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Tom Lee Predicts Ethereum Price Could Hit $12,000 Soon
Tom Lee's Ethereum Price Predictions
- Tom Lee predicts Ethereum's price could rise to $12,000 if the ETH/BTC ratio returns to its eight-year average of 0.0479.
- If the ETH/BTC ratio reaches its 2021 high of 0.0873, Ethereum's price could hit $22,000.
- Lee suggests the ETH/BTC ratio might climb to 0.2500, potentially increasing Ethereum's price to $62,500.
- Currently, Ethereum is valued at around $3,000, which Lee considers "undervalued."
Market Commentary
- Milk Road describes Lee’s prediction of Ethereum reaching $62,000 as ambitious, noting the highest historical ETH/BTC ratio was 0.15.
- The prediction assumes Bitcoin will surge to $250,000, a 177% increase from current prices.
- Historically, such a surge happened in 2020 but not during recent Bitcoin ETF launches.
At present, Ethereum trades at approximately $3,000, down over 4% in the past 24 hours according to CoinMarketCap data.
