Tom Lee Predicts Ethereum Could Hit $12,000 This Year

Ethereum’s price is soaring, with experts predicting a potential surge to $12,000 by the year-end. Institutional inflows into the cryptocurrency have exceeded $1.3 billion over four days, highlighting growing investor confidence. This prediction comes as regulatory developments in the US appear favorable for Ethereum. Tom Lee, well-known crypto analyst and former co-founder of Fundstrat Global Advisors, expects to see Ethereum reach $5,500 within weeks before potentially hitting $12,000 by year-end. Lee attributes this growth to Ethereum’s versatility in the decentralized finance (DeFi) space, its potential role as a foundation for financial infrastructure, and increasing institutional investment.