Ethereum received another bullish outlook from Tom Lee at Binance Blockchain Week. The Fundstrat co-founder said Bitcoin will reach a $300,000 peak in 2026, a scenario he believes would open the door for a much larger move in Ethereum, with a price that could climb above $20,000 next year.
Lee argued that Wall Street is moving toward tokenization and that most of that activity is happening on the Ethereum network, which captures more than 70% of RWA value across layer 2s and EVM platforms.
Lee noted that ETH was trapped in a range for five years and has begun to break out, which supports the start of an expansion phase. He also stated that a 0.25 ratio versus BTC would imply a theoretical price near $62,000, leaving ETH at $3,000 in what he considers undervalued territory. Meanwhile, BitMine accelerated its purchases and added 41,946 ETH for $131 million, bringing its weekly total to more than $350 million, according to Lookonchain.
Analyst Sykodelic said the daily RSI pattern favors a push toward $4,300. ETH trades near $3,100 after failing to break $3,200, but it holds a 13% gain over the past two weeks and is forming a W-shaped base.
Source: https://x.com/TomLeeTracker/status/1996698458556903932
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