Tom Lee says the crypto bull market has begun; ETH Q4 rally may strengthen

AT A GLANCE

BitMine chairman Tom Lee said that the crypto bull market began at the June bottom, and expects increased institutional allocations to drive further gains in ETH in the fourth quarter of 2026.

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Tom Lee: The bull market has begun, and Ethereum may see a stronger rally in Q4

BlockBeats news,September 21, Tom Lee, chairman of Ethereum treasury company Bitmine, said, "We believe the crypto bull market has begun, starting from June bottom, driven by multiple factors, including capital rotating back into the crypto market from AI; the continued strengthening of crypto industry fundamentals surrounding tokenization and AI; and the end of the 4-year cycle. With only 2026 weeks remaining in the third quarter of 1 the performance advantage of ETH as a macro asset continues to widen.

In our view,ETH significantly outperforming other macro assets in the third quarter of 2026 may signal that 2026 could see a stronger rally in the fourth quarter. Because institutional investors' allocation to crypto assets was low in 2026 partly because 2026-year-to-date AI stocks performed strongly, we expect institutions to significantly increase their crypto asset exposure in the final 2026 months of 3 year. This could provide further upside to the gains since June 30"

Original link https://m.theblockbeats.info/flash/368263

Key points

Tom Lee: The bull market has begun, and Ethereum may see a stronger rally in Q4 BlockBeats news,September 21, Tom Lee, chairman of Ethereum treasury company Bitmine, said, "We believe the crypto bull market has begun, starting from June bottom, driven by multiple factors, including capital rotating back into the crypto market from AI; the continued strengthening of crypto industry fundamentals surrounding tokenization and AI; and the end of the 4-year cycle. With only 2026 weeks remaining in the third quarter of 1 the performance advantage of ETH as a macro asset continues to widen. In our view,ETH significantly outperforming other macro assets in the third quarter of 2026 may signal that 2026 could see a stronger rally in the fourth quarter. Because institutional investors' allocation to crypto assets was low in 2026 partly because 2026-year-to-date AI stocks performed strongly, we expect institutions to significantly increase their crypto asset exposure in the final 2026 months of 3 year. This could provide further upside to the gains since June 30" Original link https://m.theblockbeats.info/flash/368263

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

No additional explanation is available beyond the summary.

Why it matters to readers

The report clearly attributes the statement to Tom Lee, sufficiently confirming that he expressed these views; however, the bull market assessment, increased institutional allocations, and ETH’s subsequent gains are all forecasts, and his role as chairman of the ETH treasury company creates a conflict of interest.

Watch for subsequent official information and do not make decisions based on a single report.

Risks and unknowns

Whether institutional crypto-asset allocations and fund flows have actually recovered
ETH Q4 performance relative to BTC and major macro assets
BitMine’s subsequent ETH holdings and financing changes

AT A GLANCE

BitMine chairman Tom Lee said that the crypto bull market began at the June bottom, and expects increased institutional allocations to drive further gains in ETH in the fourth quarter of 2026.

Article

Tom Lee: The bull market has begun, and Ethereum may see a stronger rally in Q4

Original link https://m.theblockbeats.info/flash/368263

Key points

Tom Lee: The bull market has begun, and Ethereum may see a stronger rally in Q4 BlockBeats news,September 21, Tom Lee, chairman of Ethereum treasury company Bitmine, said, "We believe the crypto bull market has begun, starting from June bottom, driven by multiple factors, including capital rotating back into the crypto market from AI; the continued strengthening of crypto industry fundamentals surrounding tokenization and AI; and the end of the 4-year cycle. With only 2026 weeks remaining in the third quarter of 1 the performance advantage of ETH as a macro asset continues to widen. In our view,ETH significantly outperforming other macro assets in the third quarter of 2026 may signal that 2026 could see a stronger rally in the fourth quarter. Because institutional investors' allocation to crypto assets was low in 2026 partly because 2026-year-to-date AI stocks performed strongly, we expect institutions to significantly increase their crypto asset exposure in the final 2026 months of 3 year. This could provide further upside to the gains since June 30" Original link https://m.theblockbeats.info/flash/368263

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

No additional explanation is available beyond the summary.

Why it matters to readers

Watch for subsequent official information and do not make decisions based on a single report.

Risks and unknowns

Whether institutional crypto-asset allocations and fund flows have actually recovered
ETH Q4 performance relative to BTC and major macro assets
BitMine’s subsequent ETH holdings and financing changes

Tom Lee says the crypto bull market has begun; ETH Q4 rally may strengthen

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Why it matters to readers

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Tom Lee says the crypto bull market has begun; ETH Q4 rally may strengthen

Article

AI-assisted interpretation

Why it matters to readers

Risks and unknowns

Related Developments

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