Tom Lee Agrees Ethereum's 5-Year Consolidation Is a Launchpad for a Mega Rally
- —ETH near $2,693, up 10% on the week and 86% from June's $1,506 low
- —Over three months ETH gained 71% versus Bitcoin's 40%
- —Bitmine holds 5.98 million ETH worth ~$16 billion, with 5.07 million staked
- —Bitmine bought another 27,562 ETH last week
Why it matters: Lee's endorsement reinforces the bullish ETH narrative and could draw institutional capital toward year-end.
Source: The Crypto Basic