Can ETH rise by 147%? Wall Street pro Tom Lee's bold prediction.

What is the current market for ETH?

ETH has recently dropped 42% from its historical high of $4,946 in August and is currently at a low point. Wall Street investor Tom Lee (founder of Fundstrat Global Advisors) is now very optimistic, stating that ETH could surge to $7,000 in the coming months, an increase of 147%.

What is his logic?

ETH is not a speculative coin; it is an ecosystem. Developers build DApps on it, and users have to pay for each interaction—using ETH. As the ecosystem expands, demand increases. Take Uniswap, for instance; in 2024, the trading volume of stablecoins exceeded 15.6 trillion USD, more than the combined total of Visa and Mastercard.

But this guy has some issues

BitMine, owned by Lee, holds 350,000 ETH, worth over $10 billion. He himself is the biggest beneficiary, and the credibility of his prediction is somewhat discounted. Moreover, he also stated that ETH could reach $62,000 (by 2035), but that would require the global financial system to run on Ethereum, which is unlikely.

There are still opponents

Chains like Solana are even stronger than ETH in some ways—transaction speeds are much faster (thousands per second vs ETH's 15), and transaction fees are cheaper. In the future, decentralized finance may not necessarily be dominated by ETH.

Bottom line: $7,000, although only 40% higher than the historical peak, may not seem outrageous, but achieving a 147% increase in the short term requires a significant shift in market sentiment. There is no certainty.