Key Insights:
- Bitmine’s Tom Lee just gave the latest Ethereum price prediction after stating he expects a 10–15% pullback in the summer.
- Ethereum’s on-chain activity has dropped to yearly lows despite continued institutional accumulation.
- Technical indicators suggest ETH could retest the $1,500 support if bearish momentum strengthens.
Bitmine’s Tom Lee just gave the market a fresh short-term Ethereum price prediction. According to Lee, ETH would resume its broader uptrend after this drop.
Lee’s bearish short-term Ethereum price prediction was based on seasonal market moves. He believes that profit-taking could push ETH lower after the recent gains.
He added that corrections are common during the strong bull season, with long-term buying opportunities. However, these ETH price targets below are solely from market commentators, and the crypto market is highly volatile at the moment.
Given the ongoing volatile scenario in the digital assets space due to geopolitical and macro concerns, investors should exercise due diligence.
His statements come as Bitmine continues to increase its ETH treasury through its latest purchase. Bitmine’s ETH holdings are now over 4.8% of the Ethereum circulating supply.
Lee also expects the ETH volatility to be short-term, saying that ETH is well-positioned to profit from the chain’s growth. He previously pointed out that tokenized assets of DeFi and AI are major contributors to the future demand for the ETH network.
His long-term bullish Ethereum price prediction signals that ETH could hit new all-time highs as institutional interactions increase. However, he stressed that investors should be prepared for normal market corrections along the way.
Ethereum On-Chain Volume Falls to Yearly Lows as Network Activity Slows
Ethereum’s on-chain activity continued to weaken as the network’s 7-day moving average indicated a drop in transaction volume. Data from The Block showed that daily on-chain volume had fallen to about $2 billion, a sharp decline from the peaks above $15 billion.
There has been a steady downward move in network activity in the last 12 months. Ethereum has seen fewer large-value transfers and reduced user activity.
Although there were brief recoveries in February and June 2026, both rallies faded quickly, leaving on-chain volume near yearly lows.
The slowdown also comes despite continued institutional interest in Ethereum through treasury purchases and ETH exchange-traded products.
This shows that much of the recent demand may be taking place through custodial platforms rather than direct on-chain transactions. This observation may explain the limited impact on network activity.
Ethereum Price Prediction Reveals Risk of Decline Toward $1,500
The ETH price is trading at $1870 at press time after a 5% gain in the last 24 hours. The price has so far broken above its short-term resistance just above $1,800.
At first glance, this outcome may signal a breakout, in which case Lee’s retracement expectations might be delayed. However, it could also be a bull trap, especially if enough liquidity jumps in through the spot market, followed by another selloff.
The price has so far maintained bullish momentum backed by the RSI’s push above its 50% level. If buyers loosen their grip, the sellers will have the advantage to push the price down to the next support zone.
The $1,500 and $1,550 price levels underscore the next major support zones. As per the latest market scenario, it could fall toward this area if another capitulation event takes place.
In conclusion, the sustained upside in the last 24 hours might help the crypto push towards the $2,000 price level in the near future. However, Tom Lee’s Ethereum price prediction may not necessarily be accurate. For context, the potential for a bearish outcome remains elevated based on overall weak demand and elevated market uncertainty.
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