Latest news with #Fundstrat
Yahoo
15 hours ago
- Business
- Yahoo
Tom Lee Sees Ether Hitting $15K, With Ethereum Emerging as Wall Street's Favored Blockchain
Ethereum's ether (ETH) may be on the verge of a breakout as institutions begin to realize the blockchain's potential in the same way Silicon Valley embraced artificial intelligence, says Tom Lee, co-founder of Fundstrat and chairman of Ethereum treasury firm Bitmine. "Stablecoins have created the 'ChatGPT moment' for crypto," Lee said in an interview with CoinDeskTV. The asset class, he said, has demonstrated a simple, viral use case as an alternative for payments that resonates with banks, merchants and consumers. Ethereum, boasting over 50% market share of the almost $250 billion stablecoin supply and a key hub for asset tokenization, could be a chain of choice for many institutions to build or use, Lee said. "Wall Street wants to find a chain that's operating compliantly in the U.S. and they want to find a big one where there's already a lot of real-world assets," Lee said. "That's why Ethereum is becoming extremely relevant." While bitcoin's narrative as digital gold is still intact, Lee argued, ETH could offer more upside over the next few years for being the network where institutions tokenize financial assets. Fundstrat analysts put $4,000 as a near-term technical target for ETH, while its "fair value" could be around $10,000-$15,000 by the end of this year. "Our belief that Ethereum is dramatically undervalued as a token," Lee said. "So acquiring an asset that can appreciate by 10 times or more is a really good use of a treasury. Bitmine Immersion Technologies (BMNR), a former bitcoin (BTC) miner that has pivoted to an Ethereum treasury strategy with Lee joining as chairman, has already made a substantial bet on that thesis. The firm said last week it accumulated over 300,000 ETH exposure including options, worth well over $1 billion at current prices. Error al recuperar los datos Inicia sesión para acceder a tu cartera de valores Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos
Business Insider
18 hours ago
- Business
- Business Insider
Ethereum (ETH) Nears $4,000 as Crypto Rally Gathers Steam
The price of Ethereum (ETH), the second largest cryptocurrency after Bitcoin (BTC), is up 6% in the past 24 hours and nearing $4,000. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Ethereum is currently trading at $3,823, its highest level of the year, as the rally in cryptocurrencies broadens out beyond BTC. Ethereum is also getting a lift as financial institutions and treasury companies pour money into the digital asset. U.S.-listed spot Ethereum ETFs saw record inflows of $2.18 billion over the past week after major crypto legislation was passed by lawmakers in Washington, D.C. As the price of ETH rises, some analysts are forecasting that prices will surge much higher in coming weeks and months. Bullish Outlook Tom Lee, head of research at Fundstrat, says that the price of Ethereum could reach as high as $15,000 given current momentum and bullish signals. Lee notes that support for Ethereum has formed around $3,590 to $3,610, and that transaction volumes have surpassed the 24-hour average of 215,432 units. This consistent upward momentum with successive higher lows potentially indicates ongoing institutional capital allocation, positioning Ethereum for a possible rally beyond current levels. As Ethereum marches higher, the price of BTC is currently around $118,500. Is ETH a Buy? three-month performance. As one can see in the chart below, the price of ETH has risen nearly 105% in the last 12 weeks.
Yahoo
a day ago
- Business
- Yahoo
Its not just bitcoin. Companies are now adding ethereum to their balance sheets.
