Tom Lee predicts Ethereum could reach $60,000 by 2030
Fundstrat co‑founder Tom Lee called Ethereum a ‘generational play’ and reposted an analyst’s chart projecting ETH could reach $60,000 by 2030 after BitMine bought $235 million of Ether.
Tom Lee, co‑founder of Fundstrat and chair of BitMine, reposted an analyst chart that projects Ether (ETH) could reach $60,000 by 2030 after BitMine purchased $235 million of Ether and raised its net holdings above 5 million ETH, about 4% of the current supply.
The chart, developed by analyst Crypto Patel, maps ETH price action inside a long‑term ascending channel that has framed the market since 2017. Patel identified a recurring lower trend line that has acted as support and described the current range near $1,300 to $2,000 as an ‘accumulation zone’ for buyers. His projections include a roughly 1,000% increase to about $15,800 by 2028 and a 3,150% rise to $60,000 by 2030. Patel described the setup as a ‘generational play’ for ‘patient holders.’
Technical structure also supports downside scenarios. Since 2021, Ether has traded inside a large symmetrical triangle, a neutral pattern that can break higher or lower. The asset briefly moved above that pattern in July 2025 but the breakout failed and prices returned to the range. Analysts flag the channel’s lower trend line near the 0.786 Fibonacci retracement, around $1,834; a decisive break below that level could open a path toward the 1.0 Fibonacci level near $1,000.
BitMine’s accumulation increases its exposure to price swings. As of late April, estimates put the firm’s unrealized losses on its Ether holdings at about $6.5 billion. Analysts calculating potential losses note that if ETH fell to roughly $1,000 and BitMine’s average acquisition cost remained near $3,600 per token, unrealized losses could rise to about $13.2 billion.
Other institutional forecasts differ. VanEck and Standard Chartered have published scenarios with targets near $22,000 and $40,000 for ETH, respectively, while the reposted chart outlines a higher $60,000 target by 2030. The technical projections cited here are based on market charts and on‑chain data used in the original analysis.
Forecasts are estimates and involve risk; they do not constitute investment advice.
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