Tom Lee predicts Ethereum's bottom at $2400

On February 1st, Tom Lee presented his market outlook for 2026 on the podcast program 'The Compound'. He believes that the long-term bull market for cryptocurrencies is still in its early stages, but the current market is in a bear market with severe short-term pressure. Tom Lee predicts that Ethereum may rebound after hitting a bottom of $2400, and if the ETH/BTC ratio returns to historical highs, Ethereum prices may reach $12000. His viewpoint is consistent with the public forecast since the New Year, which predicts that the market will first decline and then rise this year, and Bitcoin may still reach a historic high.