Tom Lee Predicts 100x Ethereum Surge as 27M ETH Accumulate in 2025 Cycle
Ethereum may be on the cusp of a seriously transformative price run, says Tom Lee, the chief at BitMine and founder of Fundstrat.
Quick overview
- Tom Lee believes Ethereum is on the verge of a significant price surge, drawing parallels to Bitcoin's 2017 rise.
- Despite recent volatility, Lee suggests that Ethereum's current trajectory could lead to a 100x increase in value.
- Blockchain analysis indicates that long-term holders are accumulating ETH, signaling confidence in the market's strength.
- Key indicators suggest that Ethereum's correction mirrors past Bitcoin cycles, potentially setting the stage for a major price rally.
Ethereum may be on the cusp of a seriously transformative price run, says Tom Lee, the chief at BitMine and founder of Fundstrat. Lee draws a pretty interesting comparison between Ether’s current situation and Bitcoin’s historic surge back in 2017. What he’s saying is that if Ether continues on this trajectory – unlike the many times it’s taken a beating and come back even stronger – it could well be about to take off in a big way, rising by a factor of over 100 despite another round of downturn.
In a post on Sunday, Lee reminded his followers of the time he told his clients to get in on Bitcoin when it was trading at around $1.000 – and even though it ended up having a pretty rough ride, getting knocked down by more than 75% at one stage yet still managed to rally all the way up to over $126,000 in October 2025. Now he’s saying that Ethereum is going through the same kind of “Supercycle” – and even though both assets are going through renewed volatility right now, he thinks this is an opportunity not to be missed.
Ethereum itself reached a record high of $4,946 in August, only to drop by more than 35% as the broader market began to contract. Bitcoin has dropped by 25% since its own peak. Lee says this is typical at the start of a big, multi-year expansion.
“To benefit from a 100x cycle,” he points out, “you’ve got to be able to stick it out through the darkest of times – the ones that feel like they might actually be the end.”
🔥 BULLISH: BitMine's Tom Lee says Ethereum is starting the same supercycle as Bitcoin, predicting a 100x return in the coming years.
Can $ETH replicate Bitcoin's explosive growth? pic.twitter.com/0YGo6RGkVK
— Cointelegraph (@Cointelegraph) November 17, 2025
Long-Term Holders Are Signalling That Confidence Is Rising
Blockchain analysis is suggesting that Ethereum’s downturn may be close to the point of no return. Burak Kesmeci, of CryptoQuant, noted that at ETH’s current price of around $3,150, it’s only about $200 above the average cost price of long-term holders – people who have been quietly building up their holdings over the years.
Here are a few key data points that suggest the underlying strength of the Ethereum market:
- 17 million ETH has flowed into addresses that are used to “accumulate” coins this year
- The number of ETH held by so-called “long-term holders” has increased from 10 million to 27 million this year.
- ETH has been below the long-term cost price only once in the last decade
Kesmeci says that if ETH slips to $2,900, it’s likely to be a very short-lived event. Historically, when a coin gets close to its cost price, you see big investors moving in to buy up as many coins as they can – and that can lead to a significant price rally.
Over the last 24 hours, ETH had briefly touched $3,023 before steadying out around $3,185.
Market Volatility and Where We Go From Here
A lot of the noise in the market at the moment has spooked people, but the analysis says Ethereum’s fundamentals are actually getting stronger by the day. Long-term investors are buying up more ETH, the number of developers working on the Ethereum platform is on the rise, and big institutions are starting to take an interest. Put all these factors together, and you get a solid foundation for the price to start pushing up.
1️⃣ Tom Lee of BitMine just dropped a bomb: He believes Ethereum ($ETH) is entering the same "supercycle" that propelled Bitcoin to stratospheric heights! 🚀
That's right, he's predicting a staggering 100x return in the coming years. Can $ETH really replicate Bitcoin's explosive… pic.twitter.com/BZaMJpp9ag
— CryptoMoses (@realcryptomoses) November 17, 2025
Some of the key signals that point to an even bigger supercycle:
- The multi-year accumulation trend is getting more and more intense
- ETH’s current correction is mirroring the pattern of previous Bitcoin cycles
- There’s now some strong on-chain support forming near the long-term buy zones
For Lee and other people who are bullish on Ethereum, the current weakness in the market is just a case of people doubting the coin – it’s got nothing to do with any real underlying problem. And if Ethereum follows the pattern Bitcoin set eight years ago, the next stage could be one of the biggest price rallies in crypto history.
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