Ethereum Price Surges 29%, Tom Lee Predicts $10,000 Target Within Two Years

Ethereum's price has surged by 29.3% over the past seven days, outperforming Bitcoin's 21.4% weekly advance.

Fundstrat co-founder Tom Lee believes that this marks the beginning of Ethereum's rotation and predicts a potential price target of $10,000 within two years.

According to Lee, the conditions supporting an ETH rotation have developed over almost a decade, with tokenization, stablecoins, and artificial intelligence applications strengthening Ethereum's role as a financial settlement network.

The increase in Ethereum's price is reflected in its ratio against Bitcoin, which has risen from 0.02994 to 0.0318.