Tom Lee: Ethereum's 7 Past 60% Pullbacks All Led to V-Shaped Recoveries

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Release Time: 02/08/2026 16:30:43

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Summary

Ethereum news broke on February 9 as Tom Lee, chairman of BitMine, told CNBC that Ethereum has seen seven 60%+ pullbacks in the past eight years, all followed by V-shaped recoveries. He pointed to MicroStrategy's 25% rebound as a recent example, suggesting altcoins to watch could follow a similar pattern if the market is now bottoming.

BlockBeats news, on February 9, Tom Lee, chairman of Ethereum treasury company BitMine, said in an interview with CNBC, "In just the past eight years, Ethereum has experienced seven corrections of more than 60%. The good news is that all seven times have seen a V-shaped rebound. That is, a waterfall-like drop first occurs, followed by a rapid recovery.

If the crypto market is now forming a bottom, which seems possible given the current signs, especially considering MicroStrategy's rebound of about 25%, then historical experience shows that such recoveries often take a V-shaped pattern. In other words, how fast we fell often translates to a recovery at a similar speed.

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