It's not just bitcoin (BTC-USD) that corporate treasuries are buying. A handful of firms are scooping up ethereum — or its native token, ether (ETH-USD) — as a way to gain exposure to the tech infrastructure behind decentralized finance and digital assets. So far, the companies taking this approach are mainly smaller names in the crypto world, such as BitMine Immersion Technologies (BMNR), chaired by Fundstrat's Tom Lee. One larger player — Coinbase Global (COIN), the parent company of trading network Coinbase — has more than $440 million in holdings, according to crypto and investment tracker CoinGecko. When Coinbase announced in a 2021 blog post that it would become the first publicly traded company to hold ethereum and other assets, in addition to bitcoin, it stated, "We believe that in the future, more and more companies will hold crypto assets on their balance sheet." Ethereum has surged 60% over the past month to hover near $3,800, its highest level since January. The second-largest cryptocurrency by market cap has yet to reclaim its 2021 high north of $4,600. Ethereum allows developers to write programs or contracts that run entirely on its blockchain, or network. It currently leads as the dominant infrastructure that allows businesses and consumers to transact with each other directly without banks, with a market share of more than 51%. "Ethereum lets anyone — whether it's a crypto project, a factory, an artist, an influencer — create their own token and thus their own community and incentivize communities with an economy basically," Ray Youssef, CEO of crypto marketplace NoOnes, told Yahoo Finance. He called tokenization ethereum's "killer app." "You could argue it has more utility than bitcoin," he said. That utility is why firms like BitMine and SharpLink Gaming have increasingly been raising capital to buy ETH, similar to how Strategy (MSTR) and a slew of other companies have added bitcoin to their balance sheets in recent months. Read more: Can you buy crypto with a credit card? See the pros and cons. As with bitcoin, the approach can be risky due to volatile prices. Ethereum prices tumbled in April when President Trump's "Liberation Day" tariffs announcement roiled markets. The rewards have not been as high as those that bitcoin has offered either: The return on ethereum year to date is 14%, versus bitcoin's 26%. Crypto miner BitMine Immersion Technologies recently announced it holds more than $1 billion in ethereum, or roughly 300,000 tokens. The company, which went public on June 5, has positioned itself as a pure-play on ethereum, betting that owning it is akin to owning the underlying infrastructure behind the convergence of crypto and financial services. "Acquiring $1 billion of ETH1 is a clear signal of our conviction in ethereum's long-term value," Jonathan Bates, CEO of BitMine, said in the press release announcing the news. He noted that the company was "committed to Ethereum's continued growth." BitMine shares surged 25% in one session last week after an SEC filing revealed that billionaire Peter Thiel purchased 9.1% of the firm's common stock through his investment funds. Gaming and sports betting company SharpLink Gaming (SBET) and blockchain tech firm BTCS (BTCS) have also pursued similar treasury strategies. Shares of each are up nearly 200% over the past month. Earlier this month, computing firm Bit Digital (BTBT) announced that it had shifted its entire treasury from bitcoin to ethereum. "We believe Ethereum has the ability to rewrite the entire financial system," Sam Tabar, CEO of Bit Digital, said in a press release. Year to date, the stock is up 17%. Ethereum's surge coincides with the GENIUS Act, landmark legislation signed by President Trump last Friday, moving through Congress. The new law regulates stablecoins, digital tokens backed by assets like the US dollar and short-term treasuries. Optimism over stablecoin's adoption has sent shares of issuer Circle (CRCL) up more than 600% since its IPO on June 5. The company's USD Coins (USDC-USD) run on ethereum. "If real companies and institutional investors are innovating on the blockchain, doesn't that make blockchain networks, and by implication, blockchain network assets (e.g ETH) valuable?" Bernstein's Gautam Chhugani asked in a note last month. "Any company that uses stablecoin tech pays transaction fees to the Ethereum network." To be sure, not all companies see the same value in ethereum as they do in bitcoin. When asked directly whether Strategy would add ETH to its holdings, executive chairman Michael Saylor said in an interview with The Street, "MicroStrategy wouldn't because MicroStrategy is 150% Bitcoin. We do Bitcoin, we're 150% Bitcoin. We're going to be Bitcoin. And the only thing I like more than Bitcoin is more Bitcoin." Indeed, ethereum is by no means replacing bitcoin as the investment of choice for companies, Sean Farrell, head of digital asset strategy at Fundstrat, told Yahoo Finance. Consider it an adjacent strategy. "I don't want people to misconstrue this movement from treasury companies to be viewed [as] ETH is replacing bitcoin. It's just blockchain technology applied in a different way for a different use case," Farrell said. "These companies are just capitalizing on the real world asset [tokenization] trends." Ines Ferre is a Senior Business Reporter for Yahoo Finance. Follow her on X at @ines_ferre. Click here for in-depth analysis of the latest stock market news and events moving stock prices Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Time of India
2 days ago
- Business
- Time of India
Massive ETH surge ahead? New forecast predicts Ethereum to hit $15,000 by year-end
