Tom Lee from Fundstrat Global Advisors predicts that Ether (ETH) will hit its bottom soon, specifically within the next few hours, amidst a recent dip in the crypto market. This prediction aligns with BitMine's acquisition of an additional 4,871 ETH for approximately $21 million, raising its total holdings to 1.72 million ETH, valued around $7.5 billion. Lee expressed his forecast via social media, stating that ETH should bottom out around $4,300 before potentially climbing back above $5,100. The crypto market has faced downward pressure, largely due to Bitcoin's recent decline, which affected Ether, seeing its value dip over 7% to a low of $4,313. Lee’s insights were bolstered by Mark Newton of Global Advisors, who commented on the favorable risk/reward situation for ETH. BitMine's proactive approach in increasing its treasury highlights its significant presence in the market, holding a 40% share of corporate Ethereum holdings.

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