Tom Lee Agrees Ethereum 5-Year Consolidation Is the Launchpad for a Mega Price Rally

In today’s Ethereum news, ETH trades near $2,650, down about 3% over the past 24 hours. The dip is modest, but it follows a sharp rejection near $2,800 earlier this week. Zoom out, and the bigger picture comes into focus. ETH has spent much of the past five years moving inside a broad range. Rallies toward $4,000 in 2024 faded, and even the push to fresh highs near $4,900 in 2025 didn’t hold. Each major sell-off, meanwhile, found buyers somewhere between $1,500 and $1,600. That back-and-forth has tested the patience of many holders. While other assets have broken out, ETH has kept returning to familiar territory. For Fundstrat’s Tom Lee, that sideways grind isn’t a warning sign. It’s the setup. And his latest public comment could change how traders read ETH’s next major move. TOM LEE NOW HOLDS $16 BILLION OF ETH – AND HE'S STILL BUYING Bitmine bought another $75.29M of ETH this week, taking its stack to 5,983,940 ETH ($16.40B). 85% of that is staked. That is 4.9% of the entire ETH supply. They need $327.90M more ETH to hit 5%. pic.twitter.com/w2dYaEX46Q — Arkham (@arkham) September 22, 2026 Market Intelligence: Crypto Analyst Predicts Best Low-Cap Crypto Is Tom Lee Betting on Ether...