Ethereum Price Dips, Tom Lee Predicts $7,000-$9,000 by 2026
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Price Movement: Ethereum's price has dipped over 1% in the past 24 hours to $2,927, with trading volume decreasing by 6% to $14.8 billion, indicating short-term market weakness.
- Future Predictions: Fundstrat's Tom Lee forecasts Ethereum could rise to between $7,000 and $9,000 by early 2026, with a long-term target of $20,000, although he expresses caution about the term 'supercycle', highlighting ongoing market uncertainty.
- Technical Analysis: Ethereum is currently trading within a consolidation zone around the $2,700 support level, with potential to rebound to $3,400 if it breaks the $3,300 resistance, while a drop below $2,700 could lead to a decline towards $2,200, reflecting market divergence and risks.
- Market Sentiment: Despite recent downward pressure, analyst Ali Martinez suggests that $1,700 could be a good buying opportunity, indicating investor expectations for a future rebound.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
