Tom Lee: Ethereum may break through $5,000 by the end of the year, and this cycle could potentially hit $50,000.

BlockBeats news, October 10: Tom Lee, Chairman of Ethereum treasury company Bitmine, recently stated that Ethereum is expected to rise to $25,000 to $50,000 in this cycle. He believes that ETH has been oscillating in a similar range for the past five years, and sustained bottoming may lay the foundation for a subsequent larger breakout.

Tom Lee also predicts that ETH's price will exceed $5,000 by the end of the year, noting that if Bitcoin rises above $100,000, ETH is expected to reach around $7,500.