Ethereum Worth Rallies Above $3k as Tom Lee Predicts $250K ETH

The Ethereum value is up 4% within the final 24 hours, buying and selling at $3,122, as each day buying and selling quantity jumped 119% to $24.5 billion.

This comes as Tom Lee, chairman of Ether-focused firm BitMine, desires shareholders to approve an enormous enhance within the firm’s approved shares, from 50 million to 50 billion. He says that is wanted in case Ethereum’s value rises sharply and BitMine wants to separate its inventory sooner or later.

Lee defined that BitMine’s share value intently follows Ethereum. He believes ETH may someday attain $250,000 if Bitcoin hits $1 million. If that occurs, BitMine shares may rise to round $5,000 every, which might be too costly for many retail buyers.

To maintain the inventory inexpensive, Lee says BitMine would wish to do a big inventory cut up, presumably 100-to-1, to carry the share value again to round $25. That sort of cut up would require billions of shares to exist. He harassed that approving extra approved shares doesn’t imply the corporate will concern them instantly, it solely permits flexibility sooner or later.

BitMine shifted from Bitcoin mining to an Ethereum treasury technique in 2025. The corporate now holds over 4 million ETH, price greater than $12 billion, and has began staking ETH to earn yield.

8/
These splits will enhance complete shares excellent.

Thus, BitMine can solely cut up shares sooner or later if the full approved shares is elevated

– see chart under
– the rise in approved shares is required

Maintain studying 📖… pic.twitter.com/4yCPGkeBjC

— Thomas (Tom) Lee (not drummer) FSInsight.com (@fundstrat) January 2, 2026

Many individuals on social media criticized the plan, saying it seems dilutive and pointless proper now. Lee responded that the transfer is supposed to cope with “unit bias,” the place buyers concentrate on cheap-looking share costs as a substitute of long-term worth.

Ethereum Holds Above $3,100 as Bullish Momentum Strengthens

ETH/USDT value motion reveals a transparent bullish construction on the 4-hour chart, supported by sturdy momentum. ETH is buying and selling across the $3,120 stage, persevering with a gentle restoration after spending a number of weeks in a consolidation section.

The chart highlights a significant assist zone between $2,700 and $2,850, labeled as a consolidation space. This zone acted as a robust base the place patrons repeatedly stepped in, stopping additional draw back. Worth revered this assist a number of instances, displaying sturdy demand and confidence from patrons.

From this space, ETH started forming greater lows, signaling a shift from bearish stress to bullish management. A visual parabolic curve on the chart reveals a gradual however regular upward transfer. This sample suggests accumulation moderately than a sudden spike, which is commonly more healthy for sustained positive aspects.

ETH has now damaged above the important thing psychological stage at $3,000, which is appearing as short-term assist. Holding above this stage is vital for the bullish development to stay legitimate.

ETHUSD Chart Evaluation. Supply: Tradingview

On the upside, the chart reveals a transparent resistance zone round $3,400 to $3,500. This space beforehand rejected value and will decelerate the following transfer greater. If ETH maintains momentum above $3,100 and quantity stays sturdy, a retest of this resistance zone is probably going. A clear breakout above it may open the door for a stronger rally.

The RSI (14) is at present round 78, inserting ETH in overbought territory. This means sturdy shopping for momentum but in addition suggests the potential for a short-term pullback or sideways consolidation earlier than the following upward transfer.

An overbought RSI doesn’t imply a right away reversal, however merchants ought to anticipate temporary corrections. ETH stays bullish as the worth stays lengthy above the $3,000 assist stage. Any short-term dips towards assist may appeal to patrons, maintaining the broader upward development intact.

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