[Tom Lee Predicts Ethereum Bottom at $2,400 This Friday] BlockBeats News, February 1: Tom Lee shared his 2026 market outlook during a podcast appearance on *The Compound* this Friday. Tom Lee remains broadly optimistic about cryptocurrencies, believing that despite short-term declines (such as speculative funds being drawn to precious metals), the long-term bull market is still in its early stages (a decade-long bull market starting in 2022). Tom Lee also acknowledged that the current crypto market is in a bear phase, facing significant short-term pressure. ETH may touch $2,400 as a bottom (Ethereum briefly hit a low of $2,200 today and is now hovering around $2,400) before rebounding. If the ETH/BTC ratio returns to its historical high, ETH could reach approximately $12,000. These views are consistent with his public outlook since the beginning of the year. Since 2026, he has repeatedly predicted that this year's market will first decline and then rise, with Bitcoin still expected to reach a new all-time high.