Tom Lee expects Ether to stage another V-shaped recovery after sharp 2026 declines

At a conference in Hong Kong on Wednesday, Fundstrat head of research Tom Lee said Ether is nearing a market bottom and predicted another rapid V-shaped rebound similar to past cycles. He pointed to eight prior drawdowns of more than 50% since 2018, all followed by swift recoveries, while on-chain data shows record-high staking queues and over 30% of ETH supply locked, despite prices sliding to $1,760 this month.