Recently, Fundstrat co-founder Tom Lee once again offered a controversial assessment. He emphasized that instead of looking at the price of Ethereum alone, it's more important to focus on the core metric of the ETH to BTC price ratio.

Tom Lee stated that if Bitcoin rises to the $1 million range in the long term while Ethereum maintains its historical price ratio, then under this scenario, Ethereum's theoretical pricing potential could be extrapolated to the $250,000 level. This is not a prediction of short-term market movements, but rather an extrapolation based on proportional relationships and long-term structural changes.

He also pointed out that Ethereum is evolving into a financial infrastructure and payment platform, and its valuation logic is not simply a speculative narrative, but is highly correlated with Bitcoin's long-term trend and the overall structure of the crypto market. The final price path still depends on market evolution, but this deduction has once again sparked discussions about Ethereum's long-term potential.