Price Prediction
Tom Lee and Bitmine to Stop Buying ETH: Price Prediction for ETH
Expert Tom Lee and his entity Bitmine are expected to stop buying ETH soon. This development is seen as a potential trigger for an ETH price explosion. According to CoinMarketCap, BTC is currently trading in the green at $82,700, while ETH is also in the green, trading just below $2,500. Analysts expect the correction phase to have concluded, leading to a surge in both BTC and ETH prices. Tom Lee, who has been accumulating ETH, predicts that ETH could reach an impressive all-time high (ATH) of $50,000. The macro Elliott Wave structure suggests a potential fifth-wave expansion that could push ETH to new targets ranging from $5,000 to $14,000, and even $50,000. The stop in buying by Bitmine is seen as a significant factor in this potential price surge.