Summary
- Tom Lee said he would buy all day if the price of Ethereum reaches $3,000.
- He mentioned that Ethereum in the $3,000 range is extremely undervalued.
- He forecasted that if the market cap gap with Bitcoin narrows, Ethereum's price could rise up to $62,000.
Tom Lee, chairman of BitMine, the world's largest Ethereum (ETH) reserve company, said on the 11th (local time), "If the price of Ethereum reaches $3,000, I will buy all day."
Tom Lee said this on the 11th (local time) on a Web3 podcast. He said, "If the price of Ethereum falls to $3,000, everyone will be happy," and added, "(At $3,000) I will happily buy Ethereum."
Tom Lee recently predicted that the price of Ethereum could surge up to $62,000 next year. At the 'Binance Blockchain Week (BBW) 2025' held recently in Dubai, United Arab Emirates (UAE), he said, "Bitcoin (BTC) could rise to $250,000 within a few months," and said, "In that case, even if Ethereum's price rises only to the historical 8-year average ratio to Bitcoin, it would be $12,000."
Tom Lee added, "Ethereum currently in the $3,000 range is extremely undervalued," and "If market capitalization were to reach 25% of Bitcoin's level, Ethereum's price could be $62,000."
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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