Markets· ★★★· neutral·

Tom Lee Predicts ETH Above $5,000 by Year-End Despite ETF Outflows

  • —Tom Lee expects ETH above $5,000 by year-end, with the price now near $2,500
  • —Ethereum ETFs shed $697.4 million over nine consecutive outflow sessions since September 29
  • —BitMine holds 6.02 million ETH, nearing its goal of owning 5% of supply
  • —Lee named BlackRock, JPMorgan and Robinhood as drivers of institutional demand
Why it matters: The call comes from the head of the largest corporate ETH treasury, yet current ETF flows still contradict the bullish scenario.
#ETH
Source: Happycoin.club
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