**Ethereum May Have Hit Its Bottom, Says BitMine Chairman**

Ethereum (ETH) could already be past its lowest point this cycle, according to Tom Lee, Chairman of BitMine Immersion Technologies (NYSE: BMNR). In a recent podcast, Lee shared that Ethereum’s dip toward $3,000 hasn’t shaken his bullish view. In fact, he sees these price levels as a chance for big investors to stock up.

**BitMine Boosts Ethereum Holdings**

Lee revealed that BitMine has doubled its ETH purchases over the last two weeks. The company is planning to stake over 3.7 million ETH gradually as part of its strategy to earn passive income from the network. He pointed out that Ethereum’s bear market bottoms often happen in November, and this cycle seems to be following the same pattern.

He described the recent price dip not as a warning sign but as a buying opportunity.

**Why Ethereum Could Be Worth Trillions**

Lee believes Ethereum is one of the most promising assets for the next ten years. He explained that ETH has historically traded at about 0.08 of Bitcoin’s value. If Bitcoin hits $200,000, this would imply Ethereum could reach around $16,000.

More importantly, he sees Ethereum becoming the backbone of future technologies like decentralized finance (DeFi), AI infrastructure, and digital asset tokenization. According to him, this could eventually justify a multi-trillion-dollar valuation for the network. Right now, he thinks ETH is undervalued and offers long-term upside at a discount.

**BitMine’s Strategy Mirrors MicroStrategy’s Bitcoin Playbook**

Lee compared BitMine’s approach to MicroStrategy’s (NASDAQ: MSTR) Bitcoin investment strategy. Just like MicroStrategy became known for holding large amounts of BTC, BitMine aims to be a major ETH holder. Lee noted that although there are over 80 publicly traded digital asset treasury (DAT) companies, BitMine and MicroStrategy together account for more than 90% of trading volume in this space.

He also highlighted that BitMine holds a significant cash reserve alongside its ETH, helping the company manage risks during market downturns and keep investor confidence high during volatile periods.

**Challenging the Bitcoin 4-Year Cycle Theory**

Lee also questioned the idea that Bitcoin always moves in four-year cycles based on its halving events. He pointed out that similar long-term patterns have already broken in traditional markets like gold and copper.

He argued that if Bitcoin surpasses $126,000 by January, it would break the cycle theory completely. This could lead to a fresh surge in Ethereum and other Layer 1 cryptocurrencies as investor sentiment shifts.

**Big Things Could Happen in 2026**

Looking ahead, Lee expects 2026 to be a breakout year for digital assets. He said growing interest in tokenization, enterprise blockchain adoption, and prediction markets will drive more money into crypto.

He believes prediction markets will become essential tools for financial insights and could blend with tokenized assets, giving everyday investors access to strategies usually reserved for hedge funds.

**Ethereum Price Update and What Comes Next**

Ethereum recently broke out of a downtrend it had been stuck in since early November. It’s now testing a key resistance area between $3,330 and $3,350. This zone has previously acted as a barrier, so closing above it would signal a strong breakout. That move could send ETH toward $4,130 — the next big target based on Fibonacci levels.

Right now, bulls are in control as long as ETH stays above $3,208 — a support area backed by both the 20-day and 50-day exponential moving averages (EMAs). The MACD momentum indicator has turned positive, showing strong short-term momentum.

If Ethereum drops below $3,208, the next support lies near $3,084 and then around $2,973. Falling below these levels could put ETH back into a sideways trend near $2,830.

For now, Ethereum appears to be in recovery mode. Buyers have reclaimed control of the trend, momentum indicators are bullish, and key price levels are holding. If ETH can break above $3,350 convincingly, the next target is around $3,600 — with a potential push toward $4,130 if momentum continues to build.

**Key Takeaways:**

– BitMine Chairman says Ethereum bottomed in November.
– BitMine doubling ETH buys; plans to stake 3.7 million ETH.
– Lee sees ETH reaching $16K if Bitcoin hits $200K.
– Ethereum’s future tied to DeFi, AI, and tokenization.
– 2026 expected to be a breakout year for crypto.
– ETH currently testing major resistance at $3,350.
– A confirmed breakout could open path toward $4,130.