Tom Lee explains how Ethereum could reach $62,000 in a few months

Source: PortaldoBitcoin Original Title: Tom Lee says how Ethereum can reach $62,000 in a few months Original Link: Market analyst Tom Lee made a new price prediction for the second largest cryptocurrency in the market, Ethereum, during his participation at the crypto conference in Dubai. According to him, the coin could reach $62,000 if the Bitcoin/Ethereum price ratio undergoes a different adjustment from historical trends.

Chief strategist at Fundstrat and president of the ETH treasury company, Tom Lee spoke on the panel ‘Ethereum – a Market Guide,’ and shared his experiences under the premise that Ethereum remains a guiding force for developers, liquidity, and market structure in the long term.

Tom Lee believes that with the growing adoption of tokenization, Ethereum’s utility value should increase, which could significantly impact its price, as he considers ETH to be extremely undervalued.

Tom Lee predicts that Bitcoin could reach the $250,000 mark in the near future. If the price ratio between Ethereum and Bitcoin returns to the eight-year historical average, this would imply that Ethereum could reach a value of approximately $12,000.

However, this price prediction is based on historical analysis of the ratio between the two cryptocurrencies, where Ethereum has shown significant performance relative to Bitcoin over time.

Additionally, Tom Lee mentions that if the Ethereum to Bitcoin ratio reaches 0.25, this would mean Ethereum could be valued at $62,000. This projection is based on the expectation that as Bitcoin appreciates, Ethereum should also appreciate, especially if the adoption of its technology and utility increases.

In summary, while $12,000 is considered the most likely value for Ethereum, based on the historical average relationship with Bitcoin, the possibility of reaching $62,000 exists if the ratio between the two cryptocurrencies stabilizes at 0.25, reflecting an optimistic scenario for Ethereum’s future.

However, another intermediate price appeared. He explained:

“Well, I think Bitcoin is going to reach $250,000 within a few months. And if the Ethereum price-to-Bitcoin ratio returns to its 8-year average, that means $12,000 for ETH. I mean, that’s a big appreciation. And if it reaches the highs of 2021, that means $22,000 for the price of Ethereum.”