Ethereum Price Target Hits Quarter Million

Tom Lee, Chairman of BitMine, believes Ethereum could reach a price of $250,000 per token in the long term. He cites the transition to Ethereum 2.0 as a key phase, similar to Amazon and Nvidia's past growth. This upgrade will enable Ethereum to become 'productive money' in an AI-driven economy, serving as a global settlement layer and trust platform for autonomous AI transactions.

BitMine holds 5.74 million ETH, about 4.8% of the supply, supporting this outlook with institutional investments and validator networks. Near-term technical analysis suggests ETH could rise to around $2,200 soon, marking early steps toward Lee's larger vision.