Is $62,000 Ethereum possible, or is it just another price prediction in an industry that has earned infamy for irrational price forecasts? Seasoned crypto analyst Ali Martinez simplified ETH bull Tom Lee’s ETH price prediction made during the Binance Blockchain Week, Dubai 2025.
Tom Lee shares the bull case for Ethereum
A crypto conference is incomplete without a bold price prediction, and the recently concluded Binance Blockchain Week was no exception. ETH bull Lee noted that it is undervalued compared to Bitcoin.
Lee, the CIO and Head of Research at Fundstrat, shared insights on how Ethereum continues to lead both innovation and capital flows in the digital assets industry. He discussed ETH’s implied fair value based on the ETH/BTC ratio.
In a presentation that had the audience intrigued, Lee explained that if the ETH/BTC ratio surges to its 8-year average, it can surge to almost $12,000. If it gets to the 2021 highs, it would lead to $22,000 ETH. He added:
But, I think Ethereum’s going to become the future of finance, the payment rails of the future, and if it gets to 0.25 relative to Bitcoin, $62,000 ETH. So, um, I think Ethereum at $3,000, of course, is grossly undervalued.
To explain the significance of the ETH/BTC ratio, many analysts like to track this chart since it gives an idea about ETH’s price action relative to BTC. During a so-called ‘altseason,’ the ratio tends to record rapid gains, suggesting capital rotation from large market cap cryptocurrencies like BTC to mid-caps like ETH, Solana, XRP, and others.
Analyst breaks down Lee’s outrageous Ethereum prediction
Crypto analyst Martinez took to X to comment on Lee’s ETH price prediction from a technical analysis perspective. The analyst highlighted that ETH’s road to $62,000 will comprise several bumps.
ETH first needs to break through its current all-time high price of close to $4,800. Once it creates a new high, then ETH must surge to its new technical resistance levels, which lie around $6,800 and $8,800.
This is not the first time that Lee has given such a bold ETH price prediction. In November 2025, he claimed that Ethereum is set to follow Bitcoin’s “100x supercycle.”
That said, some concerns remain, heightened by the deteriorating global macroeconomic outlook. Recently, Ethereum treasury firm FG Nexus sold almost 11,000 ETH to finance its share repurchase program.
