Ethereum Prices May Soar to $6,000 If Bitcoin Hits $150,000
Tom Lee, co-founder and head of research at Fundstrat Global Advisors, believes Ethereum (ETH) is 'vastly undervalued' despite its recent price increase. Speaking on the Milk Road Show, Lee said that Ethereum's move from around $1,900 to $2,500 was not just a short squeeze, but rather a 'course correction.'
Lee notes that major financial institutions are building tokenized products and stablecoins are expanding, while AI agents are creating new use cases for crypto rails. He sees this as an opportunity for Ethereum to capture the future growth of the financial system.
According to Lee, Ethereum's price could reach $6,000 if Bitcoin (BTC) reaches $150,000, which would put the ETH/BTC ratio at 0.04. This is based on his view that tokenization and AI agents will drive the next major leg higher for Ethereum.
Lee also backed Robinhood Markets Inc. CEO Vlad Tenev's call for a 'tokenization supercycle', where financial markets are upgraded by means of tokenized assets, making them faster, cheaper, and more programmable.