Ethereum is on a serious winning streak right now. As of Monday, July 21, 2025, the world's second-biggest cryptocurrency has surged to $3,812—its highest price since December 2024. This marks the ninth day in a row ETH has climbed, gaining over 25% in just one week and more than 50% since the start of July. The big question everyone's asking is: why is Ethereum going up—and can it really reach $15,000 this year? What's pushing Ethereum price up today? Ethereum's price jump isn't random—it's being powered by several strong drivers, especially from the institutional side. Explore courses from Top Institutes in Select a Course Category Data Science Management Others MBA Degree Design Thinking Project Management healthcare others Public Policy MCA Product Management Cybersecurity Artificial Intelligence Finance Technology Data Analytics PGDM Operations Management Digital Marketing Leadership Data Science CXO Healthcare Skills you'll gain: Strategic Data-Analysis, including Data Mining & Preparation Predictive Modeling & Advanced Clustering Techniques Machine Learning Concepts & Regression Analysis Cutting-edge applications of AI, like NLP & Generative AI Duration: 8 Months IIM Kozhikode Professional Certificate in Data Science and Artificial Intelligence Starts on Jun 26, 2024 Get Details Skills you'll gain: Data Analysis & Interpretation Programming Proficiency Problem-Solving Skills Machine Learning & Artificial Intelligence Duration: 24 Months Vellore Institute of Technology VIT MSc in Data Science Starts on Aug 14, 2024 Get Details The biggest factor? Massive inflows into U.S.-listed spot Ether ETFs. According to Fundstrat, these ETFs pulled in a record $2.18 billion last week alone, a level of demand that's never been seen before. With so much ETH being scooped up, even Coinbase reserves are running low. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like After Losing Weight Kevin James Looks Like A Model 33 Bridges Undo Also, whales are jumping in. One large investor reportedly bought $50 million worth of ETH over the weekend at an average price of $3,714. And according to analyst Ali Martinez, whales have bought over 500,000 ETH in the last two weeks. That kind of quiet accumulation usually means something bigger is brewing—either major price action or upcoming developments on the network. Live Events Is this rally sustainable or just hype? Some traders are skeptical. Crypto Banter recently called it 'the most hated rally right now' because there's still a ton of bearish sentiment. CoinGlass data shows nearly $331 million in ETH short positions could get liquidated if the price hits $4,000. That could trigger a short squeeze—forcing short sellers to buy back in and potentially pushing ETH even higher. Still, analysts like Mark Newton from Fundstrat say the technicals support the move. He sees ETH reaching $4,000 before the end of July. The current price action is happening with real volume behind it, not just hype or meme coin-style excitement. Can Ethereum hit $15,000 by year-end? That's what Tom Lee from Fundstrat believes. He's called Ethereum 'Wall Street's preferred choice' for blockchain infrastructure, citing the use of ETH by companies like JPMorgan (for stablecoin projects) and Robinhood (for tokenization). Lee argues that Layer-1 platforms like Ethereum are similar to software firms—they power entire ecosystems. That's why he believes they deserve higher valuation multiples. His price target: $10,000 to $15,000 by the end of 2025. Other predictions: Mark Newton (Fundstrat): Short-term target of $4,000 by July end. Colin Talks Crypto: $15,000 to $20,000 within the current bull cycle. Moderate forecasts: $6,000 to $8,000 by December 2025. Why are big companies now buying Ethereum? A new trend is forming that echoes Bitcoin's 2020 rally—corporate treasuries are starting to hold ETH. Publicly traded companies like Bitmine Immersion Technologies and SharpLink Gaming have added ETH to their balance sheets. After announcing their crypto strategies, some of these stocks surged over 400%. According to crypto trader Pentoshi, some of these companies are 'just a month old' and are already trying to get their hands on as much ETH as possible—up to 1% of total supply in some cases. This kind of demand wasn't around in previous cycles and could add consistent buying pressure going forward. What does Ethereum's technical chart say? From a technical standpoint, Ethereum is nearing a critical breakout zone. On the weekly chart, ETH is approaching $4,000—an area that has rejected price advances three times before. This resistance overlaps with the 76.8% Fibonacci retracement of the 2021–2022 bear market. But this time could be different. The current rally has broken above a long-term trendline from the 2021 highs, and volume is supporting the move. On a larger scale, Ethereum is forming a massive ascending triangle on its monthly chart. The base of this triangle goes back to late 2018, when ETH was trading around $90. Now, that base is near $2,800, and the top of the triangle is close to $4,000. If ETH breaks above that ceiling, the pattern suggests a move to $6,000–$8,000 could be next. This setup is also supported by the 200-week exponential moving average (EMA), which ETH is currently trading 18% above. Historically, ETH has launched strong rallies from this level. Are retail investors still on the sidelines? Interestingly, retail sentiment remains low. Most of the current move is driven by institutions and whales. But that might be a good thing. In previous bull markets, institutional accumulation often came before massive retail FOMO kicked in. So, the fact that ETH is surging without much noise from everyday investors could suggest this rally still has legs. Ethereum price predictions: What's next for ETH? Here's a quick summary of where analysts see Ethereum heading in the short, medium, and long term: Timeframe Price Range Analyst Forecasts Short-Term (July-Aug 2025) $3,900 - $4,500 Mark Newton sees $4,000 by July-end; resistance at $4,200–$4,500 Medium-Term (Q4 2025) $6,000 - $20,000 Tom Lee: $10,000–$15,000; Colin Talks Crypto: up to $20,000 Long-Term (2025–2026) $8,000 - $18,000 Fundstrat's valuation model supports $15K; tokenization growth could push to $18K Why Ethereum's momentum might last Ethereum's rally isn't just about price—it's about structural shifts in how institutions and