Tom Lee Claims Ethereum is at an Undervalued Inflection Point

Tom Lee, chairman of Bitmain Immersion Technologies, claimed that Ethereum (ETH) is at an undervalued inflection point similar to Amazon and NVIDIA. He stated that ETH is absurdly undervalued due to panic selling by individual investors, with the current trading price at $1,844, which is a 46.97% drop over the past year and 63% lower than its peak of $4,953 in 2025. Lee emphasized that BlackRock and JP Morgan's tokenized products are being built on Ethereum, marking the beginning of real-world usage on Wall Street. He interpreted that the ecosystem has become more decentralized even after the Ethereum Foundation's holdings decreased to 0.1%. He argued that Ethereum's security and immutability are suitable for the age of AI agents, mentioning its potential to evolve as a payment rail. He predicted that ETH could reach $2,200 by August in the short term, and in the long term, if Bitcoin reaches $250,000, ETH could rise to $12,000. He added that if Ethereum becomes the central network for tokenized real asset payments, it could potentially reach $65,000. The market has reacted with skepticism towards these projections, while opinions are mixed on whether institutional adoption will have a positive impact on Ethereum in the medium to long term.

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