Tom Lee Predicts Ethereum Bottom Is In This Friday at $2400

BlockBeats News, February 1st, Tom Lee shared his 2026 market outlook during this past Friday's podcast appearance on The Compound. Tom Lee remains overall optimistic about cryptocurrency, believing that despite short-term downturns (such as speculative funds flowing into precious metals), the long-term bull market is still in its early stages (a ten-year bull market starting from 2022).

Tom Lee also acknowledged that the current crypto market is in a bear market phase, under significant short-term pressure. ETH may touch $2400 as a bottom (today Ethereum briefly touched a low of $2200 and is now around $2400), and then rebound. If the ETH/BTC ratio returns to its historical high, ETH could reach around $12,000.

The above views are consistent with his public views since the new year, with multiple forecasts since 2026 suggesting that this year's market trend will be a decline followed by a rise, and Bitcoin will still hit a new all-time high.