TechFlow news, July 13, according to CoinPost, Fundstrat Co-Founder and Bitmine Chairman Tom Lee stated in a special keynote speech at WebX 2026 that Ethereum is on the eve of a "Chapter 2" breakout. He pointed out that this year's crypto market pressure stems from four headwinds: Federal Reserve policy pivot, uncertain prospects of the U.S. Clarity Act, AI attracting large amounts of venture capital (accounting for 86% of U.S. VC investment), and sluggish stock prices in the financial sector.
Technically, Tom DeMark's analysis shows ETH price trends are highly correlated with the 1987 S&P 500 (correlation reaching 89.81%), with a rebound expected in August; if the $1,846-$1,876 resistance level is broken, the next target price is $2,200 (approximately 30% increase from the current ~$1,700).
Strategically, Bitmine achieved 95% of its 5% holding target within just 12 months of establishment, currently holding 5.76 million ETH (4.8% of total supply), of which approximately 85% has been staked; its staking business MAVAN has become the world's largest single staking operator, with assets under management reaching $13-14 billion. Tom Lee also warned that AI wealth accumulation may threaten human economic autonomy, and blockchain is the best defense against AI control.
