🚀 Tom Lee Believes Ethereum Could Reach $16,000

Fundstrat’s Tom Lee acknowledges research suggesting Ethereum may reach its record high if it returns to the 2017 price ratio against Bitcoin.

The prediction came during a CNBC interview on Bitmine’s increasing ETH accumulation. Fundstrat’s Tom Lee cited internal research suggesting Ethereum’s value could quadruple and reach $16,000 if it returns to its 2017 price ratio against Bitcoin.

🔸 Analyst Ties Ethereum Price to Historic Ratio

Tom Lee referred to a new presentation by Sean Farrell, Fundstrat’s head of digital asset strategy. Farrell’s analysis suggests Ethereum could reach $16,000 if it regains its 2017 ETH/BTC ratio peak of 0.14.

He called it the “biggest macro trade,” highlighting Wall Street’s shift toward stablecoins and BlackRock’s BUIDL launch on Ethereum as signs of rising institutional adoption.

Meanwhile, the $16,000 forecast isn’t the first bold prediction from the BitMine Chairman. He had earlier predicted Ethereum could hit $60,000, citing research comparing ETH’s role in finance to Wall Street’s infrastructure. Ethereum’s dominance in stablecoins, with a market share of over 60%, and its rising use in tokenization reinforce BitMine’s bullish outlook.

🔸 Will #Ethereum Reach $16,000?

Following the forecast, prominent analyst Crypto Patel supported this bullish outlook, showing ETH currently consolidating within a massive ascending triangle that began forming after its peak in 2021.

The chart highlights a breakout structure similar to previous cycles, particularly the 325% rally that followed Ethereum’s last breakout, propelling the price to $4,878 in November 2021. If this pattern repeats, a 323% surge from current levels near $3,666 would propel #ETH toward the $16,000 target zone.

This bullish setup gains even more weight when looking at Ethereum price action in 2017. Ethereum skyrocketed from under $7.98 in January 2017 to over $407 in June 2017, marking a life-changing rally of over 5,000% surge.