The post Tom Lee targets $2,500 as the exhaustion point for Ethereum sellers appeared on BitcoinEthereumNews.com. Key Takeaways Tom Lee suggests Ethereum sellers may exhaust at the $2,500 level based on Tom DeMark’s analysis. Ethereum’s “minor” downside may precede a massive rally to $7,000–$9,000 by the end of January, according to Lee. Tom Lee sees a potential buy setup if Ethereum slides to $2,500. The founder of Fundstrat and chairman of BitMine Immersion, which now owns 3% of the total ETH supply, believes that level would represent a healthy market bottom, citing analysis from strategic advisor Tom DeMark. “In our conversations, when he looks at Ethereum, he (DeMark) sees what looks like engineered or systematic liquidation taking place,” Lee explained the recent market pullback during a recent interview with Chris Perkins, president of CoinFund. “There is someone that is capital constrained and is therefore bleeding or having to sell reflexively as price falls.” “That process is painful, but in his sort of rough timing range, his downside target, and we talked about this a few weeks ago, was $2,500 for ETH,” Lee added. “I think we’re so close to that. It would be ideal for us to actually bleed to that level, because then that is creating what he calls a buy setup.” Ethereum has declined from $4,800 to around $2,800, underperforming the S&P 500, which continued rising for 20 days after Ethereum’s peak. Lee attributed the divergence partly to the October 10 market crash in crypto that caused automatic deleveraging and caught market makers off guard. BitMine recently announced a staking network called MAVEN, which will launch with three to four unnamed partners to provide what Lee described as an “OFAC-friendly, US Treasury-friendly, Wall Street-friendly” solution. The firm also made a $20 million investment in Orbs, the token associated with WorldCoin, an ERC-20 project that provides proof of human verification through iris scanning. Lee said… The post Tom Lee targets $2,500 as the exhaustion point for Ethereum sellers appeared on BitcoinEthereumNews.com. Key Takeaways Tom Lee suggests Ethereum sellers may exhaust at the $2,500 level based on Tom DeMark’s analysis. Ethereum’s “minor” downside may precede a massive rally to $7,000–$9,000 by the end of January, according to Lee. Tom Lee sees a potential buy setup if Ethereum slides to $2,500. The founder of Fundstrat and chairman of BitMine Immersion, which now owns 3% of the total ETH supply, believes that level would represent a healthy market bottom, citing analysis from strategic advisor Tom DeMark. “In our conversations, when he looks at Ethereum, he (DeMark) sees what looks like engineered or systematic liquidation taking place,” Lee explained the recent market pullback during a recent interview with Chris Perkins, president of CoinFund. “There is someone that is capital constrained and is therefore bleeding or having to sell reflexively as price falls.” “That process is painful, but in his sort of rough timing range, his downside target, and we talked about this a few weeks ago, was $2,500 for ETH,” Lee added. “I think we’re so close to that. It would be ideal for us to actually bleed to that level, because then that is creating what he calls a buy setup.” Ethereum has declined from $4,800 to around $2,800, underperforming the S&P 500, which continued rising for 20 days after Ethereum’s peak. Lee attributed the divergence partly to the October 10 market crash in crypto that caused automatic deleveraging and caught market makers off guard. BitMine recently announced a staking network called MAVEN, which will launch with three to four unnamed partners to provide what Lee described as an “OFAC-friendly, US Treasury-friendly, Wall Street-friendly” solution. The firm also made a $20 million investment in Orbs, the token associated with WorldCoin, an ERC-20 project that provides proof of human verification through iris scanning. Lee said…