Ethereum is still under pressure as the wider crypto market struggles to find direction. ETH is trading around $2,006, down nearly 3% on the day and more than 50% below its 2025 high of $4,900. The decline reflects months of weak investor confidence, forced sell-offs, and lower trading activity. While short-term rebounds have occurred, the overall trend remains weak as traders stay cautious due to regulatory concerns and tight financial conditions.
From a price chart perspective, Ethereum is trying to settle after sharp losses. Buyers are defending recent lows, but upward moves continue to face strong selling pressure. Trading volumes have dropped, though long-term investors appear to be slowly adding to their positions.
Despite the ongoing downturn, BitMine, an Ethereum-focused treasury firm led by Tom Lee, continues to buy ETH. The company recently added roughly $84 million worth of Ethereum to its holdings. Lee has openly acknowledged that BitMine is sitting on about $8 billion in unrealized losses, but says this is expected when holding through a full market cycle.
According to Lee, Ethereum’s long-term outlook remains intact. He points to steady activity on the network, continued use in decentralized finance, and Ethereum’s leading role in smart contract applications. He believes buying during periods of market stress improves long-term returns.
Blockchain data from Lookonchain and Arkham Intelligence shows BitMine completed its latest purchases through two large transactions. The firm bought 20,000 ETH via FalconX and another 20,000 ETH through BitGo within a short period.
With these additions, BitMine now holds about 4.33 million ETH, valued at roughly $9.14 billion based on prices last week. The company also disclosed that it has already reached over 72% of its goal to acquire up to 5% of Ethereum’s circulating supply.
To reduce the impact of price swings, BitMine has staked close to two-thirds of its Ethereum holdings. This approach is expected to generate around $200 million in yearly staking rewards, allowing the firm to earn income while waiting for the market to recover. Lee has highlighted staking as a major benefit of holding Ethereum during extended downturns.
If selling pressure increases or global markets weaken further, analysts warn Ethereum could revisit or briefly fall below recent cycle lows. A drop of 60% to 70% from the 2025 peak would not be unusual compared to past market cycles, especially if liquidity tightens further.
While downside risks remain, Lee believes the upside potential is still strong. If adoption grows and investment flows return, he expects Ethereum to regain momentum and possibly trade between $6,000 and $8,000 in the next market cycle.
For BitMine, the continued buying during weakness reflects confidence that the current downturn is temporary, not a sign of lasting damage to Ethereum’s long-term value.
Ethereum is falling due to weak market sentiment, regulatory uncertainty, forced sell-offs, and tight global liquidity reducing risk appetite.
Tom Lee believes buying ETH during market stress improves long-term returns as Ethereum’s network usage and smart-contract leadership remain strong.
BitMine holds about 4.33 million ETH, worth roughly $9.1 billion, putting it close to its goal of owning 5% of ETH’s circulating supply.
Ethereum could drop 60–70% from its peak in a worst-case cycle, but long-term recovery targets range from $6,000 to $8,000.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Hyperliquid’s price surged over 10% today, but traders are paying attention to more than price…
Bitcoin has put investors through one of its most dramatic stretches in years. After trading…
Bitcoin extended its recovery to $65,596 with a rise of 1.5% after reclaiming the $64,400…
A Bitcoin transaction from Cardano's early days has raised new questions within the community. The…
A crypto analyst says Cardano (ADA), Ethereum (ETH), Solana (SOL), and XRP are among the…
Story Highlights The live price of the WLD token is Price predictions for 2026 range…
