Tom Lee sees Ethereum at $5,000 by 2026, but BitMine buying limit nears

Ethereum could experience a significant price surge before the end of 2026, projects Tom Lee, co-founder of Fundstrat and Chairman of BitMine Immersion Technologies. Lee expects ETH to trade above $5,000, despite the cryptocurrency’s recent dip toward $2,300. Lee’s prediction suggests a 112% rise from Ethereum’s level of $2,362.73 as of October 15. If Bitcoin were to reach $100,000, Lee believes ETH could potentially accelerate further to the $7,500 mark. These forecasts, outlined during the TOKEN2049 conference in Singapore, are rooted in the increasing adoption of blockchain by established financial institutions.

Source: CoinTurk News