Tom Lee predicts that Ethereum's bottom may be at $2400

Tom Lee shared his market outlook for 2026 during his appearance on the podcast "The Compound" this Friday. Tom Lee remains overall optimistic about cryptocurrencies, believing that despite short-term declines (such as precious metals siphoning off speculative funds), the long-term bull market is still in its early stages (a decade-long bull market that started in 2022).

Tom Lee also acknowledged that the current crypto market is in a bear phase, facing significant short-term pressure. ETH may reach $2,400 as a bottom (today Ethereum briefly hit a low of $2,200, now around $2,400), before rebounding. If the ETH/BTC ratio returns to historical highs, ETH could reach around $12,000.

This viewpoint is consistent with his public statements since the beginning of the year, where he has repeatedly predicted that this year's market will see a decline followed by a rise, with Bitcoin still set to reach an all-time high.