Ethereum Bull Predicts Surging Prices to $9,000 by Early January

Tom Lee of Fundstrat has fueled bullish sentiment surrounding Ethereum (ETH), predicting a potential price surge to around $5,500 in September and reaching $9,000 by the start of January. His team’s technical analyst Mark Newton supports these projections, citing growing DeFi applications and increased institutional interest as key drivers for ETH’s rise. Fundstrat believes Ethereum holds significant potential as a crucial component of AI decentralization. The team argues that the network could serve as the foundation for various applications such as data collection, commercialization of copyrights, loyalty programs, AI verification, and identity proofing. ]