Tom Lee Sees End of Crypto Slump, Predicts Ether Price Surge

Tom Lee, chairman of Bitmine Immersion Technologies, has made a bullish prediction for the cryptocurrency market, stating that the recent slump is over.

In a keynote speech at Paris Blockchain Week 2026, Lee referred to the downturn as a 'mini crypto winter' and claimed that it may already be ending.

He attributed this optimism to equity markets reaching their bottom due to global conflicts. According to Lee, Ether's price will surge due to the growing adoption of tokenization and artificial intelligence initiatives on the Ethereum network.

The predicted increase in demand for Ether could push its price up to $60,000, according to Lee's market thesis.