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Over the next few years, the price of Ethereum may exceed $62,000, stated Tom Lee, co-founder of Fundstrat Global Advisors and chairman of BitMine Immersion Technologies.
He emphasized that the recent downturn in the cryptocurrency market could be viewed as a “mini-crypto winter,” which he believes is nearing its end.
He linked his forecast to the trends observed in the stock markets. According to Lee, amid negative news related to the military conflict involving the U.S., Israel, and Iran, markets may have reached a local bottom. In such circumstances, he believes a reversal is possible.
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“Stock markets hit bottom on bad news. And there has been a lot of bad news. A similar pattern was seen during previous military conflicts,” Lee stated.
In this context, he anticipates Ethereum will emerge from a prolonged consolidation phase. As potential growth drivers, Lee identified the advancement of tokenization and the proliferation of AI agents.
He also pointed out that the market recovery is likely to be uneven: initially, large assets with high liquidity will become active, after which investor interest may gradually shift to riskier segments. He assesses that this scenario would indicate a return of confidence among market participants and a transition to a new growth phase.
Previously, Tom Lee associated the decline in Ethereum’s prices with a sharp increase in precious metal prices, referring to this effect as a “golden whirlwind.”
