Experts sees Ethereum heading into a supercycle like Bitcoin's
Tom Lee, head of BitMine, a firm focused on Ethereum treasuries, thinks history might repeat. He spots Ether tracing the same path that sent Bitcoin up over 100 times from 2017. Lee calls this a review of market trends, not a forecast. The setup now echoes Bitcoin's back then.
Ethereum pulls ahead of Bitcoin in a big shift, hinting at a supercycle.
Quick summary
Tom Lee from BitMine views Ethereum as stepping into the supercycle behind Bitcoin's big gains. He warns that tapping Ether's upside means facing wild swings and tough times.
Ethereum lagged Bitcoin early in 2025, yet some experts see the dip as a buy chance.
Tom Lee's take on Ethereum's path
In an X post, Lee remembers telling Fundstrat clients in 2017 to put 1% to 2% into Bitcoin at about $1,000. Bitcoin has seen six drops over 50% and three beyond 75% in the past 8.5 years. Still, it could hit 100 times higher by 2025. Lee says such growth needed riding out deep falls, as crypto often frets over short-term fears before grabbing long-term wins.
Lee now spots Ether starting a like supercycle. He adds it won't go straight and demands steady nerves amid ups and downs.
Ethereum's late moves and future view
Ethereum fell short of Bitcoin at 2025's start. It hit $4,953 in August, while Bitcoin kept rising past $126,000 in October. Both then pulled back in a market slide. Bitcoin shed more than 24%, Ethereum over 35%.
Even with that sharper drop, many analysts call the price zone a spot to build positions. Michaël van de Poppe posted on X that he's still upbeat on Ether after its 30% slide versus Bitcoin. He sees the level as good for long holds, mainly since Ether held steady as Bitcoin had its worst week. Van de Poppe thinks Ethereum's price won't stay this low.
Ethereum's spot and long-term holder trends
Burak Kesmeci from CryptoQuant digs into Ethereum's setup and what steady investors do.
Ethereum sits near $3,150, up 8% from the average buy price of $2,895 for accumulation wallets, or what long-haul buyers paid on average. Ether slipped under that in April 2025's Trump tariff mess, but accumulation addresses grew from 10 million to over 27 million. That shows ongoing trust.
Kesmeci says hitting that average again would make a prime buy point. He doubts a stay below $2,900 will drag on.
Plus, Lee tackled the latest fall in a November 15 X post. He ties it to one or more big market makers facing balance issues, letting others spark sell-offs and push Bitcoin lower. Lee views the hit as short-lived and says it doesn't shake his outlook for Ethereum's supercycle. That comes from more institutions embracing blockchain tech.