Tom Lee Says ETH Is ‘Grossly Undervalued’ And Targets (At Least) $12,000
Fundstrat’s Tom Lee on Thursday said Ethereum (CRYPTO: ETH) is “grossly undervalued” relative to Bitcoin (CRYPTO: BTC), arguing that current valuations ignore long-term adoption trends and structural tailwinds in digital finance.
Lee Outlines $12,000–$62,000 Ethereum Framework
Speaking at Binance Blockchain Week, Lee said Bitcoin could hit $250,000 within a few months.
He added that if Ethereum’s ETH/BTC ratio goes back to its long-term average of 0.0479, ETH would be valued near $12,000.
Lee called this a “huge move,” noting that the ratio has held over an extended period.
He added that if Bitcoin reached $250,000 and Ethereum matched its 2021 cycle high ratio of 0.0873, the implied ETH price would be $22,000
This frames it as a reasonable outcome if markets priced Ethereum similarly to its previous peak.
For a longer-term view, Lee …
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