Ethereum Updates Today: The Supercycle Potential and Skeptics' Concerns

Tom Lee, who serves as executive chairman at

Technologies and is a veteran crypto analyst, has reignited discussion about Ethereum's (ETH) future, claiming that the asset is entering a "supercycle" similar to Bitcoin's, despite recent market instability. In a post on X dated Nov. 16, Lee to Bitcoin’s (BTC) remarkable 100-fold surge since his 2017 calls, stressing that price swings are a natural part of crypto’s journey toward widespread use.

Lee’s argument is based on the observation that Bitcoin’s eight-year rise—characterized by six corrections over 50% and three exceeding 75%—

through repeated downturns. He maintains that Ethereum’s long-term outlook is strong, even though short-term disruptions from pressured market makers and large holders liquidating positions create volatility . “The climb won’t be smooth,” Lee cautioned, advising investors to steer clear of leverage during periods of uncertain liquidity .

Nonetheless, some remain skeptical about Ethereum’s distinct advantages. A well-known

supporter called "The Bitcoin Therapist" , posing the question, “What does provide that isn’t already offered by hundreds of other tokens?” Critics argue that Ethereum’s leading market position doesn’t guarantee a sustainable edge over competing blockchains or the growing involvement of traditional finance in crypto .

Despite these criticisms, Lee’s positive outlook is consistent with broader industry patterns. Institutional interest in

and Bitcoin is on the rise, with Harvard University’s endowment to BlackRock’s IBIT ETF. At the same time, MicroStrategy’s Michael Saylor $13 trillion market value by 2035, citing its limited supply and increasing institutional adoption.

The conversation around Ethereum’s supercycle is further contextualized by Bitcoin’s recent challenges. Following a sharp drop on Oct. 10, 2025, Bitcoin’s open interest fell from $220 billion to $140 billion, though

by mid-2026 if broader economic conditions get better. Lee’s claim that Ethereum’s supercycle mirrors Bitcoin’s is also supported by on-chain indicators: Ethereum’s Layer-2 solutions and institutional applications are growing, which could strengthen its position as a foundation for decentralized finance .

As the crypto sector navigates ongoing volatility, Lee’s message of patience reflects a common industry view. “This hardship won’t last,” he stated, reiterating that Wall Street’s increasing use of blockchain technology could secure Ethereum’s importance in the long run

.