Cryptocurrency company Bitmine invests a massive $300 million in Ethereum over a period of three days, while Ethereum Funds (ETFs) maintain their brilliance
Ethereum, the second-largest cryptocurrency by market cap, has been experiencing significant movements in the past few days. According to analyst Tom Lee, Ethereum could surge to around $15,000 to $16,000 by the end of 2025.
Lee's optimistic forecast is based on several key factors, including institutional portfolio reshaping towards Ethereum, expansion of stablecoin and tokenized asset use, network strength, and historical market parallels with Bitcoin.
Institutional confidence and adoption have been growing, as demonstrated by large-scale treasury strategies, such as Lee's own firm BitMine Immersion Technologies holding over $250 million in ETH. This corporate buying signals strong confidence in Ethereum’s long-term value.
Ethereum's central role in hosting stablecoins and tokenized real-world assets creates an expanding use case and ecosystem value. The surge in stablecoin adoption, particularly dollar-pegged stablecoins supported by regulatory clarity, strengthens Ethereum’s network utility.
Lee also emphasizes Ethereum’s scarcity post-Upgrades and its essential role in decentralized finance (DeFi) and blockchain innovation, positioning it as a foundational infrastructure for the crypto economy.
Moreover, Lee compares the current ETH/BTC ratio and price movements to Bitcoin’s 2017 cycle, suggesting Ethereum could repeat a similar magnitude of growth if Bitcoin also rallies, supporting ETH’s surge to the $16,000 range.
Currently, Ethereum's market cap is $433.16 billion, with a 24-hour volume of $28.40 billion and a 24-hour volatility of 2.1%. Over the past three days, Bitmine Immersion, a crypto treasury firm founded by Tom Lee, has amassed $300 million worth of Ethereum through Galaxy Digital's OTC desk.
In the past 24 hours, there has been a noticeable 20.4% drop in Ethereum's trading volume. However, around 608,925 ETH was purchased between $2,911 and $2,924, and another 1.94 million ETH was bought between $2,744 and $2,757. These levels form a thick band of on-chain support zones for Ethereum.
On-chain ETH held by ETFs has soared over 40% in the last 30 days. Notably, Ark Invest, led by Cathie Wood, has purchased $20 million worth of shares in ETH treasury firm Bitmine. BlackRock's iShares Ethereum Trust ETF has seen record inflows of $1.7 billion over the past 10 trading days. ETHA is the only ETF in the group that recorded consistent positive inflows.
At press time, Ethereum is trading at $3,554.65, up nearly 3% in the past 24 hours. Ali Martinez has flagged $2,924 and $2,750 as two critical support zones for Ethereum.
In his latest research note, Tom Lee has expressed a positive outlook for Ethereum, predicting its fair value could reach $10,000-$20,000 within the next 12 months. Lee also believes that the SEC and White House's Project Crypto is a strategic move towards blockchain-based finance, with Ethereum being positioned as the preferred infrastructure layer.
[1] CoinDesk [2] Decrypt [3] The Block [4] Bloomberg [5] Forbes
Given the growing institutional adoption of Ethereum and the strategic moves towards blockchain-based finance, such as Project Crypto by the SEC and White House, there could be potential opportunities for institutional investing in Ethereum. Tom Lee, an analyst and crypto enthusiast, foresees Ethereum's fair value reaching between $10,000 and $20,000 within the next 12 months, making it an intriguing option for finance portfolios focused on investing in technology and innovation.
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