Ethereum has climbed back above $3,200 after falling below $2,700 in November, and this quick rebound has lifted overall market sentiment. The recent Fuska upgrade made the network faster and cheaper to use, boosting activity and encouraging larger holders to accumulate again.
Traders now view $3,000 as a solid support level, and the tone around ETH has become noticeably steadier. In a recent video analysis, Altcoin Daily highlighted Tom Lee’s bullish outlook for Ethereum and examined how realistic his predictions might be.
Tom Lee, a well-known Wall Street strategist, believes Ethereum has already completed its correction and is now setting up for a stronger long-term move .
“Ethereum has already completed its correction and is preparing for a strong move into 2026.” Says Lee
His team at Fundstrat briefly paused their ETH accumulation when technical indicators turned cautious, but once those signals improved, they resumed buying. Lee views this renewed accumulation as evidence that Ethereum likely hit its cycle low.
Lee also stresses that the broader crypto market is still in a very early stage. He points out that only a few million Bitcoin wallets hold more than $10,000, compared with nearly a billion people worldwide who have that much saved for retirement. Most institutional investors still have no crypto exposure, even as Wall Street prepares to tokenize large portions of traditional assets.
Tom Lee says, “The real growth phase for crypto hasn’t even begun, because most fund managers still have zero exposure.”
Lee also suggests that Bitcoin may no longer follow its typical four-year cycle. He believes major changes in global economic conditions could break the market away from its old pattern.
Fundstrat is watching January closely to see whether Bitcoin reaches new highs earlier than expected. If this happens, Lee expects Ethereum to benefit even more in the next leg of the bull market. For now, Bitcoin is trading near $92,500 after recently hitting new highs.
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If Ethereum can stay above $3,000 and break firmly above $3,200, a move toward $3,500 becomes more likely. This fits with Lee’s long-term outlook, which places even a conservative target for ETH near $7,000.
ETH Price Targets Based on BTC Ratio
- $12,000 — If ETH returns to its 8-year average ratio versus BTC
- $22,000 — If ETH repeats its 2021-style blow-off top
- $62,000 — If Ethereum becomes the “future of global finance” and hits a 0.25 BTC ratio
“Ethereum at $3,000 is grossly undervalued,” Lee stated.
More Conservative Scenario (Next 12–18 months)
If Bitcoin reaches $150,000:
- ETH at its average ratio → $7,000
- ETH in a strong peak → $13,000
Lee clarified that extreme targets like $62,000 are long-term scenarios, not 2026 predictions.
