2 hours ago
Tom Lee Says Ethereum Could Hit $62,000: Here’s the ETH/BTC Ratio That Could Make It Possible
EthereumBitcoin $250KBitMine ETH TreasuryETH price predictionETH/BTC RatioEthereum Bull CaseEthereum PriceInstitutional EthereumTom Lee crypto
TLDR: Tom Lee sets a baseline ETH price of $12,000 using the 8-year average ETH/BTC ratio of 0.0479 at $250K BTC. At the 2021 cycle peak ratio of 0.087, Lee projects Ethereum could trade near $22,000 with Bitcoin at $250,000. Lee’s bull case puts ETH at $62,000 if the ETH/BTC ratio climbs to 0.25, driven [...]
The post Tom Lee Says Ethereum Could Hit $62,000: Here’s the ETH/BTC Ratio That Could Make It Possible appeared first on Blockonomi.
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