Tom Lee cites information from Mark Newton – Technical Strategy Director at Fundstrat Global – stating that Ethereum will not fall below $4,000 in the short term. Newton predicts that ETH will 'bottom out within the next 12 hours around the $4,300 level.' In fact, ETH dropped to $4,341 on Monday morning before recovering back above $4,550.

Lee and Newton also agree that ETH has the potential to reach $5,450 before making a slight correction to around $4,800 by mid-September. This belief is reinforced by a survey from Myriad Linea Market, in which 80% of participants believe that ETH will exceed $5,000 this year.

Cautious Perspective: ETH is in an 'Overbought' State

However, not everyone agrees with the immediate bullish forecast. David Morrison – Senior Analyst at TradeNation – warns that ETH is in an 'overbought' state based on the daily MACD indicator. He believes that ETH may need a period of correction or sideways movement to ease the pressure, similar to the current trends of US stock indices.

'Ethereum may still rise towards the end of the year, but at this moment, I think Bitcoin's growth potential is more attractive,' Morrison stated.

Impact from Macroeconomic and Seasonal Factors

Simon Peters – an analyst at eToro – adds that September is generally a less favorable period for the cryptocurrency market. With a 250% increase since April and having just reached a historical peak, ETH may witness profit-taking from long-term investors.

Peters also notes that the performance of ETH will depend heavily on the interest rate decision of the US Federal Reserve (Fed) at the meeting on September 16-17. If the Fed maintains the interest rate instead of cutting it as expected, ETH may face additional short-term downward pressure.

Medium and Long-Term Outlook: Strong Foundation for Breakthrough

Despite being cautious in the short term, Peters remains optimistic about ETH's long-term outlook. He emphasizes the advantages from the legal environment in the US, strong demand from ETF funds, and the participation of many listed companies in accumulating ETH. Additionally, the trend of decreasing interest rates and increasing global money supply will provide further impetus for capital flows into cryptocurrencies.

Glen Goodman – an analyst and author – agrees that Ethereum could outperform many other assets but still faces risks from Bitcoin's volatility. 'ETH can rise even if BTC stagnates, but if Bitcoin plunges sharply, ETH is unlikely to escape the impact,' he commented.

Conclusion

Ethereum is at a critical threshold: the potential to break above $5,000 in the coming months is plausible, but the risk of short-term correction remains due to technical, seasonal, and macroeconomic factors. With increasing interest from institutions, ETF products, and a favorable legal framework, ETH is still considered one of the most promising digital assets by the end of 2025 – but investors need to be cautious of potential strong fluctuations in the near future.