Tom Lee Bought $281 Million in Ethereum Crypto: Does He Know Something We Don’t? Will ETH Hit A New High?

Tom Lee and his Ethereum bet is back in the headlines this time on reports of a fresh $281 million buy that has crypto traders asking what he sees next for ETH.

Tom Lee’s BitMine Immersion reportedly bought 72,898 ether, worth about $281 million, within the last 24 hours.

BREAKING: Tom Lee’s Bitmine Immersion just bought $281 million worth of Ethereum. pic.twitter.com/sdzhLhj9N5

— Ash Crypto (@Ashcryptoreal) October 18, 2025

BitMine’s Ethereum holdings have risen to 3.03 million ETH, about 2.5% of the total circulating supply, after adding roughly 202,000 tokens since Oct. 6.

BitMine provided its latest holdings update for Oct 13, 2025:

$12.9 billion in total crypto + “moonshots”:

– 3,032,188 ETH at $4,154 per ETH (Bloomberg)
– 192 Bitcoin (BTC)
– $135 million stake in Eightco Holdings (NASDAQ: ORBS) (“moonshots”) and
– unencumbered…

— Bitmine (NYSE-BMNR) $ETH (@BitMNR) October 13, 2025

Analysts noted there are no visible transaction hashes, wallet addresses, or regulatory filings to verify the purchase. BitMine has not commented publicly on the claim.

According to Coingecko data, Ether traded around $3,830 to $3,870 on Friday, posting slight daily gains of +0.8% yet still below its early-October highs.

Tom Lee and his Ethereum bet is back in the headlines this time on reports of a fresh $281 million buy. Will ETH reverse here?

(Source: Coingecko)

The token remains under pressure after last week’s sharp correction, when the Oct. 10–11 liquidation wave, the largest in crypto’s history, briefly pushed prices into the mid-$3,400s.

Market observers say investors such as Lee appear to be accumulating during weakness, wagering that Ethereum’s long-term fundamentals will outweigh short-term swings.

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What Does the $4,400–$4,800 Liquidity Zone Mean for Ethereum’s Next Move?

Crypto analyst Ted says Ethereum’s next move depends on how it reacts to a large liquidity cluster between $4,400 and $4,800.

There is a massive liquidity cluster for $ETH around the $4,400-$4,800 level.

If the US-China trade deal happens, Ethereum could tap this liquidity reason.

Otherwise, it’ll drop towards the $3,200-$3,400 level before reversal. pic.twitter.com/z2RiHuGM8s

— Ted (@TedPillows) October 18, 2025

The chart shows heavy sell orders stacked in that range, a sign that many traders are preparing to exit or short near those levels.

Tom Lee and his Ethereum bet is back in the headlines this time on reports of a fresh $281 million buy. Will ETH reverse here?

(Source: X)

Ethereum’s rebound from below $3,600 lost strength around the mid-$4,000 zone. The chart shows a possible double top forming near $4,600, followed by a pullback.

On the downside, new liquidity has started to build around $3,200-$3,400, pointing to strong buying interest if prices fall again.

Ted said that if a US-China trade deal goes through, Ethereum could reach the upper band near $4,800 as shorts start closing.

But if market sentiment weakens, ETH may slip back toward lower support before finding a base.

Right now, Ethereum sits between two major liquidity zones, one above, one belo,w and whichever breaks first could set the tone for the next big move.

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Ethereum Price Prediction: Is ETH’s Current Correction Setting Up a Double Bottom Around $3,300?

Crypto analyst Crypto Tony shared a cautious but hopeful view on Ethereum (ETH) in his latest market update on X.

$ETH / $USD – Update

This is what i am looking for on Ethereum as best case scenario. Another test of the lows and double bottom. From the highs we are seeing a corrective move instead

The macro outlook tells me we are in the middle of a corrective macro move. pic.twitter.com/dVqYIL9kNs

— Crypto Tony (@CryptoTony__) October 18, 2025

His chart shows that ETH is likely in a corrective phase, not a full trend reversal.

According to his Elliott Wave analysis, Ethereum is moving within a W–X–Y corrective structure, often seen before a recovery phase.

Tom Lee and his Ethereum bet is back in the headlines this time on reports of a fresh $281 million buy. Will ETH reverse here?

(Source: X)

The coin is currently trading near $3,870, and Tony expects another test of the $3,300–$3,400 range, a zone that could mark the formation of a double bottom, a classic signal of seller exhaustion and potential reversal.

He noted that this projected wave (b) low fits within the ongoing correction, hinting at one final dip before a rebound.

His chart outlines a potential move toward $5,000 by late Q4 2025 or early 2026 once Ethereum builds a base at lower levels.

The analyst added that the broader structure remains “corrective but stable,” suggesting that the recent weakness may be part of a larger bullish cycle still intact.

If buyers return around support, he believes ETH could soon shift back into recovery mode.