On September 3, COINOTAG News covered BitMine Chairman Tom Lee noting in the company’s “Chairman’s Address” video that he consulted in-house fund analyst Mark Newton for a detailed technical analysis of Ethereum. The attribution highlights BitMine’s reliance on internal research to inform its market commentary and investor-facing communications.
In the presentation, Newton outlined model-driven scenarios for the ETH price, citing a near-term benchmark near $5,500 in September and a potential trajectory toward $9,000 by January, explicitly presented as analyst projections. His view was described in terms of momentum indicators and trendline analysis; market participants are advised to treat these forecasts as scenario-based inputs within established risk-management and liquidity parameters.