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Ether seen as weak now but crypto bull market just starting, says Bitmine's Tom Lee.

Market News
11 Nov 2026, 06:26 WIB
Tokenpost
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Bullish
Ether seen as weak now but crypto bull market just starting, says Bitmine's Tom Lee.

Tom Lee, Chairman of Bitmine, stated that Ether (ETH) currently appears weak due to market impatience, but he believes the broader cryptocurrency bull market is only beginning. He highlighted the progress in tokenization during 2026, noting that most tokenized assets are built on the Ethereum platform. Lee also referenced Ethereum founder Vitalik Buterin's renewed focus on Ether as a store of value. Additionally, Lee mentioned that the artificial intelligence (AI) sector has not yet absorbed all new investment capital, supporting a bullish outlook for the crypto market over the next two to three years.

Ethereum (ETH) trades at Rp37.381.895 on Pluang as of Nov 11, 2026 11:42 WIB, showing a 1-day decline of 2.56%. Despite this short-term weakness, the platform records a nearly balanced order activity with 49% Sell and 51% Buy, and investors typically hold ETH for about 109 days. This trading behavior aligns with Tom Lee's view that the broader crypto bull market is just beginning, even as Ether faces some pressure.

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