Tom Lee: Why I’m Not Panicking About ETH’s Current Price

Odaily reported on July 13, in Tokyo, at the WebX 2026 hosted by Coinpost, Bitmine Chairman Tom Lee delivered a speech titled "Ethereum: The Antidote to the Financial Valley of Fear." He stated that at the macro level in 2026, the most notable factors include U.S. monetary policy, the Clarity Act, AI FOMO and the capital it drains, and the particularly sluggish performance of the financial sector across all industries. Comparing the price trends of ETH and the S&P 500, Ethereum’s current phase closely mirrors the U.S. stock market after 1987, positioning it near the bottom and poised for an upward move.

Tom Lee also reviewed the price elasticity of ETH in different historical phases, arguing that many investors are merely afraid of "low prices" while overlooking true value—Wall Street likes Ethereum (institutional adoption). Recently, another major event in the Ethereum ecosystem has been the launch of Robinhood Chain and the corresponding dramatic spike in ETH gas consumption.