Crypto: Ether Set For Another ‘v-shaped Recovery,’ Tom Lee Says 2026

Fundstrat's Tom Lee argues Ether is close to the bottom and says investors should be thinking about opportunities instead of selling.

Fundstrat head of research Tom Lee said he expects Ether to rebound quickly following recent declines, arguing the asset has experienced eight such recoveries since 2018.

“A lot of people are frustrated, but keep in mind that Ethereum, since 2018, has fallen more than 50% eight times,” Lee said at a conference in Hong Kong on Wednesday.

Last year, Ethereum fell 64% from January to March, he added.

He argued that nothing has changed and that Ether (ETH) will see another V-shaped bottom.

BitMine market analyst Tom DeMark flagged the $1,890 price level as a potential bottom but said it would tap this twice in an “undercut.” Lee stated that this would be a “perfected bottom,” adding:

Related: Analysts debate whether Ether has capitulated or has further to fall

Ether prices on Coinbase tanked to $1,760 on Feb. 6, just short of the 2025 low of just over $1,400, according to TradingView.

The asset has failed to hold above $2,000, falling to $1,970 at the time of writing following a 37% crash over the past 30 days.

Despite the asset’s poor performance this year, data shows there is still strong demand for Ether staking.

Source: CoinTelegraph