Ethereum Worth Rallies Above $3k as Tom Lee Predicts $250K ETH

The Ethereum worth is up 4% within the final 24 hours, buying and selling at $3,122, as each day buying and selling quantity jumped 119% to $24.5 billion.

This comes as Tom Lee, chairman of Ether-focused firm BitMine, needs shareholders to approve an enormous improve within the firm’s approved shares, from 50 million to 50 billion. He says that is wanted in case Ethereum’s worth rises sharply and BitMine wants to separate its inventory sooner or later.

Lee defined that BitMine’s share worth intently follows Ethereum. He believes ETH may in the future attain $250,000 if Bitcoin hits $1 million. If that occurs, BitMine shares may rise to round $5,000 every, which might be too costly for many retail buyers.

To maintain the inventory reasonably priced, Lee says BitMine would wish to do a big inventory break up, probably 100-to-1, to convey the share worth again to round $25. That form of break up would require billions of shares to exist. He careworn that approving extra approved shares doesn’t imply the corporate will concern them straight away, it solely permits flexibility sooner or later.

BitMine shifted from Bitcoin mining to an Ethereum treasury technique in 2025. The corporate now holds over 4 million ETH, price greater than $12 billion, and has began staking ETH to earn yield.

8/
These splits will improve whole shares excellent.

Thus, BitMine can solely break up shares sooner or later if the whole approved shares is elevated

– see chart beneath
– the rise in approved shares is required

Preserve studying 📖… pic.twitter.com/4yCPGkeBjC

— Thomas (Tom) Lee (not drummer) FSInsight.com (@fundstrat) January 2, 2026

Many individuals on social media criticized the plan, saying it appears to be like dilutive and pointless proper now. Lee responded that the transfer is supposed to cope with “unit bias,” the place buyers deal with cheap-looking share costs as an alternative of long-term worth.

Ethereum Holds Above $3,100 as Bullish Momentum Strengthens

ETH/USDT worth motion reveals a transparent bullish construction on the 4-hour chart, supported by robust momentum. ETH is buying and selling across the $3,120 stage, persevering with a gentle restoration after spending a number of weeks in a consolidation section.

The chart highlights a significant help zone between $2,700 and $2,850, labeled as a consolidation space. This zone acted as a robust base the place consumers repeatedly stepped in, stopping additional draw back. Worth revered this help a number of instances, displaying robust demand and confidence from consumers.

From this space, ETH started forming greater lows, signaling a shift from bearish stress to bullish management. A visual parabolic curve on the chart reveals a gradual however regular upward transfer. This sample suggests accumulation fairly than a sudden spike, which is commonly more healthy for sustained beneficial properties.

ETH has now damaged above the important thing psychological stage at $3,000, which is performing as short-term help. Holding above this stage is essential for the bullish development to stay legitimate.

ETHUSD Chart Evaluation. Supply: Tradingview

On the upside, the chart reveals a transparent resistance zone round $3,400 to $3,500. This space beforehand rejected worth and will decelerate the subsequent transfer greater. If ETH maintains momentum above $3,100 and quantity stays robust, a retest of this resistance zone is probably going. A clear breakout above it may open the door for a stronger rally.

The RSI (14) is at the moment round 78, putting ETH in overbought territory. This means robust shopping for momentum but in addition suggests the potential of a short-term pullback or sideways consolidation earlier than the subsequent upward transfer.

An overbought RSI doesn’t imply an instantaneous reversal, however merchants ought to count on transient corrections. ETH stays bullish as the worth stays lengthy above the $3,000 help stage. Any short-term dips towards help may appeal to consumers, conserving the broader upward development intact.

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