Tom Lee: Ethereum Could Reach $62,000 If It Hits This ETH/BTC Ratio

Tom Lee, Chief Investment Officer at Fundstrat Capital and Chairman of Bitmine (AMEX:BMNR) on Wednesday outlined how Ethereum (CRYPTO: ETH) could eventually be valued at $62,000 per token.

What Happened: Speaking in a presentation, Lee broke down the case using historical price bases, the Ethereum-to-Bitcoin ratio, and the potential of Ethereum as financial infrastructure.

Lee began by pointing to Wyckoff’s methodology of “bases,” noting Ethereum’s long consolidations since 2018.

“They say the bigger the base, the bigger the breakout,” he explained, referencing Ethereum’s surge from $90 to $4,866 …

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