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The price of Ethereum has fallen more than 1% over the past 24 hours, trading at $2,927 as of 1:30 a.m. ET, with trading volume down 6% to $14.8 billion.
This comes as Fundstrat’s Tom Lee said the Ethereum price is poised for a rebound, predicting that the price of ETH could soar to the $20,000 level in the long-term and surge to between $7,000 and $9,000 in early 2026.
The prediction comes amid ongoing discussions about a potential supercycle in the cryptocurrency industry, but Lee cautioned against overusing the term.
“I don’t want to overuse the word supercycle,” Lee said.
TOM LEE predicts Bitcoin $200,000 and Ethereum $7,000-$9,000 by 2026.
Tom Lee said he expects Ethereum to reach between $7,000 and $9,000 in early 2026 and Bitcoin to reach $200,000 in the same year, with Ethereum potentially rising to $20,000 over time. he is… pic.twitter.com/z21nlo3YW5
— Cryptocurrency Town Hall (@Crypto_TownHall) December 27, 2025
Meanwhile, prices were still down 2% last week.
This decline also trickled down to the spot Ethereum exchange-traded fund (ETF). After recording large inflows on Monday, the spot ETH ETF recorded its third consecutive session of outflows as Ethereum fell.
Could Tom Lee’s prediction come true? Or is Ethereum poised to continue its decline?
Ethereum price is undecided within the consolidation zone.
that ETH price Bulls are in a state of indecision after the asset formed a rounded top pattern after hitting an all-time high of around $4,940 in August.
After touching the ATH, the Ethereum price corrected and completed a rounded top to fall to 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 in late November.
ETH is under bearish pressure after forming a dead cross near $3,555 and is still trading below its 50-day and 200-day simple moving averages (SMAs).
Moreover, the Relative Strength Index (RSI) appears to be rising above the 40 equilibrium level (currently 43), indicating that ETH price is still in the neutral zone.
Analysis of the ETH/USD chart on daily time frames shows that ETH price is currently trading within a sideways pattern.
If bulls use the current area as a demand area, Ethereum could surge 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 buffer against downward pressure would be the mid-$2,200 support zone.
Ali Martinez, a cryptocurrency analyst with over 164,000 followers on
$1,700 seems like a good place to buy Ethereum. $ETH! pic.twitter.com/JHiQ7Y8TqL
— Ali Charts (@alicharts) December 26, 2025
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