Will Ethereum Hit $3,000 After Tom Lee’s $1 Billion ETH Stake?

The price of Ethereum edged up by a fraction of a percentage over the past 24 hours to trade at $2,939 as of 1:49 a.m. EST, with trading volume dropping 44% to $7.9 billion.

ETH continues to flirt with the $3,000 zone as major financial institutions bet big on the altcoin king.

Tom Lee’s BitMine Immersion Technologies has intensified its bullish sentiment regarding the price of Ethereum and its ETH strategy, after staking a total of 342,560 ETH, valued at approximately $1 billion.

Tom Lee(@fundstrat) #Bitmin keep moving $ETH in staking.

Over the last 2 days, #Bitmin bet 342,560 $ETH($1 billion). pic.twitter.com/0Y9XBShQzI

– Lookonchain (@lookonchain) December 28, 2025

BitMine is one of the largest digital asset treasury companies, which has set a goal of holding around 5% of Ethereum’s supply. The company currently holds over 4 million ETH tokens, approximately 3.4% of Ethereum’s total supply.

The crypto market is watching some global developments that are likely to shape market sentiment this week, which in turn could affect the price of the second largest crypto by market cap, one being the Zelensky-Trump meeting.

Russian forces hit the Ukrainian capital and key energy facilities with a massive airstrike on the eve of talks between Ukrainian President Zelensky and US President Trump.

🚨 JUST IN: The White House has moved PRESIDENT TRUMP’s meeting with Zelensky to Florida tomorrow at 1 p.m. ET

PRAY FOR PEACE.

Trump wants to end the Russian-Ukrainian war in the New Year! 🇺🇸 pic.twitter.com/3v41Y9dkY7

– Eric Daugherty (@EricLDaugh) December 28, 2025

Sunday’s meeting is expected to take place in Palm Beach, Florida, with the aim of reaching an agreement ending the nearly four-year-old Russian invasion.

Ethereum Price Faces Indecision in Consolidation Zone

THE ETH Price bulls are currently showing indecision after ETH formed a round-top structure earlier in the year, having reached a cycle high near $4,927 before losing momentum.

Following the rejection of this high, Ethereum underwent an extended correction, completing the rounded top pattern and declining sharply towards the $2,700 support zone, which aligns with the 0.786 Fibonacci retracement level.

This support region has since acted as an area of ​​strong demand, keeping Ethereum price action compressed within a sideways consolidation range, while upside attempts have been capped below the $3,300 resistance zone.

ETH remains under bearish pressure after forming a deadly crossover earlier in the decline, with price still trading below the 50-day simple moving average (SMA) ($3,052) and the 200-day SMA ($3,585).

Additionally, the Relative Strength Index (RSI) on the daily timeframe currently sits around 44, having increased slightly from recent lows.

This suggests that momentum is stabilizing but remaining below the neutral 50 level, indicating that ETH price is still trading in a neutral to bearish zone rather than confirmed bullish sentiment.

ETH Price Prediction

According to analysis of the ETH/USD daily chart, the ETH price is currently trading in a consolidation phase following a broader bearish correction.

If the bulls successfully defend the $2,700 support zone and create sustained demand, Ethereum could attempt a relief rally towards the $3,300 resistance, with a higher upside target near $3,550 to $3,585, where the 200-day SMA and 0.5 Fibonacci retracement converge.

However, if the bearish pressure persists and Ethereum price records a decisive daily close below $2,700, the next significant bearish support will be near the $2,200 region, a previous support.

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