Tom Lee Predicts Ethereum’s Potential 100x Gain Following Bitcoin Path

Thomas Jong Lee, known as "Tom" Lee, highlighted a pattern between Ethereum and Bitcoin. He observed that Ethereum's price movement mirrors Bitcoin's past trajectory, suggesting the potential for significant gains.

Ethereum's Performance Compared to Bitcoin

Lee, executive chair of BitMine, believes Ethereum is on a similar path to Bitcoin, which saw a 100x increase since 2017.
When recommended in 2017, Bitcoin was priced at approximately $1,000 and has experienced several declines but remains significantly higher today.
Bitcoin currently trades at $95,593.98, with a minimal 24-hour dip of 0.41%.
Ethereum lags behind Bitcoin this year; while Bitcoin hit an ATH above $126,000, Ethereum's ATH was $4,946 back in August.
Ethereum's current market price is $3,185.26, showing a 0.9% decline over 24 hours.

Increase in Ethereum Treasury Firms

The number of Ethereum treasury firms is rising. BitMine Immersion Technologies holds 3,505,723 ETH, representing 2.9% of Ethereum’s circulating supply.
BTCS has also aggressively accumulated Ethereum, boosting its financial standing with a net income of $65.59 million driven by $73.72 million in unrealized gains.