# Tom Lee Says Ether’s Pullback Has Been Shallower Than Chip Stocks’

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/42172
Published: 2026-10-28T00:39:49.000Z
Updated: 2026-10-28T00:39:49.000Z
Section: Business

> Lee compared Ether’s 13% decline from its recent peak with a 20% drop in U.S. semiconductor stocks over the same period.

Bitmine Immersion Technologies Chairman Thomas “Tom” Lee said Ether (ETH) has fallen less than U.S. semiconductor stocks during the latest market pullback, which he linked to broader risk-off pressure.

Lee put Ether’s decline from its recent peak at 13%, compared with a 20% drop in U.S. semiconductor stocks (SOXX) over the same period. He also described crypto pullbacks as shallower than those in late 2025 and early 2026, calling that pattern evidence that a bull market was underway.