$ETH Tom Lee: $3,000 ETH Is the Most Undervalued Asset

Bitmine Chairman Tom Lee stated at the Binance Blockchain Week on December 4th that $3,000 Ethereum is grossly undervalued, and that the current decline in the crypto market is mainly related to deleveraging, rather than the so-called "four-year cycle." He believes the price of Ethereum has indeed bottomed, revealing that they purchased nearly 100,000 $ETH last week, double the amount bought in the previous two weeks. He predicts: "Bitcoin will reach $250,000 within a few months, and if the Ethereum-to-Bitcoin ratio returns to its average level, its price could reach $12,000 or even $22,000."

Source：2025 Binance Blockchain Week