TLDR
- Ethereum plunged 7% to $4,313 during Tuesday’s crypto market selloff before rebounding above $4,430
- Fundstrat’s Tom Lee accurately called the ETH bottom, predicting recovery within hours
- BitMine purchased 4,871 ETH worth $21.3 million during the dip, expanding holdings to 1.72 million tokens
- The treasury company now controls 40% of all corporate Ethereum holdings valued at $7.5 billion
- September 2025 price forecasts range from $4,767 to $5,817 despite recent market volatility
Ethereum experienced a sharp decline during Tuesday’s crypto market crash, falling over 7% to reach $4,313 on major exchanges. The drop came after the cryptocurrency had recently achieved new 2025 highs above $4,950.
The selloff was part of a broader crypto market correction that saw $200 billion in liquidations across digital assets. Ethereum’s decline represented an 11% pullback from its recent all-time high levels.
Fundstrat Global Advisors managing partner Tom Lee made a precise market call during the downturn. He predicted Ethereum would bottom out within hours via social media at 1 AM UTC Tuesday.
Lee’s timing proved accurate as Ethereum began recovering shortly after his statement. The cryptocurrency quickly regained ground and traded back above $4,430 levels.
Corporate Buyers Step In During Dip
BitMine Immersion Technologies capitalized on the price decline with a large purchase. The company bought 4,871 ETH valued at $21.3 million during Tuesday’s market weakness.
This acquisition brought BitMine’s total Ethereum position to 1.72 million tokens. The holdings are currently worth approximately $7.5 billion at prevailing market rates.
BitMine reported on Monday that its combined crypto and cash assets had grown by $2.2 billion to $8.8 billion. The firm added over 190,500 tokens during the previous week across its portfolio.
The company’s crypto plus cash net asset value per share increased to $39.84. This represents substantial growth from the $22.84 level recorded in late July.
BitMine now dominates the corporate Ethereum treasury space with a 40% market share. The total amount of ETH held by corporate entities stands at 4.3 million tokens according to tracking data.
Ethereum Price Prediction
Mark Newton, managing director of technical strategy at Fundstrat, described Ethereum as offering “very good risk/reward” at current price levels. He expressed skepticism that the cryptocurrency would break below last week’s lows.
Newton’s analysis projects Ethereum should stabilize near $4,300 before pushing toward new highs. His target range extends from $5,100 up to $5,450 assuming the support level holds.
The futures market saw heavy liquidations during the price decline. Ethereum futures liquidations totaled $320.30 million over 24 hours, with long positions accounting for $283.21 million of the total.
September 2025 price predictions from forecasting services remain bullish despite recent volatility. CoinCodex projects potential gains to $5,817 with trading ranges between $4,825 and $6,978. Changelly offers more conservative estimates with a mean prediction of $5,097 and a floor of $4,767 for September 2025.
