Tom Lee makes headlines with a $281 million Ethereum buy, sparking speculation on ETH’s future. BitMine Immersion reportedly acquires 72,898 ETH, increasing holdings to 3.03 million since Oct. Analysts note lack of verification for purchase. Ether trades around $3,830-$3,870, recovering slightly from recent lows.
Ethereum faces resistance near $4,400-$4,800 with heavy sell orders. A possible double top formation near $4,600 could lead to a pullback. Support seen at $3,200-$3,400. Market sentiment crucial for next move. Potential for Ethereum to reach $4,800 if US-China trade deal goes through.
Crypto analysts share mixed views on Ethereum. Market update suggests corrective phase, not trend reversal. Chart indicates potential for double bottom formation at $3,300-$3,400. Projected move towards $5,000 by late 2025 or early 2026. Buyers needed for recovery. Broad structure remains stable.

Read more at Yahoo Finance: Does He Know Something We Don’t? Will ETH Hit A New High?