$62,000 Ethereum? Tom Lee Revives Bullish Call For 2026

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Tom Lee has reiterated probably the most aggressive Ethereum targets out there, telling attendees at Binance Blockchain Week on 4 December that ETH might ultimately commerce at $62,000 because it turns into the core infrastructure for tokenized finance.

“Okay, so let me clarify to you why Ethereum, now that we’ve talked about crypto, […] is the way forward for finance,” Lee stated on stage. He framed 2025 as Ethereum’s “1971 second,” drawing a direct analogy to when the US greenback left the gold commonplace and triggered a wave of monetary innovation.

Lee’s Thesis For Ethereum

“In 1971, the greenback went off the gold commonplace. And in 1971, it galvanized Wall Road to create monetary merchandise to ensure the greenback could be the reserve forex,” Lee argued. “Nicely, in 2025, we’re tokenizing the whole lot. So it’s not simply the greenback that’s getting tokenized, however it’s shares, bonds, actual property.”

In his view, this shift positions ETH as the first settlement and execution layer for tokenized belongings. “Wall Road is, once more, going to reap the benefits of that and create merchandise onto a sensible contract platform. And the place they’re constructing that is on Ethereum,” he stated. Lee pointed to present real-world asset experiments as early proof, noting that “the vast majority of this, the overwhelming majority, is being constructed on Ethereum,” and including that “Ethereum has gained the good contract conflict.”

Lee additionally careworn that ETH’s market conduct has not but mirrored that structural function. “As you recognize, ETH has been vary certain for 5 years, as I’ve shaded right here. But it surely’s begun to interrupt out,” he instructed the viewers, explaining why he “acquired very concerned with Ethereum by turning Bitmine into an ETH treasury firm, as a result of we noticed this breakout coming.”

The core of his valuation case is expressed by the ETH/BTC ratio. Lee expects Bitcoin to maneuver sharply increased within the close to time period: “I believe Bitcoin goes to get to $250,000 inside just a few months.” From there, he derives two key ETH situations.

First, if the ETH/BTC value relationship merely reverts to its historic imply, he sees substantial upside. “If ETH value ratio to Bitcoin will get again to its eight yr common, that’s $12,000 for Ethereum,” he stated. Second, in a extra aggressive case the place ETH appreciates to 1 / 4 of Bitcoin’s value, his long-standing $62,000 goal emerges: “If it will get to 0.25 relative to Bitcoin, that’s $62,000.”

🔥 TOM LEE CALLS FOR $62,000 $ETH

“I believe Ethereum’s going to turn out to be the way forward for finance, the fee rails of the long run and if it will get to .25 relative to Bitcoin that’s $62,000. Ethereum at $3,000 is grossly undervalued.” pic.twitter.com/VydvLou9IE

— CryptosRus (@CryptosR_Us) December 4, 2025

Lee hyperlinks these ratios on to the tokenization narrative. “If 2026 is about tokenization, meaning Ether’s utility worth ought to be rising. Subsequently, you must watch this ratio,” he instructed the gang, arguing that valuation ought to monitor rising demand for ETH blockspace and its function as “the fee rails of the long run.”

He concluded with a pointed evaluation of present ranges: “I believe Ethereum at $3,000, after all, is grossly undervalued.”

At press time, ETH traded at $3,128.

Featured picture created with DALL.E, chart from TradingView.com

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