Ethereum Predicted to Trade Above $10,000 by Tom Lee

Tom Lee, Co-Founder and Head of Research at Fundstrat Global Advisors, believes Ethereum (ETH) could surpass $10,000 in value within the next 12 months. In a discussion at Korea Blockchain Week, he stated that while he is uncertain if ETH will reach this target by year-end, it will certainly trade above $10,000 in the next 12 months.

Lee also predicted that accelerating crypto treasury purchases and potential institutional allocation could fuel one of the larger crypto cycles yet. He pointed out that most institutions still have little or no crypto exposure, setting up what he called a 'huge rotation' in the fourth quarter.

Ethereum remains dominant in tokenization, Lee argued, with major firms such as JPMorgan and BlackRock building largely on Ethereum. To illustrate the potential upside, he noted that if Ethereum were to rise 25-fold from its previous cycle, it could theoretically reach around $62,000.