Tom Lee Sees $10K ETH Target as Rotation Takes Shape

Ethereum's recent price surge has been attributed to the start of rotation into ETH by Fundstart's Tom Lee. This rotation setup has been nearly a decade in the making, according to Lee.

Lee believes that Ethereum could easily reach $10,000 within the next one or two years, based on its potential to become the settlement layer of the future. He also thinks that a properly designed decentralized application (DAT) will outperform the underlying asset.

Lee's thesis is based on the idea that Ethereum remains significantly undervalued relative to Bitcoin and could regain its historical valuation relationship with it.