Table of Contents
Ethereum falls 11% from its all-time high
BitMine ETH holds $7.5 billion
ETH treasury continues to grow
Home web3.0 Tom Lee predicts Ethereum (ETH) will bottom out in the next few hours, and BitMine buys 4871 on dips

Tom Lee predicts Ethereum (ETH) will bottom out in the next few hours, and BitMine buys 4871 on dips

Aug 29, 2025 pm 03:51 PM
Bitcoin cryptocurrency Ethereum btc coinbase

Tom Lee predicts that Ethereum (ETH) will be

Fundstrat's Tom Lee predicted Ethereum bottoming, while BitMine bought another $21 million during the plunge, with a total holding of 1.72 million ETH.

Fundstrat Global Advisors managing partner Tom Lee predicted Ethereum to reach a phased bottom on Tuesday amid a sharp decline in the crypto market. Meanwhile, BitMine, the ETH treasury company he founded, took the opportunity to increase its holdings of $21 million worth of Ethereum.

"ETH is expected to finish the bottoming process in the next few hours," Tom Lee pointed out on the X platform on Tuesday that the entire crypto market was in a panic selling due to the liquidation of more than $200 billion in market value.

The bottom of Lee's referring to may have appeared because at the time of writing, Ethereum (ETH) price has stabilized and rebounded, re-established at the $4,430 mark.

This prediction is based on analysis by Mark Newton, head of technical strategy at Fundstrat Global Advisors. Newton said ETH currently has an excellent risk-reward ratio and believes that the price is "extremely unlikely" to effectively break below previous lows or disrupt the overall uptrend.

"Ideally, the price will bottom out in the $4,300 area within the next 12 hours, and then start a new round of gains, with a target of breaking through $5,100 and further reaching the $5,400 to $5,450 range," Newton added.

Tom Lee predicts that Ethereum (ETH) will be

Source: Udi Wertheimer

Ethereum falls 11% from its all-time high

The forecast comes as the entire crypto market is experiencing a deep pullback led by Bitcoin (BTC). Bitcoin fell to its lowest level in seven weeks Tuesday morning.

TradingView data shows that Ethereum also encountered significant selling pressure, with a drop of more than 7% on the Coinbase platform, falling to a low of $4,313.

BitMine ETH holds $7.5 billion

Meanwhile, BitMine Immersion Technologies continues to implement its "buy on dips" strategy, and on Tuesday, the company purchased 4,871 ETH for US$21.3 million.

After this increase in holdings, the total amount of ETH held by it has reached 1.72 million, which is worth nearly US$7.5 billion based on the current market price.

Tom Lee predicts that Ethereum (ETH) will be

BitMine buys on dips. Source: Arkham

On Monday, BitMine disclosed that its total crypto assets and cash reserves had increased to US$8.8 billion, an increase of US$2.2 billion from the previous year, of which the cumulative increase in holdings of more than 190,500 tokens in the past week.

The company's cryptocurrency plus cash assets corresponds to the net asset value per share (NAV) also rose to $39.84, significantly higher than $22.84 at the end of July.

The indicator is derived by dividing the total value of cryptocurrency held by the company with the total cash value of the company by the total share capital after being completely diluted (221.5 million shares).

Tom Lee predicts that Ethereum (ETH) will be

BitMine expands its lead as the second largest crypto treasury. Source: BitMine

ETH treasury continues to grow

According to StrategyEthReserve statistics, BitMine has established a leading position in the enterprise-level Ethereum reserve field, holding about 40% of the market share, accounting for nearly two-fifths of the total ETH held by all corporate entities (about 4.3 million).

On the other hand, Strategy, led by Michael Saylor, the world's largest crypto asset holder, also made an move on Monday, purchasing 3,081 bitcoins at an average price of $115,829 per coin, with a total spend of $357 million, continuing to increase its Bitcoin reserves.

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Tom Lee predicts Ethereum (ETH) will bottom out in the next few hours, and BitMine buys 4871 on dips Tom Lee predicts Ethereum (ETH) will bottom out in the next few hours, and BitMine buys 4871 on dips Aug 29, 2025 pm 03:51 PM

Fundstrat's TomLee predicts Ethereum bottoming, while BitMine bought another $21 million during the plunge, with a total holding of 1.72 million ETH. Fundstrat Global Advisors managing partner Tom Lee predicted Ethereum to reach a phased bottom on Tuesday amid a sharp decline in the crypto market. Meanwhile, BitMine, the ETH treasury company he founded, took the opportunity to increase its holdings of $21 million worth of Ethereum. "ETH is expected to finish the bottoming process in the next few hours," TomLee posted on the X platform on Tuesday, pointing out that the entire crypto market was in terror due to the liquidation of more than $200 billion in market value.