Ethereum Falls 1% As Tom Lee Predicts Rally To $9K Then $20K

The Ethereum value edged down by over 1% up to now 24 hours to commerce at $2,927 as of 01:30 a.m. EST, with buying and selling quantity dropping 6% to $14.8 billion.

This comes as Fundstrat’s Tom Lee says that the value of Ethereum is ready for a rally, predicting that the value of ETH may surge to between $7,000-$9,000 in early 2026, because it soars to the $20,000 degree within the long-term.

These predictions come amid discussions of a possible supercycle within the crypto area, although Lee cautions towards overusing the time period.

“I don’t need to overuse the phrase supercycle,” Lee mentioned.

In the meantime, the value remains to be down 2% within the final week.

This drop has additionally trickled all the way down to the spot Ethereum exchange-traded funds (ETFs). After recording huge inflows on Monday, spot ETH ETFs have since recorded three consecutive outflows as Ethereum drops.

Can the prediction by Tom Lee play out, or is Ethereum poised for a continued drop?

Ethereum Worth Faces Indecision Inside A Consolidation Zone

The ETH value bulls are in a interval of indecision after the asset shaped a rounded prime sample, having touched an all-time excessive of round $4,940 in August.

After touching its ATH, the Ethereum value then went via a correction, finishing the rounded prime to fall to the $2,700 help space.

This help space has since acted strongly to maintain the value of ETH buying and selling inside a sideways sample, capped by the $3,300 resistance from late November.

ETH stays below bearish stress after forming a demise cross round $3,555 and nonetheless trades beneath each the 50-day and 200-day Easy Transferring Averages (SMAs).

Furthermore, the Relative Energy Index (RSI) is at present shifting above the 40 equilibrium ranges, at present at 43, and appears to be climbing, which is a sign that the value of ETH remains to be in a impartial zone.

In accordance with the ETH/USD chart evaluation on the each day timeframe, the ETH value is at present buying and selling inside a sideways sample in consolidation.

If the bulls use the present space as a zone of demand, Ethereum may surge to the $3,400 resistance space, with a long-term goal of round $3,584 inside the 200-day SMA.

Nevertheless, if the bears proceed exerting stress and shut beneath the $2,700 help, the subsequent potential cushion towards downward stress is on the $2,200 mid-year help space.

Crypto analyst Ali Martinez, with over 164k followers on X, says that the value of ETH may drop additional to the $1,700 zone, which might be a superb shopping for place.

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