Tom Lee: ETH's current trend is a historic launch signal, with significant upside potential still ahead through analogy

BlockBeats News, August 24th, BitMine Chairman Tom Lee pointed out that Ethereum rose by 30% in the past week, marking its largest weekly gain since May 2025. Historical data shows that after Ethereum's weekly gain exceeded 30% in July 2021, it continued to rise by 167%; after a similar weekly gain in May 2025, ETH saw a subsequent increase of 170%.

Tom Lee believes that the current trend of ETH is a signal of a historic breakout, and there is still significant room for further upside. He stated, "We expect a loose financial environment to act as a tailwind for cryptocurrency."