The post Why Tom Lee Believes Ethereum Price Could Reach $10,000 appeared first on Coinpedia Fintech News
Popular market strategist Tom Lee, founder of Fundstrat, has explained why he believes Ethereum (ETH) has the potential to climb to $10,000.
Ethereum’s price has been stuck around $2,400 for some time, without much movement. While some experts like Bitwise think it might not hit new all-time highs this year, Tom Lee remains positive about its future.
In an interview with Coinage, said that even though Ethereum slowed down in innovation for a while, it’s now regaining momentum. One reason is the growing trend of tokenizing real-world assets. This means turning things like dollars, company shares, and other financial products into digital tokens. Big companies like Robinhood and Coinbase’s Base network are already working on Ethereum, which helps strengthen its position in the market.
Lee also explained that Ethereum is mostly U.S.-based or operates under U.S. regulation, making it a safer and more reliable option for handling tokenized financial products.
Another factor, according to Lee, is that many investors have given up on Ethereum, assuming its best days are over. This could actually set the stage for a surprise rally. He said that if the world embraces tokenized assets and starts trading them actively, the value of blockchains like Ethereum will rise sharply.
Tom Lee said, “Ethereum could probably go to $10,000 if the world realizes tokenizing assets is the future.” As this trend grows, demand for Ethereum’s network could increase, pulling its price up with it.
Ethereum Price Prediction (Short-Term)
Ethereum’s price is still moving sideways within a broad range between $2,200 and $2,600. It hasn’t decided whether to move higher or drop towards the support zone again. The price briefly dipped below $2,383 but bounced back, showing bulls are still active at this level.
Right now, Ethereum is stuck between the upper and lower boundaries of this range, with no clear breakout yet. If it breaks above the top of the range and holds, the price could target higher levels like $2,530 and $2,780. .