PANews reported on August 27 that BitMine Chairman Tom Lee said in an interview with amit live that Ethereum will rise to US$5,500 in the next few weeks and reach US$10,000 to US$12,000 by the end of the year.

Earlier , Tom Lee stated in an interview that Ethereum is becoming the blockchain platform of choice for Wall Street institutions, and that its native token, ETH, is currently severely undervalued. He predicted that ETH will break through $4,000 in the short term and is expected to reach the $10,000-15,000 range by the end of the year.