- Fundstrat founder Tom Lee explained the purchases Ethereum his company that the ETH rate has dropped enough to reach the bottom, and an upward rebound is ahead.
This week, Bitmine Immersion Technologies, led by Fundstrat founder Tom Lee, increased its Ethereum holdings. The company now holds approximately 4,6 million ETH and continues to accelerate its investment in Altcoyin.
Since the start of the war in Iran, cryptocurrencies have outpaced other assets in terms of rate growth, and эфириум outperformed the S&P 500 index by 24,5% in this indicator. This is a significant result achieved in just two weeks.
In our view, rising oil prices are raising concerns about a slowdown in global economic growth. When investors worry about this, they buy «growth assets»: securities of the «Magnificent Seven» companies and software developers, as well as virtual currencies. Tom Lee noted earlier.
According to Lee, the bottom for ETH may have already been reached. He also cited Tom DeMark’s analysis, which found that the digital asset’s recent performance correlates 93% with the S&P 500’s recovery from the 1987 crash and the 2011 bottom. Lee also stated that Altcoyin is trading at a discount similar to that seen during previous lows.
At the time of writing the article Ethereum was trading at $2,153, up 0,04% over the past 24 hours and 4% over the past week. The altcoin’s rise coincided with the activity of one of the early «crypto whales,» known as thomasg.eth. according to Arkham Intelligence, the wallet was replenished with $3 million in Ethereum on March 20. The purchase was made at a time when the ETH price is still 56% below its all-time high of $4,946, which was recorded on August 24, 2025.
Spot ETH-ETF also record a decline. according to SoSoValue, On March 18, the funds recorded a net outflow of $55,7 million, on March 19 — $136,4 million, and on March 20 — $42 million.
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