Ethereum is trading at just under $1,580 after falling about 6% over the past week. Despite the price weakness, Bitmine Chairman Tom Lee believes that the decline stems from quarter-end positioning and not changing the company’s Ethereum prediction.
Lee said in his recent interview that the recent weakness resembles classic quarter-end window dressing. According to him, fund managers often trim underperforming assets before reporting periods to improve portfolio appearances. He believes that process, rather than deteriorating fundamentals, has weighed on Ethereum in recent weeks.
Bitmine reinforced that view by maintaining its large Ethereum position instead of reducing exposure. SharpLink Gaming also accumulated ETH during the decline, showing that some institutional investors viewed the selloff as a buying opportunity.
Ethereum is down 22% over the past month, slightly underperforming Bitcoin during the same period. Whether that weakness was driven mainly by quarter-end flows or reflects a deeper trend will likely become clearer as third-quarter trading gets underway.
Ethereum Price Prediction: Reclaim $1,800 and Trigger a Q3 Recovery?
Ethereum is testing a key resistance zone between $1,600 and $1,610, where recent rallies have repeatedly lost momentum. A daily close above $1,610 would strengthen the recovery and could send ETH toward $1,700. If buying pressure accelerates, $1,800 becomes the next upside target.
Initial support sits near $1,560, which has attracted buyers during recent pullbacks. If that level breaks, ETH could revisit $1,500, while $1,450 marks the next major demand zone. A sustained move below $1,500 would weaken the current bullish outlook. The most likely scenario is continued consolidation after quarter-end positioning eases. ETH may trade between $1,560 and $1,610 before making a decisive move. A breakout above resistance would favor buyers, while losing support could shift momentum back to sellers.
Meanwhile, Tom Lee continues to view Ethereum as undervalued over the long term. He has projected potential targets between $7,000 and $9,000, with higher valuations tied to tokenization and stablecoin adoption. Those projections remain speculative, although institutional accumulation continues to support the long-term thesis.
LiquidChain Targets Early Mover Upside as Ethereum Tests Key Levels
ETH’s choppy price action into Q3 highlights a persistent structural problem: liquidity fragmentation across Bitcoin, Ethereum, and Solana ecosystems means capital gets stranded at the chain level, and cross-chain execution remains clunky. That friction is exactly the problem a presale-stage L3 project is being built to eliminate.
Given ETH’s near-term technical uncertainty, some rotation toward earlier-stage infrastructure plays with asymmetric upside is worth examining.
LiquidChain is a Layer 3 infrastructure project positioning itself as a unified cross-chain liquidity layer, fusing BTC, ETH, and SOL liquidity into a single execution environment. The architecture centers on four components: a Unified Liquidity Layer, Single-Step Execution, Verifiable Settlement, and a Deploy-Once Architecture that lets developers build once and access all three ecosystems.
The presale is currently priced at $0.01475 with $880K raised to date. That’s a meaningful early-stage figure, but still well below a $1M threshold that typically signals institutional attention at the seed level. If the cross-chain thesis plays out as ETH and SOL ecosystems deepen their institutional footprint, an L3 aggregation layer captures value at the infrastructure level regardless of which chain wins individual market share.
