Key Insights
- •Tom Lee predicts Ethereum could reach $62,000 within months, sparking renewed debate over ETH’s long-term upside.
- •Analysts caution that Ethereum must first break the $4,800 resistance, with additional key levels at $6,800 and $8,800.
- •The forecast has triggered strong market reactions, with traders split between macro-driven optimism and technical-level skepticism.
Ethereum price prediction debates reignited on December 5, 2025, after Fundstrat’s Tom Lee doubled down on a $62,000 target for ETH, a 20× move from the current $3,170 level.
He argued the asset remains “grossly undervalued” relative to Bitcoin and the broader tokenization opportunity.
Speaking at Binance Blockchain Week in Dubai on December 4 and widely clipped on X, Lee laid out a scenario where Bitcoin first climbs to $250,000 and Ethereum reclaims a 0.25 BTC ratio, mathematically delivering the eye-watering Ethereum price prediction of around $62,000.
With ETH trading at $3,170 and daily volume at $26.6 billion, the forecast gained immediate traction: BitMine Immersion Technologies, chaired by Lee, added another $131 million in ETH on-chain, pushing its treasury closer to 3% of circulating supply, according to LookonChain data released December 5.
While the call has electrified the community, most Ethereum price prediction models still see $4,800–$6,800 as the next realistic hurdles before any discussion of five-figure levels becomes mainstream.
Tom Lee’s Math Behind the $62,000 Ethereum Price Prediction
Lee’s entire argument rests on one simple, powerful metric: the ETH/BTC ratio. If Bitcoin reaches his base-case target of $250,000 in 2026, the math plays out like this.
At today’s depressed ratio of around 0.05, Ethereum would sit near $12,500. That’s respectable, but hardly revolutionary.
Return to the eight-year historical average of roughly 0.10, and Ethereum climbs to about $25,000 — a solid catch-up move that most long-term holders would happily take.
But recapture the 2021 peak ratio of 0.25, the level Lee believes is justified by Ethereum’s growing dominance in tokenization, DeFi, and institutional infrastructure, and the price lands at approximately $62,500.
That single variable, the ratio, is the linchpin of his entire $62,000-plus Ethereum price prediction.
“Ethereum at $3,000 is grossly undervalued,” Lee told the Dubai audience, per the Altcoin Daily clip that garnered 173,000 views in under 24 hours.
He described Ethereum as the “new payment rail” for tokenized real-world assets, stocks, bonds, and real estate, a theme echoed in Fundstrat’s latest client note circulated December 4.
Consequently, BitMine’s $131 million purchase, confirmed by LookonChain on December 5, took its average entry near $3,000 and lifted total holdings toward the stated 3% target first announced in June 2025.
On-chain wallets tied to BitMine showed inflows of 43,667 ETH in the past 48 hours alone.
Near-Term Ethereum Price Prediction: $4,800 Is Still the Gatekeeper
Despite the excitement, technical analysts remain measured. Ali Martinez highlighted on December 5 that Ethereum price prediction models first require a decisive break and weekly close above $4,800 before $6,800–$8,800 can become realistic.
“$62,000 is possible in an extended bull cycle, but $4,800 is the line in the sand right now,” he wrote alongside a Fibonacci extension chart.
Current levels sit at $3,041, with the 200-day EMA at $2,620 acting as dynamic support.
RSI on the daily chart reads 62, bullish but not overbought, while staking participation remains at 67% of supply, keeping annual issuance near zero thanks to EIP-1559 burns.
A move to $62,000 would imply a $7.5 trillion market cap, larger than Bitcoin’s peak in this cycle and roughly 60% of gold’s current $13 trillion valuation.