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@frostmourne 2 weeks ago

Fundstrat's Tom Lee sets a $250,000 price target for Ethereum

Fundstrat's Tom Lee sets a $250,000 price target for Ethereum

Tom Lee from Fundstrat is setting a $250,000 price target for Ethereum, which is currently sitting around $2,000. His bull case relies on a new roadmap out to 2029, making the network faster and cheaper. He thinks ETH will become the go-to blockchain for AI agents and Wall Street tokenization. ETH did outperform both the Nasdaq and Bitcoin in July, but it is still down about 40% for the year. The article notes this could just be a dead cat bounce, especially with some recent internal disagreements at the Ethereum Foundation. The $250k target seems high, but the upcoming network upgrades are worth watching.
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