Ethereum is now within striking distance of its all-time high, trading just 4% below the record. Fundstratโs Tom Lee believes the rally is far from over.
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@Lachakari_Crypto According to Lee and Sean Farrell, Head of Digital Asset Research at Fundstrat, ETH could surge to $10,000 before the end of 2025. They added that extended momentum could even push ETH as high as $12,000 to $15,000.
Ethereum Now Outpaces Bitcoin in 2025 Gains
Amid the ongoing Ethereum bull run, the altcoin king now boasts a year-to-date gain of 41%, trading at $4,694. This outpaces Bitcoinโs 30% gain since January.
Fundstratโs analysis noted that ETH has surged by over 78% in just the past eight weeks. Meanwhile, during the same period, BTC is up only 15%, trading at $121,000. According to Lee, Ethereumโs price surge reflects growing recognition that it is โarguably the biggest macro trade over the next 10โ15 years.โ
He points to Ethereumโs dominant role in powering stablecoins and institutional blockchain projects as a key driver.
Wall Streetโs Shifting to the Blockchain
Leeโs long-term bullish outlook is further supported by major structural changes in the financial sector. The recently passed GENIUS Act, which formalizes the use of stablecoins, along with the SECโs Project Crypto, is accelerating Wall Streetโs migration to blockchain infrastructure. Much of this is being built on Ethereum.
To the BitMine Chairman, this change is creating a multi-decade investment opportunity similar to the early days of the internet. โWall Street is financializing on Ethereum,โ Fundstratโs analysis noted.ย
As a result, they expect Ethereum to reach a $1.8 trillion market cap, with a $15,000 price target by December 2025.
ETH Treasury Stocks Offer Leveraged Exposure
To gain exposure to ETH beyond direct purchase, Lee highlights ETH ETFs and Ethereum treasury stocks. These are companies and funds holding significant ETH reserves that could act as leveraged plays on price gains.
He listed Bitmine (BMNR), which holds more than 1.15 million ETH and ranks as the worldโs largest ETH treasury. Other notable examples include The Ether Machine (DYNX) and Sharplink Gaming (SBET), with a combined ETH holding exceeding $4 billion.
Early Days for Institutional Adoption
Meanwhile, Lee notes that only 9% of fund managers currently hold crypto, compared to 48% who own gold, according to the latest BofA Fund Manager Survey. He believes this highlights just how early the adoption curve still is.ย
Fundstratโs core investment basket now includes the โMAG7,โ Bitcoin, and Ethereum. Lee remains confident that both the broader markets and crypto will reach record highs before the year ends.
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@Lachakari_Crypto opinion. Readers are encouraged to do thorough research before making any investment decisions.
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