The Ethereum price fell more than 1% over the past 24 hours, trading at $2,927 at 1:30 a.m. EST, with trading volume down 6% to $14.8 billion.
This comes as Fundstrat’s Tom Lee says Ethereum’s price is heading for a rally, predicting that ETH’s price could rise to between $7,000 and $9,000 in early 2026, while rising to the $20,000 level in the long term.
These predictions come amid discussions about a potential supercycle in the crypto space, although Lee cautions against overuse of the term.
“I don’t want to overuse the word supercycle,” Lee said.
TOM LEE PREDICTS $200,000 BITCOIN AND $7,000-$9,000 ETHEREUM BY 2026
Tom Lee said he expects Ethereum to rise between $7,000 and $9,000 in early 2026 and Bitcoin to reach $200,000 that same year, while Ethereum may rise to $20,000 over time. He added that while the… pic.twitter.com/z21nlo3YW5
— Crypto Town Hall (@Crypto_TownHall) December 27, 2025
Meanwhile, the price is still down 2% over the past week.
This decline has also reached the Ethereum Exchange Traded Funds (ETFs). After recording massive inflows on Monday, spot ETH ETFs have since recorded three consecutive outflows as Ethereum falls.
Can Tom Lee’s prediction come true, or is Ethereum set for a continued decline?
Ethereum price faces indecision within a consolidation zone
The ETH price Bulls are in a period of indecision after the asset formed a rounded top pattern after hitting an all-time high of around $4,940 in August.
After reaching its ATH, Ethereum price underwent a correction, completing the rounded top and dropping towards the $2,700 support area.
This support area has since acted strongly to keep ETH trading price within a sideways pattern, limited by the $3,300 resistance from late November.
ETH remains under bearish pressure after forming a death cross around $3,555 and continues to trade below both the 50-day and 200-day Simple Moving Averages (SMAs).
Furthermore, the Relative Strength Index (RSI) is currently moving above the 40 equilibrium levels, currently at 43, and appears to be rising, which is an indication that the price of ETH is still in a neutral zone.
According to the ETH/USD chart analysis on the daily time frame, ETH price is currently trading within a sideways consolidation pattern.
If the bulls use the current area as a demand zone, Ethereum could rise towards the $3,400 resistance area, with a long-term target of around $3,584 within the 200-day SMA.
However, if the bears continue to apply pressure and close below the $2,700 support, the next possible cushion against the downside pressure is around the mid-year $2,200 support zone.
Crypto analyst Ali Martinez, with over 164,000 followers on
$1,700 seems like a great place to buy Ethereum $ETH! pic.twitter.com/JHiQ7Y8TqL
— Ali Charts (@alicharts) December 26, 2025
Related news:
Best Wallet – Diversify Your Crypto Portfolio
- Easy-to-use, feature-driven crypto wallet
- Get early access to upcoming token ICOs
- Multi-chain, multi-wallet, non-custodial
- Now in the App Store, Google Play
- Stake to earn native token $BEST
- 250,000+ monthly active users
#Ethereum #drops #Tom #Lee #predicts #rally