Tom Lee: Ethereum will form a perfect bottom if it touches $1890 again.

PANews reported on February 11th that, according to Foresight News, BitMine Chairman Tom Lee stated at Consensus 2026 that the crypto market needs to wait for a Bitcoin reversal, which requires a weakening of gold. He believes this shift will occur this year. Regarding Ethereum, he pointed out that since 2018, Ethereum has experienced eight drops exceeding 52%, and each of those drops resulted in a V-shaped bottom reversal. From January to March of last year, Ethereum fell by 64%, but subsequently recovered at almost the same pace.

Tom Lee stated that if Ethereum touches $1890 again, it will form a perfect bottom. He believes Ethereum is currently very close to its bottom, and investors should look for opportunities rather than sell. Furthermore, he emphasized that Ethereum's future drivers include Wall Street's reconstruction of the financial system based on blockchain, the application of AI agents, and the creator economy. He stated that although there are still internal divisions on Wall Street, their willingness to use public blockchains is clear.