Bitmine Chairman Tom Lee, speaking at Consensus in Hong Kong, highlighted Ethereum's resilience, noting it has experienced eight declines of over 50% since 2018, each followed by a V-shaped recovery. Lee emphasized that a broader crypto market recovery would likely require Bitcoin to lead, contingent on a weakening gold market. He suggested that Ethereum is nearing a cyclical bottom, advising investors to focus on potential opportunities rather than timing the exact bottom.