Tom Lee says ETH’s 30% weekly jump could set up bigger gains

Ethereum rose 30% last week, and larger gains could follow in the coming weeks, according to Tom Lee, chairman of ETH accumulation company Bitmine (Nasdaq: BMNR). Bitmine said the 30% gain last week was Ethereum’s biggest weekly advance since May last year, with the prior comparable case occurring in July 2021. In both earlier examples, weekly gains of more than 30% signaled a setup for a larger rally, Bitmine said. After rising 30% in July 2021, ETH went on to climb 167%, and in 2025 it rose another 170%, according to the company. Bitmine added it expects easier financial conditions to provide a tailwind for cryptocurrencies.