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Tom Lee: Ethereum is still in a supercycle

Tom Lee: Ethereum is still in a supercycle

BlockBeatsBlockBeats2025/10/26 16:12
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BlockBeats News, on October 26, Tom Lee, Chairman of BitMine, the largest Ethereum holding institution, stated that "Ethereum (ETH) is still in a Supercycle."


Most of the time, price "leads" fundamentals, but there are also times when fundamentals lead price.


· Demand for stablecoins is surging

· Ethereum trading volume has reached a historic high."


In an interview with CNBC, Tom Lee said: "Driven by stablecoins, both Ethereum Layer 1 and Layer 2 networks are experiencing significant growth in activity, but this fundamental improvement has not yet been fully reflected in the token price—there is usually a lag in market pricing. From my observation, the continued increase in on-chain fundamental activity actually provides a solid basis for major market moves before the end of the year."

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