even corporations are treating ETH. The network now powers over 60% of tokenized real-world assets, according to Fundstrat, and nearly 30% of its supply is staked and off the market. As traditional finance builds more products on Ethereum's rails—whether stablecoins or tokenized securities—demand could continue to outstrip supply. While the $4,000 level may still pose resistance in the near term, a confirmed breakout could open the door to a move toward $6,000, $8,000, or even $10,000+ by year-end. Whether you're an investor, trader, or just watching from the sidelines, this is a moment worth paying attention to. Ethereum isn't just going up—it might be growing up into a new kind of asset class. FAQs: Can Ethereum really reach $10,000 or even $15,000 by the end of 2025? Yes, many experts believe Ethereum could hit $10,000 or even $15,000 by the end of this year. Analysts like Tom Lee from Fundstrat say Ethereum is benefiting from massive institutional support, especially through spot ETH ETFs that have brought in over $2.18 billion in just one week. That kind of buying pressure, combined with growing use cases like tokenization and corporate adoption, could drive prices much higher. While $15,000 may sound ambitious, analysts are using models similar to those used for tech companies—because Ethereum, like software firms, powers entire ecosystems. Why is Ethereum going up so fast right now? Ethereum is rising quickly due to a perfect mix of strong technical signals and real-world demand. The biggest driver is institutional buying—especially through newly launched spot Ethereum ETFs. At the same time, whales are quietly accumulating ETH, with some buying tens of millions worth in just days. Ethereum's supply on exchanges like Coinbase is also drying up, meaning there's less ETH available to buy. Add to that major companies announcing ETH purchases for their treasuries, and you've got a strong foundation for this ongoing price surge. Is this Ethereum rally sustainable, or is it just another bubble? This time, it looks more sustainable than previous bull runs. Unlike past rallies driven mainly by retail hype or meme coins, this one is led by serious money—like institutions, ETFs, and corporate treasuries. Also, Ethereum's price is supported by strong technical patterns, such as an ascending triangle forming over multiple years, and it's trading above key moving averages. While pullbacks are always possible, many investors see this rally as more mature and grounded in fundamentals compared to past cycles. What should I watch for before buying Ethereum right now? If you're thinking about entering the market now, it's smart to keep an eye on the $4,000 level. That's a major resistance point where ETH has been rejected before. If Ethereum breaks and holds above that level with strong volume, it could signal more upside ahead. But be cautious—markets often pull back after big runs. Use dollar-cost averaging if you're not sure about timing, and always set a plan in place before investing. Are companies really buying Ethereum for their balance sheets? Yes, and this is a big deal. Several public companies, including Bitmine Immersion Technologies and SharpLink Gaming, have recently added ETH to their corporate treasuries. After making these announcements, some of their stocks even jumped by 300% to 400%. Crypto trader Pentoshi pointed out that many of these companies are aggressively trying to secure large amounts of ETH—sometimes up to 1% of total supply. This mirrors the Bitcoin corporate treasury trend we saw in 2020 but seems to be happening faster with Ethereum. Is Ethereum still a good investment if I missed the rally? It depends on your investment goals and time horizon. While ETH has already gone up more than 50% this month, many analysts believe we're still in the early stages of this bull cycle. If Ethereum breaks above $4,000 and holds, it could potentially run toward $6,000, $8,000, or higher in the next 6–12 months. However, it's important to avoid FOMO (fear of missing out). Consider your risk tolerance and invest gradually if you're entering now. ETH is still volatile, and sharp corrections can happen even in a bullish market. What role do Ethereum ETFs play in this price rally? Ethereum ETFs are playing a huge role. Just last week, U.S.-listed spot ETH ETFs saw inflows of $2.18 billion. This is important because it allows institutions and regular investors to gain exposure to Ethereum without having to deal with crypto wallets or exchanges. It also brings Ethereum more into the mainstream financial system. These ETF inflows reduce circulating supply and create new demand channels—both of which support price growth over time. What's the biggest risk to Ethereum right now? The biggest near-term risk is price rejection at the $4,000 level. Historically, ETH has failed to break past this area several times—in 2021, 2022, and early 2024. If the market stalls again, we could see a pullback. There's also broader market risk tied to macroeconomic conditions, regulations, or any unexpected shocks that affect investor confidence. That said, many current buyers are long-term holders, especially institutions, which adds some stability to the rally. Is Ethereum still dominated by retail traders? Not anymore. In fact, this rally has shown how institutional the market has become. On-chain data shows that most of the recent buying has come from large wallets and institutions. Retail traders are still mostly on the sidelines, and that's often a sign the rally has room to grow. When retail starts jumping back in, we could see the next wave of upward momentum—just like what happened in Bitcoin's 2020 bull run.
CNBC
2 days ago
- Business
- CNBC
Bitcoin could be worth over $1 million per coin in the next few years, say Fundstrat's Tom Lee
Tom Lee, Fundstrat co-founder and managing partner and Fundstrat Capital CIO, joins 'Squawk Box' to discuss the latest market trends, state of the economy, future of 'Magnificent Seven' stocks, bitcoin price trends, and more.
