Cryptocurrency analyst and trader Ali Martinez shared data that shows that if history is any guide, the second-largest cryptocurrency, Ethereum, has the potential for a bullish breakout.
Ali believes Ethereum’s recent rally is no coincidence. Meanwhile, Tom Lee’s Bitmine continues to accumulate this asset, and another top influencer, Robert Kiyosaki, recently made a super bullish price prediction for Ethereum.
MVRV ratio falls, pushing Ethereum into buy zone
Martinez pointed out that the MVRV ratio falling below the 0.8 level means that Ethereum is undervalued and has entered an area historically known as the “generational buy zone.” Historically, retests like the one demonstrated when Ethereum rallied from $1,80 to $2,000 have led to major bull runs in the past, the analyst said.
The analyst showed a Glassnode chart to support his statement. Historically, the chart shows that after Ethereum hit bottoms in 2018, 2020, and 2022, these moves were followed by rallies of between 149% and 587%. Ethereum rebounded 7% on Monday, reaching $2,186. At the time of writing this article, $ETH Switching trade at $2,152.
On-chain data suggests that the recent pullback from $1,800 was no fluke. MVRV Ratio — helps identify when Ethereum $ETH is “undervalued” and has recently fallen below 0.8.
Historically, this has been a “generational buying” zone. We saw a similar reset before the big bull market started… https://t.co/BDiUteQrYS pic.twitter.com/h0XkJzsf0P
— Ali Charts (@alicharts) March 23, 2026
Tom Lee’s Bitmine plans to buy 5% of Ethereum supply
According to data shared by Arkham Research, Tom Lee and the financial company he runs as chairman, Bitmine, have amassed a whopping $140.74 million in the past seven days.
The company currently holds a total of $10.03 billion worth of Ethereum. Compared to Bitmine, Sailors Strategy bought just $75 million in Bitcoin this week, purchasing 1,031 BTC for about $76.6 million, Arkam continued.
Tom Lee Just Announced $140.74 Million Acquisition $ETH In the past week – Currently holding $10.03 billion $ETH. By contrast, Saylor bought just $75 million this week.
They also bet $200 million $ETH. Bitmine currently owns 3.86%. $ETH. They only need to purchase another $359 million. $ETH To reach 4%. They are…
— Arkham (@arkham) March 24, 2026
They currently hold 762,099 Bitcoins worth $54,080,861,820. Saylor’s ambitious goal is to acquire a total of 1 million Bitcoins, and Arkham says Tom Lee intends to accumulate 5% of the circulating Ethereum supply. So far, Bitmine holds 3.86% of all Ethereum in circulation. To retain 4% of supply, it would need to earn an additional $359 million. $ETH. This year, it is expected to be completed by mid-April.
