Tom Lee: Ethereum may exceed US$5000 by the end of the year, and this cycle is expected to hit US$50,000

Tom Lee, chairman of Ethereum treasury company Bitmine, said on October 10 that the current Ethereum price may exceed the range of US$25,000 to US$50,000 in this cycle. He pointed out that ETH prices have been in a similar range of fluctuations for a long time in the past five years, and the continued bottom-consolidation trend may provide support for subsequent larger-scale increases. At the same time, Tom Lee expects the ETH price to exceed US$5000 by the end of the year. If the Bitcoin price rises above US$100,000, Ethereum may reach the US$7500 level.