Ethereum (ETH) Rebound Expected in 6–8 Weeks After Thanksgiving, Bitmine Chairman Tom Lee Warns of Short-Term Market-Maker Gaps
ETH/USDT
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$2,145.26 / $2,009.54
Change: $135.72 (6.75%)
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COINOTAG News (Nov 16) reports that Tom Lee, chairman of Bitmine and a longstanding Ethereum advocate, answered questions on market recovery. He indicated a possible window of 6–8 weeks after Thanksgiving (Nov 27) for relief if conditions stabilize.
Lee cited weakness in the crypto market, noting that one to two market makers show gaps as “sharks” target liquidations and a potential Bitcoin sell-off. He called the pain short-term and said ETH’s longer-run supercycle should endure, barring an unexpected systemic shift. He also warned against using leverage in this environment to avoid liquidations.
For investors, the takeaway is tighter risk controls and disciplined liquidity management, with careful exposure management until liquidity conditions improve.