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Ethereum could surpass $5,000 as Wall Street drives new institutional adoption, says Tom Lee.

Market News
16 Jul 2026
Tokenpost
View Source
Bullish
Ethereum could surpass $5,000 as Wall Street drives new institutional adoption, says Tom Lee.

Ethereum (ETH), currently trading near $1,880, may break its previous high of nearly $5,000 due to growing institutional adoption, according to Fundstrat co-founder Tom Lee. He highlights that unlike past growth driven by ICOs and NFTs, this new phase is led by Wall Street players like BlackRock and JPMorgan expanding blockchain investments. Ethereum remains dominant in developer activity and benefits from new platforms like Robinhood Chain, which uses ETH for transactions. Despite some skepticism over Ethereum's resistance at $5,000 and the nature of Robinhood Chain's trading volume, Lee's bullish outlook is supported by BitMine's significant ETH holdings, positioning it well for institutional growth.

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