Tom Lee Says Ethereum Is in the 'Final Stages' of the Crypto Winter, Bitmine Reports $3.8B Loss

Tom Lee's claim that the crypto winter is in its final stages, coupled with Bitmine's $3.8 million loss, could dampen market sentiment. ETH’s most recent closing price sits below its 20‑day and 50‑day moving averages, a technical signal pointing to a downward trend. The RSI is at 36.6, not yet in the oversold zone, yet the MACD remains below its signal line, sustaining selling pressure. Over the next one to three days, the price is expected to be tested in the $2,400–$2,450 range. Still, the probability of a sharp short‑term rebound appears low.