Ethereum (ETH) appears poised for a similar upward trajectory as Bitcoin (BTC), experiencing a rally mirroring the historical supercycle seen in Bitcoin’s price. Tom Lee, executive chair of Ether treasury company BitMine, believes ETH is embarking on a similar ‘supercycle.’ Lee recalls advising his Fundstrat clients to invest in Bitcoin back in 2017 when it was around $1,000 and witnessing multiple significant price drops over the following years. However, Bitcoin has since surged by 100x from their initial recommendation. Lee believes ETH is currently experiencing a similar trajectory. Ethereum’s price lagged behind Bitcoin for months before reaching an all-time high of $4,946 in August while Bitcoin continued to climb towards its peak of over $126,000 in October. Following this, the market saw a correction with Bitcoin losing 25% from its peak and Ether dropping over 35%. Lee argues this volatility is driven by uncertainty and that it discounts a massive future for Ethereum. He emphasized holding during such volatile periods to achieve long-term gains similar to Bitcoin’s historic supercycle.