cryptocurrency market this ￰2￱ that this crash presented a buying opportunity, Lee said that his company, BitMine, accelerated its Ethereum purchases after the ￰3￱ purchased another $250 million worth of ETH from cryptocurrency exchanges Bitgo and Kraken on Monday, according to data from blockchain analytics platform Arkham ￰4￱ this point, Lee stated that the current price level offers an attractive buying opportunity, saying: Open interest for Ethereum is currently hovering around the levels seen on June 30th of this ￰5￱ that time, ETH was at $2,500.

Given the expected Supercycle for Ethereum, the current price differential presents an attractive risk/reward ￰6￱ Lee also stated that if ETH/BTC breaks through the 0.087 resistance, he predicts ETH will reach $5,000 in the short ￰7￱ you may recall, Tom Lee, along with BitMEX co-founder Arthur Hayes, one of the important names in the market, recently stated that Ethereum will reach $10,000 within the ￰8￱ News: Two Giants of the Market, Tom Lee and Arthur Hayes, Announced Their Big Bull Predictions for Ethereum (ETH)! *This is not investment ￰9￱ Reading: Major Ethereum (ETH) Bull Tom Lee Explains: "This Is a Buy Signal!"