Expert predicted Ethereum’s rise to $15000 amid Wall Street interest

Tom Lee, co-founder of Fundstrat and chairman of Bitmine Immersion Tech, said Ethereum could reach $15,000 if the current momentum continues. He noted that $4,000 is only an interim target for July, while $10,000-15,000 is a realistic range for the end of the year.

The forecast is based on the EBITDA multiples model proposed by Sean Farrell. According to it, Ethereum is comparable to Tier 1 infrastructure companies such as Circle. Lee emphasized that Ethereum plays a fundamental role in the ecosystem and deserves to be evaluated along the lines of software corporations.

Analyst Mark Newton of Fundstrat added that from a technical perspective, the asset is already close to key levels. He also pointed to high investor activity and significant onchain inflows.

According to CoinMarketCap, the ETH exchange rate is up 25% for the week and more than 50% for the month. Spot ETFs on ether showed 11 consecutive days of inflows, and total assets under management exceeded $18 bln.

According to EmberCN, a major address purchased $50 million worth of ETH over the weekend. It was also revealed that Bitmine and SharpLink grew their ETH holdings by 84% and 59% respectively.