BlockBeats news, on August 27, BitMine's board chairman Tom Lee recently stated in an interview with Amit that Ethereum is expected to rise to $5,500 within a few weeks, with a year-end target price of $10,000 to $12,000. Most cryptocurrency market movements usually concentrate in the fourth quarter. 'So if you have already increased by 35% since the beginning of the year, and if the final annual increase is to reach 200%, then the remaining increase will basically be completed in the next few months.'
However, Tom Lee also expressed concerns that September may see a seasonal adjustment in the cryptocurrency market. But he still emphasized that 'a drop is a buying opportunity.'
