Coin World News reports that on August 28, Tom Lee, as the chairman of the board of the first Ethereum treasury company BitMine, has been frequently calling for ETH recently. In August, he successfully predicted the market three times: on August 19, during a market correction, Tom Lee stated that a pullback to the range of $4075 to $4150 is healthy, and afterwards the market rebounded; on August 20, before Federal Reserve Chairman Powell's dovish speech, Tom Lee predicted that the market would rise due to the speech, and subsequently, Ethereum briefly broke through $4900; on August 26, the market corrected again, and Tom Lee predicted that ETH would hit the bottom in the next few hours, which again proved to be correct, as ETH rebounded. In an interview on August 27, Tom Lee made his latest prediction, stating that ETH will rise to $5500 in a few weeks, with a year-end target price of $10,000 to $12,000, and reaching $60,000 within five years.

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