Ethereum (ETH) Price: Tom Lee Says $6,000 Is Actually the Conservative Case
TLDR
- Tom Lee says ETH could reach $6,000 if Bitcoin hits $150,000 by year-end 2026
- Ethereum ETFs recorded $102 million in daily inflows on August 28
- ETH has gained 34% in the past 30 days, outperforming other top-5 tokens
- The MVRV Ratio is approaching a historically bullish threshold near zero
- Key resistance sits at $2,500, with near-term target of $2,800
Ethereum is trading around $2,440โ$2,465, continuing a recovery that has seen the asset gain 34% over the past 30 days. That makes ETH the best performer among the top five cryptocurrencies in that period.
The total crypto market cap stands at roughly $2.65 trillion, up 0.5% in 24 hours. Bitcoin is trading near $78,500 and XRP near $1.38.
Fundstrat co-founder Tom Lee appeared on the Milk Road Show and laid out a straightforward scenario for Ethereum. If Bitcoin reaches $150,000 and the ETH-to-BTC ratio moves from its current level of 0.03 to 0.04, Ethereum would land near $6,000. Lee described this as a conservative estimate, pointing out the ratio reached 0.08 during the 2021 bull cycle.
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