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Tom Lee Forecasts Ethereum Rally to $20K on 2026 Tokenization Boom

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Lee echoed his feedback from an earlier interview, opining that there isn’t a longer a four-year cycle and Bitcoin will make new highs in early 2026, talking at this week’s Binance blockchain convention in Dubai on Thursday.

He added that BTC will mirror the efficiency of the S&P 500 US inventory index subsequent 12 months and predicted a worth high of $300,000. If that’s the case, “I feel Ethereum is lights out,” he mentioned earlier than including a extra outlandish worth prediction.

“In the following 12 months it [ETH] may very well be over $20,000.”

The Bigger The Base, The Bigger The Breakout

Lee additionally reiterated the notion that Wall Street is beginning to tokenize securities, and most of that is being accomplished on Ethereum. The community at the moment has greater than 70% market share of real-world asset tokenization worth when layer-2s and EVM platforms are included, in accordance to RWA.xyz.

He additionally identified that Ether has been rangebound for 5 years, nevertheless it has begun to get away. The greater the bottom, the larger the breakout, he mentioned, explaining why he turned BitMine into an ETH treasury firm.

“I feel Ethereum goes to turn out to be the way forward for finance, the cost rails of the longer term, and if it will get to 0.25 relative to Bitcoin, that’s $62,000. Ethereum at $3,000 is grossly undervalued.”

BitMine is placing its cash the place its mouth is with one other Ether buy, bringing the variety of buys to 4 this week alone, according to Lookonchain on Friday.

The agency scooped one other 41,946 ETH price $131 million on Thursday, it reported. Although the buys haven’t been formally confirmed, BitMine seems to have purchased greater than $350 million price of the asset this week.

Is ETH Ready For a Pump?

Analyst ‘Sykodelic’ echoed the bullish sentiment, stating on Thursday that “ETH appears prepared to push a lot increased.”

“In the final 5 years, each single time the 1-day RSI has gone from overbought down to oversold, after which damaged the pattern, it has pumped a minimal of 45%. That takes us to $4,300.”

Ether was trading at $3,170 in the course of the Friday morning Asian session after failing to break resistance at $3,200 yesterday.

The asset has gained 13% over the previous fortnight, recovering from its double dip under $3,000, and seems to be forming a W-shaped backside.

The publish Tom Lee Forecasts Ethereum Rally to $20K on 2026 Tokenization Boom appeared first on CryptoPotato.

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