Summary
- Tom Lee, Bitmain chairman, said Ethereum has entered the same 'supercycle' phase as Bitcoin.
- On-chain analysts reported that the current Ethereum price is about 200 dollars away from long-term holders' average purchase price and is approaching investors' buying range.
- Lee explained that despite volatility, 'during the 100-fold rise period, it is necessary to endure multiple crisis situations.'
It has been suggested that Ethereum (ETH) is entering the same 'supercycle' phase as Bitcoin (BTC)'s long-term upward pattern.
According to Cointelegraph on the 17th (local time), Tom Lee, Bitmain chairman, said, "When I first recommended Bitcoin to Fundstrat clients in 2017, the price was around 1000 dollars, and it repeated a 75% decline period but eventually rose 100-fold." He added, "Ethereum is starting the same supercycle."
In 2025, Ethereum's rate of increase has slowed compared to Bitcoin. Ethereum reached an all-time high of 4946 dollars in August and then underwent a correction, while Bitcoin continued its upward trend by surpassing 126,000 dollars in October. Currently, Bitcoin is down about 25% and Ethereum about 35% from their highs, and the overall market correction continues.
Lee, the chair, explained about this volatility, "Because doubt is excessively discounting future value," and said, "Investors had to endure multiple crisis situations during the 100-fold rise period."
On-chain analysts also presented meaningful indicators. Burak Kesmeci, a CryptoQuant contributor, analyzed in a report, "Ethereum's current price range is about 200 dollars different from long-term holders' average purchase price," and "it is approaching the buying range of investors who have been continuously accumulating."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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