- Tom Lee turns bullish on ETH once again.
- The financial expert expects a $9,000 ETH ATH price by January 2026.
- Could this bullish ETH surge finally trigger altseason peak phase?
Expectations for Ethereum (ETH), the pioneer altcoin asset, to hit new ATH prices were high last month, but with the falling prices of BTC and ETH since then has resulted in bearish sentiment across the board. So much so that even the most bullish analyst turned bearish. Now, Bitmine Immersion’s Tom Lee turns bullish on ETH once again and expects $9,000 ETH ATH by January 2026.
Tom Lee Turns Bullish on ETH Once Again
This bull cycle has been a brutal one for altcoin enthusiasts, especially for Ethereum (ETH) holders. The pioneer altcoin asset was expected to soar alongside BTC and claim exceptionally high new ATH targets just like the pioneer crypto asset Bitcoin. Instead, after ETH bottomed in Q1 of 2025, when altseason peak was expected, the price of ETH only just started to pump.
In detail, the price of ETH steadily claimed prices between $1,500 to $3,700 over the course of the next quarter. Finally, in Q3, the price of ETH broke past the $4,000 price range and reclaimed its previous ATH price in the $4,800 price range. Following this, the price of ETH went on to hit a new ATH record, the only one it set so far this bull cycle in the $4,900 price range, failing to break past $5,000.
This was unfortunate as most bullish analysts had expected a significant price surge for ETH once it broke past $5,000. These price predictions went as high as $6,000 to $8,000 on the lower range, and $15,000 to $16,000 on the mid range, and $60,000 to $62,000 on the high range. Most of these predictions came from multiple sources, but all targets were once mentioned by Bitmine Immersion’s Tom Lee.
Expects $9,000 ETH ATH by January 2026
Earlier this year, Bitmine Immersion made a strategic pivot by putting an end to all of their Bitcoin mining and swapping all of their Bitcoin (BTC) for Ethereum (ETH). Then the company began to heavily accumulate ETH as the price of ETH continued to climb. Over the past few weeks when the prices of ETH and BTC continued to fall, all of these bullish price predictions for ETH diminished, turning even Tom Lee bearish.
Now, as we can see from the post above, Tom Lee has turned bullish once again. In particular, he goes on to explain in the video in the post above that the recent ETH price drop toward the $2,500 price range was an engineered washout and a to entry point for smart money. Having said that, Lee now targets $9,000 ETH ATH price by January 2026, driven by the tokenization supercycle.
