🚀 Tom Lee: ETH may bottom out at $4300 and start a new round of rebound
BitMine Chairman Tom Lee shared the latest insights from his fund analyst Mark Newton:
"Ethereum currently has a good risk-reward ratio, and it is expected to form a temporary bottom around $4300 in the next few hours, followed by a rebound to $5100, or even up to the $5400-5450 range."
🔎 Interpretation:
Outstanding risk-reward ratio: ETH has pulled back from its historical highs, releasing some short-term pressure, which actually provides a more attractive entry point for new funds.
Clear technical support: The $4300 area corresponds to the price level where bulls and bears previously battled fiercely; if it stabilizes successfully, it will become a springboard for a new round of increases.
Optimistic upward targets: $5100-5450 is not only a psychological barrier but could also be a potential new high zone driven by market funds.
Overall, ETH's trend may follow a rhythm of "first finding a bottom, then rising." For investors focusing on the medium-term trend, this is a key turning point worth noting.
📊 The market needs to closely observe next:
Whether the correlation between US stocks and US Treasury yields suppresses crypto liquidity
Signs of mainstream institutional funds entering the $4300 range
The effect of BTC's trend on ETH
