Ether is beginning on the identical path that noticed Bitcoin’s value multiply over 100 occasions since 2017, says Tom Lee, the manager chair of Ether treasury firm BitMine.
Lee said in an X submit on Sunday that he first advisable Bitcoin (BTC) to purchasers of his analysis agency, Fundstrat, in 2017 when it was value around $1,000, and it had seen a number of value declines of as much as 75% within the years since.
Nevertheless, Bitcoin has now “100x from our first suggestion,” Lee stated. “We imagine ETH is embarking on that very same Supercycle.”
Ether (ETH) had lagged behind Bitcoin for months in early 2025 as Bitcoin broke new value highs. ETH reached an all-time excessive of $4,946 in August, whereas Bitcoin continued to climb to its peak of over $126,000 in October.
As of Monday, Bitcoin has fallen 25% from its excessive, and Ether has dropped over 35% from its peak as the market has contracted. Lee stated that such volatility is due to doubt and is “discounting an enormous future.”
“To have gained from that 100x Supercycle, one needed to abdomen existential moments to HODL,” he added.
Ether nears value of long-term holders’ buy-ins
CryptoQuant contributor Burak Kesmeci stated in a note on Sunday that with Ether at the moment buying and selling round $3,150, it’s only round a $200 drop away from hitting the common value foundation of long-term accumulators, or ”those that have been ‘patiently stacking.’’
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He added that Ether has solely ever dipped under that degree one time, in April, when US President Donald Trump’s international tariffs took impact.
Kesmeci added that round 17 million ETH has flowed into accumulation addresses this 12 months, and the entire stability held by long-term wallets has grown to 27 million ETH, from 10 million ETH firstly of the 12 months.
He stated if ETH drops under $2,900 to the fee foundation of those long-term holders, then “it’s unlikely to remain there for lengthy” as that value has traditionally been “one of many strongest long-term accumulation alternatives.”
Ether had dropped to a 24-hour low of $3,023, however has barely recovered to commerce flat over the previous day at $3,185.
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