#تابعني_لحصولك_علي_المزيد_من_المعلومات
Tom Lee, Chief Investment Officer at Fundstrat, predicted that the price of Ethereum would rise in the near term to $5,500, with an ambitious year-end target of $12,000.
During his appearance as a guest on Amitis Investing on August 26, Lee revealed that the sentiment of Wall Street institutions towards Ethereum has significantly changed after the U.S. Senate passed the GENIUS Stablecoin Act.
Lee confirmed that Ethereum is the foundational infrastructure for traditional finance (TradFi), currently supporting over $145 billion in stablecoin supply.
This significant market dominance is one of the main reasons he sees ETH as one of the largest overall investment opportunities in the next decade.
Tom Lee's prediction for Ethereum follows BitMine's strategy of accumulating $7.65 billion in treasury bonds.
After launching his Ethereum fund management company, BitMine, massive capital flowed into Ethereum. Investment managers and individual investors systematically redistributed their capital from Bitcoin to Ethereum, with an average daily trading volume of $900 million.
Source: X/woonomic
On June 30, when Tom Lee began his Ethereum accumulation strategy at BitMine, the market capitalization of Ethereum increased by over $255 billion.
Analyst Jeff Kendrick from Standard Chartered recently pointed out that ETH fund managers are growing more in terms of capital flows compared to Bitcoin fund managers.
From a regulatory perspective, Kendrick believes that Ethereum-focused treasury entities have greater expansion potential than Bitcoin treasury companies.
An internal analyst at Tom Lee, who accurately predicted that Ethereum would drop to $4,075 last week before rising to its all-time high of $4,900, provided a new analysis for BitMine's leadership.
On August 26, Tom Lee predicted that the price of Ethereum would reach a low within hours, coinciding with BitMine Immersion Technologies purchasing another $21.28 million in Ethereum, bringing its total holdings of Ethereum to $1.72 million, valued at $7.65 billion.
This prediction aligns with the technical assessment of analyst Mark Newton, who believes that Ethereum will move to a new high near $5,100 before targeting $5,500.
In a later interview with CNBC, Lee reinforced his ETH predictions with a bold price target ranging from $12,000 to $16,000 for Ethereum, while also expressing his belief that "Ethereum is experiencing its Bitcoin moment of 2017."
Tom Lee rose to prominence in 2017 when he appeared on CNBC to defend a Bitcoin price target of $55,000, while the cryptocurrency was trading at $2,000.
Initially, Wall Street experts dismissed his predictions as unrealistic.
Now, he applies the same belief to Ethereum, with many investors paying attention to his analysis.
Ryan Adams, an investor and cryptocurrency analyst at Bankless, finds Lee's predictions regarding ETH to be absolutely remarkable.
He pointed out that Tom Lee raised nearly $10 billion in ETH over the past fifty days, representing about 1.4% of the total supply of ETH.
If Lee achieves his cumulative goal of 5% and ETH exceeds $12,000, Adams expects BitMine to surpass Strategy to become the largest publicly owned digital asset fund manager in the world.
Major holders of the currency are now leveraging momentum and capital flows into Ethereum to reach new record levels.
Intelligence information from Arkham on-chain revealed that nine whale addresses recently purchased a total of $456.8 million in ETH through over-the-counter trading services from BitGo and Galaxy Digital.
Technical analysis: Why a breakout above $4,800 may trigger a significant rise in Ethereum's price.
From a technical analysis perspective, the one-hour chart for ETH shows short-term bullish momentum with clearly defined key support areas.
The price of gold recently recovered from the demand area of $4,200-$4,460, with additional buying positions established around $4,500, indicating confident accumulation during the decline.
Chart analysis indicates that ETH is expected to break through the resistance area of $4,950-$5,000 in line with a potential breakout target from the developing harmonic pattern structure.
Source: TradingView/salahuddin20041
Currently, the price of ETH is holding around $4,580 after the pullback, while momentum indicators show a recent bullish crossover, suggesting the potential for continued recovery.
If the demand area support continues at any pullback, the outlook remains positive. The next major resistance lies at $4,950-$5,000.
However, failure to maintain support above $4,600 could trigger a deeper correction before the next upward attempt.
Buy and trade