Tom Lee Sees Ethereum at $6K if Bitcoin Reaches $150K

Fundstrat's Tom Lee maintains that Ethereum remains significantly undervalued despite its recent price surge. He believes that a stronger ETH-to-Bitcoin ratio could push Ethereum's value near $6,000 if Bitcoin reaches $150,000. Lee notes that Ethereum's recent move from around $1,900 to $2,500 over the past week looks more like a course correction rather than a short squeeze, as crypto fundamentals are improving but valuations still mirror a prolonged bear market.

His analysis hinges on the ETH/BTC ratio. Lee suggests that if ETH reaches a ratio of 0.04, Ethereum would be around $6,000 if Bitcoin hits $150,000; a return closer to 0.08, levels observed near the 2021 cycle highs, would indicate even greater upside.