Analyst Tom Lee has set a $25,000 price target for Ethereum, implying approximately a 1,000% gain from current levels around $2,500. BitMine is nearing its accumulation cap of 5% of total supply after reaching 4.9%, which could reduce institutional buying pressure in the near term. In this environment, ETH trades at $2,500, down 2.8% over 24 hours and nearly 10% over the past week, with technical support identified between $2,450 and $2,500. Macroeconomic conditions remain unfavorable for risk assets: hawkish Fed signals, elevated Treasury yields, oil above $100, and a stronger dollar are weighing on investor appetite. Crypto liquidations exceeded $700 million in 24 hours, mostly from leveraged long positions.
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