Tom Lee: ETH at a bottom, set to rebound like S&P 500 after 1987

Tom Lee, chairman of Bitmine (BMNR), has predicted that Ethereum (ETH) has bottomed out and is poised for an imminent rebound, drawing parallels between its current trend and the U.S. stock market's performance after 1987. According to Odaily, speaking at the WebX 2026 conference in Tokyo today, Lee stated that a comparison of ETH and S&P 500 trends shows ETH is currently at a bottom similar to where the stock market was post-1987. He also pointed to ETH's past price resilience, explaining that many investors are frightened by the lower prices and are overlooking the real value of institutional adoption by Wall Street. Lee identified several key macroeconomic factors to watch in 2026, including U.S. monetary policy, the Clarity Act, capital concentration from the AI investment boom, and the relative underperformance of the financial sector.