Tom Lee Updates Ethereum Price Target Prediction: Surge to $5,500 in a Few Weeks, Year-End Target of $10,000 to $12,000

BlockBeats News, August 27th, BitMine Chairman Tom Lee recently stated in a live interview with amit that he expects Ethereum to rise to $5500 in a few weeks, with a year-end target price of $10,000 to $12,000. Most of the cryptocurrency market usually sees significant movements in the fourth quarter. "So if you've already had a 35% gain since the beginning of the year and you need to end up with a 200% gain for the year, most of that gain will likely happen in the next few months."

However, Tom Lee also expressed concerns about a potential seasonal market correction in September. Nevertheless, he still emphasized that "a dip is a buying opportunity."