Ethereum is back in the spotlight as whales and Wall Street heavyweights turn their attention toward the world’s second-largest cryptocurrency.
In a recent tweet on X, Crypto analyst Ali Martinez shared that whales, which are large ETH holders, bought over 500,000 ETH in just two weeks.
This is often seen as a bullish sign, especially when they buy amid a major price rally. As of July 19, Ethereum is trading at $3,557, according to CoinMarketCap, after a 1.1% dip over the past day.
In an interview, Tom Lee, Head of Research at Fundstrat and Chairman of Bitmine Immersion Technologies (BMNR), shared a bold price prediction for Ethereum. He pointed to a model from Fundstrat’s Sean Farrell, who used business valuation metrics to estimate that Ethereum could be worth up to $15,000.
He explained that Ethereum, like a software company, creates more value than businesses that sell single-use products.
Lee also referred to technical analysis by Mark Newton, Fundstrat’s Head of Technical Strategy. Newton sees ETH possibly reaching $4,000 by the end of July. Lee agreed with this outlook, calling it a “first target.” He said ETH could go as high as $10,000 to $15,000, though he didn’t give an exact date for that. Still, he suggested that it might happen by the end of the year — or even sooner.
In a separate CNBC interview, Lee called Ethereum “Wall Street’s preferred choice” for building blockchain infrastructure. He mentioned big names like JPMorgan and Robinhood, which are using Ethereum for their stablecoin and tokenization projects.
He added that Ethereum already hosts more than 60% of all real-world assets (RWAs) on the blockchain, and he expects that number to grow. Lee said that if the stablecoin market crosses $2 trillion, which is a number mentioned by Treasury Secretary Bessent, Ethereum could see massive growth in activity and demand.
Also Read: Bit Digital Buys 19683 ETH, Now holds $436M in Ethereum Treasury
