Fundstrat’s analyst Mark Newton is doubling down on their Ethereum prediction of a rally above $5,000 to new all-time highs (ATH). This comes amid the current crypto market crash, which led to an ETH decline beneath $4,000.
Fundstrat Predicts Ethereum Rally To $5,500
In an X publish, Tom Lee shared an evaluation from his colleague Mark Newton, who acknowledged that he expects ETH to backside out over the subsequent one to 2 days earlier than heading increased and rallying to $5,500. Newton additional remarked that the ETH pullback is more likely to finish by October 11, with the altcoin then heading increased.
Crypto savant @MarkNewtonCMT at it once more:
“I don’t make a lot of Crypto weak spot in current days, and anticipate $ETHUSD probably bottoms out over the subsequent 1-2 days earlier than heading again increased and rallies to $5500.
– Following a current sturdy technical rally from 9/25 into 10/7 in… pic.twitter.com/LCQDtGpDXs
— Thomas (Tom) Lee (not drummer) FSInsight.com (@fundstrat) October 9, 2025
The analyst additionally famous how Ethereum has seen a minor three-wave pullback following a current sturdy technical rally from September 25 to October 7. Nevertheless, primarily based on his evaluation, the ETH pullback is now over, with a significant rally on the horizon.
Notably, this comes amid the current crypto market crash, which noticed ETH drop to as little as $3,400. Newton has earlier acknowledged that the altcoin was more likely to hit between $4,200 and $4,220, which would supply an optimum space of help earlier than it rallies increased.
Nevertheless, the severity of the market crash pushed Ethereum beneath the projected help degree. The market crash had occurred after U.S. President Donald Trump introduced a 100% tariff on China, sparking panic amongst market members.
The Market Pullback Was Overdue
Tom Lee, the Chairman of the Ethereum treasury agency BitMine, mentioned throughout a CNBC interview that the market pullback was overdue. He famous that because the April low in the course of the Trump tariffs, the market has gained 36%.
Though he was primarily referring to shares, the crypto market has additionally recorded huge beneficial properties because the April lows. The ETH value had notably recorded a acquire of over 100% in the course of the tariff interval, reaching a brand new all-time excessive (ATH) within the course of.
Because of the market crash, Tom Lee’s BitMine at present has a floating lack of round $1.9 billion on its Ethereum funding. Nevertheless, the corporate appears to be like to be doubling down on ETH regardless of this growth.
Onchain analytics platform Onchain Lens revealed that three wallets probably belonging to BitMine have withdrawn 78,824 ETH, price $302.12 million, from Kraken. The corporate is the biggest public ETH holder, holding over 2% of the altcoin’s complete provide.
