BitMine Chairman Tom Lee said in an interview with amit live that Ethereum will rise to $5,500 in the next few weeks and further reach $10,000-12,000 before the end of the year.
He pointed out that most of the major trends in the crypto market tend to be concentrated in the fourth quarter, so the performance in the second half of the year is particularly critical.
Tom Lee also warned that there may be seasonal weakness in September, and investors often worry that this is the top. However, historical experience shows that since 2022, every pullback has ultimately proved to be a "buying opportunity" rather than the end of the market.
He emphasized that if ETH is to achieve a year-round increase of more than double, the core market trend will inevitably be concentrated in the next few months. Therefore, the September pullback should not be interpreted as panic, but rather as a window to increase positions.
