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Ethereum rotation underway; Tom Lee predicts ETH could hit $10K in 1-2 years

Market News
24 Aug 2026
UToday
View Source
Bullish
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Tom Lee of Fundstrat believes a long-anticipated rotation into Ethereum has begun, with ETH potentially reaching $10,000 within the next one to two years. He argues Ethereum is undervalued compared to Bitcoin and could become the future settlement layer, boosting its importance in decentralized finance, tokenized assets, and AI. Lee's bullish outlook is supported by BitMine's aggressive Ethereum treasury strategy, where he serves as chairman. Recently, Ethereum's price surged over 32%, reflecting growing market interest.

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