BitMine Chairman Thomas Lee stated that based on the peak ETH/BTC exchange rate in 2021, ETH could rise to $16,000.

Lee's prediction is quite bold, with ETH aiming for $16,000 based on historical ratios. Placeholder partner mentioned that the upward trend of ETH/BTC has not stopped, which indeed makes sense.

However, with whales approaching liquidation and a total network liquidation of 170 million, primarily from short positions, the market is being reshuffled. Short-term volatility is high, but holding ETH in the long term is definitely a sound strategy, with institutional buying supporting this.