In a dynamic market landscape, Ethereum (ETH/USD) is anticipated to experience a short-term correction, potentially dipping to the $4,075-$4,150 range by midweek. This forecast comes from Tom Lee, the co-founder of Fundstrat, who highlights that this minor pullback is part of a larger upward trend expected to follow. As of the current date in 2025, Ethereum is trading at approximately $4,225.23, reflecting a 1.19% increase over the past 24 hours and a 1.89% rise over the last week, according to data from CoinMarketCap.
Lee’s insights are supported by technical analysis from Mark Newton, which indicates that Ethereum’s recent consolidation phase has “a bit more” to unfold in the coming days. Newton believes this correction will offer “very good risk/reward” opportunities, with the projected dip not seen as significant. The anticipated price movements align with Elliott Wave patterns, which suggest a brief downturn before Ethereum resumes its ascent towards the $5,100 mark, indicating a potential for minor new highs.
Currently, Ethereum holds a market capitalization of $510.28 billion and commands 13.2% of the overall market. This dominant position underscores the cryptocurrency’s resilience and growing investor interest, despite fluctuations.
“The pullback shouldn’t be a big deal at all,” stated Newton in his assessment shared with Fundstrat.
Additionally, Lee’s bullish outlook on Ethereum is reinforced by his company’s strategic pivot towards accumulating Ethereum rather than Bitcoin. Bitmine Immersion Technologies Inc. (BMNR) has amassed 1.174 million ETH, valued at $5.26 billion, making it the third-largest public crypto treasury globally. This acquisition was completed in just 35 days at an average price of $3,492 per coin, showcasing a significant shift in investment strategy that has resulted in a staggering 683% surge in BMNR stock year-to-date.
Lee has previously characterized Ethereum as “the biggest macro trade” for the next 10 to 15 years, citing factors such as institutional adoption and the development of blockchain infrastructure as key drivers of its value. Fundstrat has set ambitious year-end targets for Ethereum, projecting potential prices between $12,000 and $15,000, with a conservative estimate of $10,000.
In comparison, Bitcoin (BTC/USD) is currently trading at $114,941.43. According to Newton’s analysis, Bitcoin should maintain support above $111,900 before making its way towards the $130,000 to $140,000 range.
As the cryptocurrency market continues to evolve, investors are advised to stay informed about potential price movements and market trends. For those looking to engage with cryptocurrencies, platforms like Plus500 offer risk-free paper trading options and bonuses up to $200, providing a safe environment to speculate on price movements.
For more insights and updates on cryptocurrency trends, stay tuned to trusted financial news sources. Always remember that investing in cryptocurrencies carries risks and should be approached with careful consideration and research.
Source: Benzinga.
