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

The Ethereum value is up 4% within the final 24 hours, buying and selling at $3,122, as day by 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 a giant improve within the firm’s licensed shares, from 50 million to 50 billion. He says that is wanted in case Ethereum’s value rises sharply and BitMine wants to separate its inventory sooner or later.

Lee defined that BitMine’s share value intently follows Ethereum. He believes ETH may at some point 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 traders.

To maintain the inventory reasonably priced, Lee says BitMine would wish to do a big inventory cut up, probably 100-to-1, to deliver the share value again to round $25. That sort of cut up would require billions of shares to exist. He pressured that approving extra licensed shares doesn’t imply the corporate will challenge them instantly, 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 cut up shares sooner or later if the whole licensed shares is elevated

– see chart under
– the rise in licensed 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 dilutive and pointless proper now. Lee responded that the transfer is supposed to take care of “unit bias,” the place traders give attention to cheap-looking share costs as an alternative of long-term worth.

Ethereum Holds Above $3,100 as Bullish Momentum Strengthens

ETH/USDT value 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 gradual restoration after spending a number of weeks in a consolidation section.

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

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

ETH has now damaged above the important thing psychological stage at $3,000, which is performing as short-term assist. Holding above this stage is necessary 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 value and will decelerate the following 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 presently round 78, inserting ETH in overbought territory. This means robust shopping for momentum but additionally suggests the potential of a short-term pullback or sideways consolidation earlier than the following upward transfer.

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

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