Tom Lee updates Ethereum price target prediction: rise to $5500 in a few weeks, year-end target price of $10,000 to $12,000.

On August 27, Tom Lee, chairman of the BitMine board, recently stated during an interview with Amit that he expects Ethereum to rise to $5,500 within a few weeks, with a target price of $10,000 to $12,000 by the end of the year. Most of the trends in crypto assets typically concentrate in the fourth quarter. "So if you've risen 35% from the beginning of the year, and the final annual increase is to reach 200%, then the remaining increase will basically be completed in the coming months." However, Tom Lee also expressed concerns that September may bring a seasonal adjustment in the crypto market. But he still emphasized that "a fall is a good buying opportunity."