Tom Lee shared the Ether message he received: "The dip is coming"

Since June, when he became the chairman of the board of the Bitmine company, Tom Lee, who caused the firm to acquire Ether worth 10 billion dollars, believes that the drop experienced last night will not be long term...

In addition to his role at Bitmine, Lee, who is also a manager at Fundstrat Global Advisors, shared a message sent to him by the firm's strategy director Mark Newton on his X account.

"The dip will come within a few hours"

Lee stated in his tweet, "Mark Newton is at it again... He says the bottom for Ether will come in the next few hours."

Newton seems to have been right in this comment. Ether managed to rise above 4400 dollars again after getting dumped to the level of 4300 dollars during the night.

"The upward trend will not be broken"

In the message Newton sent to Lee, it was stated that it is very difficult for Ether to break its upward trend with these dumps.

"Ether is currently in a good risk/reward position... it's very difficult to break this trend and drop further... it needs to see a bottom around 4300 in about 12 hours and start moving up again. After that, it needs to see 5100, 5400, and 5450 dollars."

Published: August 26, 2025 11:08Last Updated: August 26, 2025 11:11