According to the source, Tom Lee of Fundstrat Global Advisors said Ethereum (ETH) could experience a 100x supercycle, and the source also reports that BitMine increased its ETH exposure. For trading, this source-reported narrative puts immediate focus on ETH/BTC relative strength to confirm rotation into ETH, with validation via exchange price data from TradingView and major venues such as Binance and Coinbase (source: exchange market data providers). Derivatives confirmation should include rising open interest with stable to mildly positive funding rates on Binance and Bybit, plus a tightening 25-delta options skew on Deribit to indicate call-side demand rather than purely short squeeze dynamics (source: derivatives dashboards from Binance, Bybit, Deribit). Spot accumulation can be cross-checked via net exchange flows and staking deposit trends on Etherscan and staking dashboards to verify whether BitMine-like accumulation is broadening beyond a single actor (source: on-chain data providers such as Etherscan). Risk management should account for volatility expansion if positioning crowds; traders can map liquidation clusters and top-heavy OI to anticipate wick risk around recent swing highs and key round numbers in ETH and the ETH/BTC pair (source: derivatives analytics from exchange OI and liquidation trackers).