At the Paris Blockchain Week 2026, Bitmine Chairman Tom Lee predicted the end of the current "mini crypto winter," suggesting that risk assets have bottomed out amid geopolitical tensions. Lee highlighted Ethereum's potential to break out of its consolidation phase, driven by tokenization trends and on-chain AI applications, forecasting ETH could reach $60,000 if market conditions align. He also noted the U.S. stock market's recovery as a positive signal for risk assets, describing the current crypto correction as a "non-synchronized bear market cycle" with equities. Ethereum has fallen 43% from its October 2025 peak, remaining volatile.